Quarterly Result3 Nov 2026, 10:51 pm
Diligent Media Declares Un-Audited Results for Q2 FY27
AI Summary
Diligent Media Corporation Ltd announced its Un-Audited Financial Results for the second quarter and half year ended September 30, 2026. The Board of Directors approved the results, which were prepared in accordance with Ind-AS and reviewed by the statutory auditors with a modified opinion. The company noted a negative net worth as of September 30, 2026, but management believes the company can meet its obligations on a going concern basis. A significant inter-corporate deposit (ICD) with Veena Investments Private Limited (VIPL) and a related preference share redemption/cancellation scheme is pending approval. The company also disclosed ongoing proceedings with SEBI regarding alleged violations.
Key Highlights
- Board approved Un-Audited Financial Results for Q2 and H1 FY27.
- Results reviewed by auditors with a modified opinion.
- Company has a negative net worth as of September 30, 2026.
- Scheme for ICD adjustment and preference share cancellation is pending approval.
- Ongoing SEBI proceedings noted, financial effect not yet ascertainable.
Price Impact
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