Next Mediaworks Ltd (NEXTMEDIA) — FY26 Annual Report | 27 August 2026 (3 announcements)

Next Mediaworks Limited held its 45th Annual General Meeting on September 22, 2026 via video conferencing. The meeting adopted the audited standalone financial statements for FY 2025-26, reappointed Mr. Sandeep Rao as Director, and detailed remote e-voting procedures, quorum rules, and proxy restrictions. The company reported no operating revenue, a net loss of INR 528 lakhs, and a current ratio of 5.2x. Key disclosures included negative equity, no dividend recommendation, and a going concern assessment indicating the company is not viable as a continuing entity. Shareholding remains 74.99% promoter-controlled with 99.997% of shares dematerialized.

Next Mediaworks Limited reported a net loss of INR 528 lakhs for FY26, down from a profit of INR 394 lakhs in FY25, driven by a reversal of investment gains and higher finance costs. The company holds INR 3,892 lakhs in debt and INR 266 lakhs in investments, with no dividend recommended. The AGM is scheduled for September 22, 2026 via video conference. Management highlighted ongoing restructuring, negative net worth, and uncertainty around settling inter-corporate borrowings due in August 2027, leading to a 'not a going concern' assessment. Key risks include debt servicing pressure, regulatory compliance, and limited operational activity. The Board emphasized risk management frameworks and compliance with SEBI Listing Regulations.

Next Mediaworks informed shareholders without registered emails that the FY2025-26 Annual Report and AGM notice are available on its website, providing direct links and urging email updates to continue receiving disclosures.