Sea TV Network Approves Q1 Results; Company Secretary Resigns
Sea TV Network Limited announced that its Board of Directors had approved the unaudited Standalone and Consolidated Financial Results for the First Quarter ended June 30, 2026. The company also confirmed the resignation of Ms. Karishma Jain from the post of Company Secretary & Compliance Officer.The board meeting was held on July 25, 2026, through a video conference. As part of the proceedings, the board accepted the resignation of Ms. Karishma Jain, who is a Key Managerial Personnel at the company. Her resignation will be effective from the close of business hours on July 28, 2026.
The company disclosed that it is currently in the process of identifying and appointing a new Company Secretary & Compliance Officer.
Audit Review Highlights
Doogar & Associates, Chartered Accountants, issued reports reviewing both the consolidated and standalone financial results for the quarter ended June 30, 2026. Both reviews pointed out the impact of non-provision of interest on unsecured loans in the unaudited statements.The review reports noted that as of June 30, 2026, there was an amount pertaining to interest on unsecured loans totaling Rs 66.49 lacs. The reports stated that had this interest been provided, the loss for the group and the company would have been higher by Rs 66.49 lacs, respectively.
A summary of the key review points across both financial statements is presented below:
| Statement | Financial Period Ended | Key Observation on Unsecured Loan Interest |
|---|---|---|
| Consolidated Unaudited Financial Results | June 30, 2026 | Non-provision of interest on unsecured loans amounting to Rs 66.49 lacs as computed by the Company. |
| Standalone Unaudited Financial Results | June 30, 2026 | Non-provision of interest on unsecured loans amounting to Rs 66.49 lacs as computed by the Company. |
The company's subsidiaries included in the consolidated results are Jain Telemedia Services Limited and Sea News Network Limited.
Stock Price Movement
Sea TV Network Ltd shares settled at ₹2.75 on Friday, registering a decline of 3.51% based on the day's trading results. The stock traded within an intraday range bounded by a low of ₹2.71 and a high of ₹2.85.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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