Diligent Media Corporation Limited (DNAMEDIA) — Board Meeting

📢 Key Event
Board approved audited FY2026 results, CEO appointment, and NCRPS reduction scheme filing

🔄 What Changed
Net loss of ₹136,188 lakhs, negative net worth, ₹65,144 lakhs deferred tax reversal, and qualified audit opinion

🔮 What's Next
Management expects positive cash flows under approved business plan; scheme pending approval

💡 Investor Takeaway
Shareholders face dilution risk from NCRPS reduction and heightened regulatory scrutiny despite going concern claims

Diligent Media Corporation Limited reported a net loss of ₹136,188 lakhs and negative net worth for FY2026, with a ₹65,144 lakhs deferred tax asset reversal due to uncertainty in future taxable income. Priyadarshan Garg was appointed CEO effective June 1, 2026. The company faces a SEBI show cause notice and a GST demand of ₹6,856.37 lakhs, contested legally. Despite negative net worth, it maintains a going concern basis on approved business plans. The auditor issued a qualified opinion over unresolved arbitration on inter-corporate deposits and NCRPS redemption, with no interest accrued since January 1, 2025.

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