Quarterly Result17 Apr 2026, 09:21 pm
Infomedia Press Board Approves Q4/FY26 Results; Going Concern Uncertainty
AI Summary
Infomedia Press Ltd's Board of Directors approved the Audited Financial Results for the quarter and financial year ended March 31, 2026. The Statutory Auditors issued an unmodified opinion on the results. However, the auditor's report highlights a material uncertainty regarding the company's ability to continue as a going concern, citing a net loss of ₹300.20 lakh for FY26 and accumulated losses of ₹11,287.28 lakh, resulting in negative net worth. This uncertainty is mitigated by a support letter from the parent company, Network 18 Media & Investments Limited, assuring financial support for the foreseeable future.
Key Highlights
- Board approved Audited Financial Results for Q4 and FY ended March 31, 2026.
- Auditors issued an unmodified opinion on the financial results.
- Company reported a net loss of ₹300.20 lakh for FY26.
- Accumulated losses total ₹11,287.28 lakh, leading to negative net worth.
- Parent company, Network 18, provided a support letter for going concern.