StockWatch
·
Advertising & Media Agencies
Quarterly Result3 Nov 2025, 01:16 pm

Next Mediaworks Ltd. Approves Unaudited Financial Results for Q2 & H1 FY2025-2026

AI Summary

Next Mediaworks Ltd. held a Board Meeting on November 3, 2025, where they approved the unaudited financial results for the quarter and half-year ended on September 30, 2025. The review was conducted by S.R. Batliboi & Associates LLP, who found no material misstatements in the statement prepared in accordance with Indian Accounting Standards and other generally accepted accounting principles in India. The company's net worth is eroded due to inter-corporate borrowings but is currently covered by its current assets, and it has received operational support from its holding company. The company is not required to prepare consolidated financials as per Ind AS 110.

Key Highlights

  • Approval of unaudited financial results for Q2 and H1 FY2025-2026
  • Review conducted by S.R. Batliboi & Associates LLP with no material misstatements found
  • Erosion of net worth due to inter-corporate borrowings, but covered by current assets
  • Operational support received from the holding company
  • No requirement to prepare consolidated financials as per Ind AS 110