Clarification27 Jul 2026, 03:21 pm
Picturehouse Media Files Corrigendum to Financial Results
AI Summary
Picturehouse Media Ltd has filed a corrigendum to its financial results submitted on May 29, 2026, following queries from the stock exchange. The corrigendum addresses audit qualifications related to inventory (films production expenses) and investment in a wholly-owned subsidiary, PVP Capital Limited. The company's net worth remains negative at -₹4024.77 lakhs. The auditors expressed a qualified opinion on the recoverability of inventory amounting to ₹2,879.83 lakhs and the carrying value of investment in PVP Capital Limited (₹2,521.74 lakhs), citing lack of documentary evidence and the subsidiary's negative net worth and defaults.
Key Highlights
- Corrigendum filed for financial results submitted on May 29, 2026.
- Audit qualifications raised on inventory and subsidiary investment.
- Company's net worth remains negative at -₹4024.77 lakhs.
- Auditors doubt recoverability of ₹2,879.83 lakhs in film inventory.
- Auditors question adequacy of investment value in subsidiary PVP Capital.
Price Impact
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