Quarterly Result23 Jan 2026, 01:15 pm
Next Mediaworks Ltd. Prepares Financial Results for Quarter and Nine Months Ended December 31, 2025, as Going Concern Assumption No Longer Applicable
AI Summary
Next Mediaworks Ltd. has announced the outcome of its Board Meeting held on January 23, 2026. The Board approved the unaudited financial results for the quarter and nine months ended December 31, 2025, pursuant to Regulation 33 of SEBI LODR. The company has significant accumulated losses and its net worth is fully eroded, primarily due to finance costs on inter-corporate borrowing. The management has assessed that the going concern assumption is no longer appropriate, and the financial results have been prepared accordingly.
Key Highlights
- Next Mediaworks Ltd. announced unaudited financial results for the quarter and nine months ended December 31, 2025.
- The company's financial results were reviewed and approved by the Audit Committee and the Board of Directors.
- The Statutory Auditors have conducted a limited review of the financial results.
- The company has significant accumulated losses and its net worth is fully eroded.
- The management has assessed that the going concern assumption is no longer appropriate.
Price Impact
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