Khyati Multimedia Entertainment Ltd Posts Financial Results, Board Approves Key Appointments Amid Audit Qualifications

Khyati Multimedia Entertainment Ltd Posts Financial Results, Board Approves Key Appointments Amid Audit Qualifications​

Khyati Multimedia Entertainment Limited recently concluded its quarterly results and held a Board meeting, during which it reviewed its audited financial performance for the fourth quarter and the year ended March 31, 2026. The company also took several corporate governance actions and received a qualified opinion from its statutory auditors regarding the annual results.

The Audited Financial Results reflect changes in the company's asset structure over the last fiscal year. As of March 31, 2026, the company's Total Assets stood at 349.47 Lakhs, up from 321.75 Lakhs as reported on March 31, 2025.

The balance sheet details are summarized below:

Governance Decisions and Appointments​

At the Board meeting held on May 28, 2026, the directors reviewed and accepted the audited financial results for the fourth quarter and the year ended March 31, 2026. The board members also took note of the Annual Disclosure of Interest made by directors and the Annual Declaration made by Independent Directors.

Key operational decisions included:

• Appointing M/s. Khandar and Co., Chartered Accountants, as Internal Financial Auditors for the financial year 2026-27.
• Approving the Draft Secretarial Audit Report and taking note of the Annual Secretarial Compliance Report for the year ended March 31, 2026.
• Authorizing the Chairman and Managing Director to fix the Record Date, proposed date, time, and venue for the upcoming Annual General Meeting (AGM).

Auditor’s Qualified Opinion Highlights​

The company's statutory auditor issued a qualified opinion on the standalone financial results for the quarter ended March 31, 2026, and the year to date. The audit highlighted several points that led to the qualification:

• Land Advance: An unsecured advance against land amounting to Rs 2,08,75,000 was reported, although the land registration has not yet been completed, and registered agreements were unavailable for review.
• Event Management Revenue: The auditor noted that while the company organized a Polo Championship event, the revenue recognized from this activity lacked alignment with Ind AS 115, as the company had not amended its Memorandum of Association (MoA) to include sports-related activities and sufficient audit evidence (such as contracts with sponsors or franchisees) was unavailable.
• Customer Advances: Certain advances received from customers remained outstanding for over 365 days. Based on examination, these amounts were deemed deposits under the Companies Act, 2013, resulting in non-compliance with acceptance of deposit regulations. The management confirmed that it plans to refund these advances as soon as financials permit.

The audit report also included an Emphasis of Matter stating that the investment made by the company in Khyati Retail & Eatery Pvt Ltd is reported at book value, and there was no evidence provided to confirm the fair value of this investment matched the book value.

Stock Price Movement​

At 10:14, shares of Khyati Multimedia Entertainment Ltd. are ticking down to ₹3.65, losing 4.45% in current trading. The stock price moved significantly during the session, touching a low of ₹3.63 before reaching an intraday high of ₹4.00.