Cinevista Board approves ₹2.39 Cr write-off of loans to subsidiary & associate

Cinevista Limited's Board of Directors, based on the Audit Committee's recommendation, approved the write-off of outstanding loans and advances totaling ₹2.388 Crores. This includes ₹1,65,13,981/- to its subsidiary, Chimera Entertainment Private Limited, and ₹73,73,949/- to its associate, Heritage Productions Private Limited. The rationale for the write-off is that both entities have had no revenue or business for the last 10 years and possess fully eroded/negative net worth. The total write-off amount represents 9.96% of the company's annual consolidated turnover for FY 25-26, falling below the 10% threshold, thus not requiring shareholder approval. The write-off will impact standalone financials but have no impact on consolidated financials.