Diligent Media Q2 FY27 Results Approved with Modified Auditor Opinion

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 M/s MGB & Co. LLP, Chartered Accountants. Notably, the auditors issued a limited review report with a modified opinion. The company reported a loss before tax of ₹253.20 Lakhs for the half year ended September 30, 2026. Key disclosures include a negative net worth as of September 30, 2026, and ongoing legal proceedings with SEBI. A significant inter-corporate deposit (ICD) of ₹17,340.27 Lakhs with Veena Investments Private Limited (VIPL) is being addressed through a proposed scheme of reduction and cancellation of Non-cumulative Non-convertible Redeemable Preference Shares (NCRPS).