Silly Monks Entertainment Limited Approves Name Change, Key Leadership Appointments, and FY 2026 Results
Silly Monks Entertainment Limited announced several key corporate actions following its recent Board Meeting, including a planned name change and multiple senior leadership appointments. The Board also approved the financial results for the fourth quarter and the full year ended March 31, 2026, alongside statements detailing the company's financial health.The Board Meeting addressed major strategic shifts, including the proposed change of the company's name from Silly Monks Entertainment Limited to CRESTO TECH LIMITED. Furthermore, the Board approved the alteration of the Company’s Objects, with both changes being subject to shareholder approval. To facilitate these changes, an Extra Ordinary General Meeting (EGM) has been scheduled for June 29, 2026. The Board also appointed Mr. Jineshwar Kumar Sankhala as the Scrutinizer for the upcoming EGM to oversee the voting process.
Changes in Key Personnel
The company announced significant changes in its compliance and financial leadership.Effective May 30, 2026, Ms. Mallireddy Sushma Sree resigned from the position of Company Secretary and Compliance Officer.
In replacement and enhancement of its senior team, the Board approved the appointment of Mr. Itikapati Madhusudana Reddy as the Chief Financial Officer. Mr. Itikapati Madhusudana Reddy possesses academic qualifications including M.A. (English), B.Ed., and LL.B., and his experience covers overseeing budgets, optimizing resource allocation, and driving sustainable revenue growth.
Concurrently, Ms. Naneru Greeshma Sandhya was appointed as the Company Secretary and Compliance Officer, bringing practical experience in corporate legal and compliance matters, particularly concerning the Companies Act and SEBI Regulations.
Financial Performance Highlights
The company released audited financial results for the fourth quarter and the full year ended March 31, 2026, detailing both standalone and consolidated figures.Standalone Financial Results
The Standalone Statement of audited Financial Results for the fourth quarter and year ended March 31, 2026, showed the following key totals (all amounts in INR lakhs):| Particulars | Q4 ended Mar 31, 2026 (Audited) | Year ended Mar 31, 2026 (Audited) |
|---|---|---|
| Total Income | 132.65 | 580.34 |
| Total Expenses | 219.65 | 753.76 |
| Profit before tax | (87.00) | (173.42) |
| Total tax expense | 20.61 | 22.07 |
| Profit/(loss) for the year | (107.60) | (195.50) |
| Total comprehensive income | (106.19) | (194.09) |
| Basic Earnings per share (INR) | N/A | (1.82) |
The Standalone Balance Sheet as of March 31, 2026, reflected a total of 1,434.85 INR lakhs, an increase from 1,008.69 INR lakhs recorded on March 31, 2025.
Consolidated Financial Results
The Consolidated Statement of audited Financial Results for the fourth quarter and year ended March 31, 2026, highlighted the following movements (all amounts in INR lakhs):| Particulars | Q4 ended Mar 31, 2026 (Audited) | Year ended Mar 31, 2026 (Audited) |
|---|---|---|
| Total Income | 523.81 | 2,326.53 |
| Total Expenses | 615.04 | 2,503.15 |
| Profit before tax | (91.23) | (176.61) |
| Total tax expense | 20.61 | 22.07 |
| Profit/(loss) for the year | (111.84) | (198.69) |
| Total comprehensive income | (118.38) | (230.87) |
| Basic Earnings per share (INR) | N/A | (1.85) |
The consolidated financial results also confirmed that the company’s operations relate to only one segment, hence segmental reporting as per Ind AS 108 was not made.
SILLYMONKS Stock Price Movement
On Friday, Silly Monks Entertainment Limited shares edged higher, closing at ₹17.08, marking a gain of 1.36% for the session. The stock achieved total trading volume of 5,887 shares, suggesting active participation through the close.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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