5400832026-01-012026-03-315400832026-03-315400832025-03-315400832025-04-012026-03-315400832026-01-012026-03-31in-capmkt:OtherExpenses1Member5400832025-04-012026-03-31in-capmkt:OtherExpenses1Member5400832026-03-31OtherNoncurrentAssetsDomain15400832026-03-31OtherCurrentFinancialAssetsDomain15400832026-03-31OtherCurrentAssetsDomain15400832026-03-31OtherCurrentFinancialLiabilitiesDomain15400832026-03-31OtherCurrentLiabilitiesDomain15400832026-01-012026-03-31RelatedPartyTransactionDomain15400832025-12-31RelatedPartyTransactionDomain15400832026-03-31RelatedPartyTransactionDomain15400832026-01-012026-03-31RelatedPartyTransactionDomain25400832025-12-31RelatedPartyTransactionDomain25400832026-03-31RelatedPartyTransactionDomain25400832026-01-012026-03-31RelatedPartyTransactionDomain35400832025-12-31RelatedPartyTransactionDomain35400832026-03-31RelatedPartyTransactionDomain35400832026-01-012026-03-31RelatedPartyTransactionDomain45400832025-12-31RelatedPartyTransactionDomain45400832026-03-31RelatedPartyTransactionDomain45400832026-01-012026-03-31RelatedPartyTransactionDomain55400832025-12-31RelatedPartyTransactionDomain55400832026-03-31RelatedPartyTransactionDomain55400832026-01-012026-03-31AuditorDomain15400832026-01-012026-03-31in-capmkt:AuditedMember5400832026-03-31in-capmkt:AuditedMember5400832026-01-012026-03-31in-capmkt:AdjustedMember5400832026-03-31in-capmkt:AdjustedMember5400832026-01-012026-03-31AuditQualification15400832026-01-012026-03-31AuditQualification25400832026-01-012026-03-31AuditQualification35400832026-01-012026-03-31AuditQualification45400832026-01-012026-03-31AuditQualification55400832026-01-012026-03-31AuditQualification6iso4217:INRiso4217:INRxbrli:shares540083TVVISIONNOTLISTEDINE871L01013TV Vision LimitedMain BoardEquity2025-04-012026-03-312026-05-272026-05-22INRLakhsQuarterlyFourth quarterSingle segmentBroadcasting2026-05-2712:15:002026-05-2714:00:00trueCash Flow IndirectStatement on impact of audit qualificationtruetrueNANAfalsetrue2026-05-04https://www.tvvision.in/desclosure.phpfalsefalseNot Applicable2026-01-012026-03-31AuditedStandalone1547000140000168700076110000019220009590003629700088390000135179000-1334920000-1334920002000020000-1334940000000-1334940000-13349400038744500010-3.45-3.4500-3.45-3.451. The above Standalone & Consolidated Audited Financial Results of the Company have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on Wednesday, May 27th, 2026. The Statutory Auditors have carried out the Audit of these Standalone & Consolidated Audited Financial Results for the quarter and year ended March 31, 2026 and the same are made available on website of the company <BR> www.tvvision.in and website of BSE Limited www.bseindia.com and National Stock Exchange of India Limited on www.nseindia.com where shares of the Company are listed. <BR> <BR> 2. The Standalone & Consolidated Audited Financial Results for the quarter and Year ended March 31, 2026, have been prepared in accordance with recognition and measurement principles laid down in the Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. <BR> <BR> 3. The Company is operating in a single segment viz. Broadcasting. Hence the results are reported on a single segment basis. <BR> <BR> 4. The account of the company has been classified as non-performing asset by banks in the previous financial years and the banks have not charged the interest / reversed the unpaid interest charged from the date the account has been classified as non-performing. No provision has been made in the books of accounts maintained by the Company for interest / penal interest, if any, on these term loans for the quarter and year ended March 31, 2026 and in previous financial years. Further, no provision for interest / penal interest, if any, on such term loans has been made in books of accounts, from the date the account of the Company has been classified as non- During the year ended March 31, 2026, the Company has received a copy of a petition filed by one of its creditors before the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench. The impact, if any, of the said petition on the financial results of the Company for the year ended March 31, 2026 is presently unascertainable. <BR> <BR> 5. During the year ended March 31, 2026, the Company has received a copy of a petition filed by one of its creditors before the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench. The impact, if any, of the said petition on the financial results of the Company for the year ended March 31, 2026 is presently unascertainable. <BR> <BR> 6. Previous year’s/ period’s figures have been re-grouped / re-arranged / reclassified / reworked wherever necessary to conform with the current year accounting treatment.2025-04-012026-03-31AuditedStandalone14150900014000014164900016006000000229390003423000147417000152530000486369000-3447200000-3447200002000020000-3447220000000-3447220000-344722000387445000101829994000-8.9-8.900-8.9-8.9Other Expenses88390000Other Expenses15253000000001250390000003312000000162000331362000042045000498446000000649000001080700011456000023400001379600000512242000387445000-1829994000-1442549000-14425490000000000002926900006062620006062620001070049000170558000028147000221064000001954791000001954791000512242000Other non-current assets42045000Other Financial Assets10807000Other current assets2340000Other Financial Liabilities1070049000Other current liabilities2814700034230000980920000135024000000000-1996000014741700029900000000000000000382259000375390000002000037537000000000000156000000000000000000000000-1560000000000004295300000342300000-46376000-89950000-89950009643000648000TV Vision Limited******Aashi Neema******Company Secretary and Compliance OfficerRemunerationNot Required450000075000TV Vision Limited******Hemant Patil******Chief Financial OfficerRemunerationNot Required472000079000TV Vision Limited******Santosh Thotam******Chief Financial OfficerRemunerationNot Required35000990000TV Vision Limited******Ravi Adhikari******Chairman and Managing DirectorRemunerationNot Required5100000TV Vision Limited******Sab Events & Governance Now Media Limited******Directors having significant influenceAny other transactionLoan RepaidNot Required2656000003664000AuditedQualified opinionM/s. P. Parikh & Associatestrue2028-02-291416490001416490004863690001204166000-344720000-10625170008.9-27.425122430005600400019547920002216350000-1442549000-2160346000Non Provision of Interest on loan: <br></br> <br></br> i) During the financial year 202526, the Company received a copy of a petition filed by Punjab National Bank (PNB), one the secured lenders of the Company, before the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench under Section 7 of the Insolvency and Bankruptcy Code, 2016 seeking initiation of Corporate Insolvency Resolution Process (CIRP) against the Company. As per the said petition, the amount claimed by PNB and outstanding from the Company as on December 31, 2025 is Rs. 294.43 crores, whereas the outstanding balance appearing in the books of account of the Company as on March 31, 2026 is Rs. 98.94 crores. The difference of Rs.195.50 crores primarily represent interest not recognized by the Company in the current and earlier financial years which also includes interest of Rs.26.16 crores pertaining to the financial <br></br> year 202526 from April 1, 2025 to December 31, 2025. <br></br> <br></br> Consequently, finance costs for the year ended March 31,2026 are understated by at least Rs.26.16 crores and accumulated losses/other equity and financial liabilities as at March 31, 2026 are understated by at least Rs.195.50 crores. The impact, if any, arising on account of interest for the period January 1, 2026 to March 31, 2026 could not be determined. <br></br> <br></br> Further, such loan outstanding balances of all secured lenders as per the books of accounts are subject to confirmation / reconciliation with the balances as per banks as on March 31, 2026.Qualified opinionRepetitiveThe documents upon which the Company relies for the purpose of finalisation of accounts doesnt indicate charge of any interest/ penal interest. <br></br> <br></br> Accordingly, no provision is made in the Profit and Loss account of the Company.NANANAii. Non Provision for Impairment of Investment in associate and subsidiary company. <br></br> <br></br> No provision for dimunition in value of investment is made in the books of accounts as on March 31, 2026 even though the fair value of Investment of the Company of Rs. 300 Lakhs in Equity Shares of the Companys Subsidiary Companies i.e. HHP Broadcasting Services Private Limited, MPCR Broadcasting Service Private Limited, UBJ Broadcasting Private Limited and Rs. 3,012 Lakhs in Companys Associate Company i.e. Krishna Showbiz Services Private Limited, is lower than their cost of acquisition. The loss for the quarter and year ended March 31, 2026 is understated and non-current investments of the Company as on March 31, 2026 are overstated to that extent.Qualified opinionRepetitiveThough the present value of Investment of the Company of Rs. 3,00,00,000 in Equity Shares of the Companys Subsidiaries i.e. HHP Broadcasting Services Private Limited, MPCR Broadcasting Service Private Limited, UBJ Broadcasting Private Limited and Rs. 30,12,00,000 in Companys Associate i.e. Krishna Showbiz Services Private Limited, is lower than their cost of acquisition, management is of the opinion that keeping in view their long term business synergy and potential, no provision for diminution in value of investment is made as on March 31, 2026.NANANAiii. Impairment in the value of intangible business and commercial rights and channel <br></br> development cost. <br></br> <br></br> The aggregate carrying value of Business and Commercial Rights in the books of the Company as on March 31, 2026 is Rs. 1,250.39 Lakhs. There is no revenue generation from monetization of these assets during the quarter and the year ended March 31, 2026 due to which the Company has incurred substantial losses during the quarter and year ended March 31, 2026 and previous financial years. There is a strong indication of impairment in the value of these Business and Commercial Rights and therefore we are of the opinion that the impairment loss of Rs. 1,250.39 Lakhs should be provided on all such assets in the books of accounts of the Company as on March 31, 2026. The assets of the Company are overstated and net loss for the quarter <br></br> and the year ended March 31, 2026 is understated to that extent. <br></br> Qualified opinionRepetitiveThe Management of the company does not anticipate any impairment in the value of Intangible Business and Commercial Rights and related media assets as management consider that Rights, assets can be commercially exploited in different ways to generate the revenue. Management is in continuous process of generating revenue from exploitation of rights in different ways. Management estimates that decline in revenue in recent past is temporary in nature which have potential to get regularized in near future. Management further estimates that the said assets, during their useful life, will be able to generate discounted cash flow at least equal to the present value of rights, assets in the books. The nature of assets is such that revenue generated from it is unevenly spread during the useful life of assets. The company is in process of forming a technical team of <br></br> experienced persons to estimate the value in use.NANANAiv. The Company has not provided for Interest expenses on late payment of Carriage Fees and other Operational Cost payable to various vendors whose balances are outstanding as on March 31, 2026 which needs to be accounted as per the applicable Indian Accounting Standards as the same is payable to the vendors as per the agreements entered into with them. Further, the working for such interest expenses on late payment of such expenses has not been made by the Company, due to which the exact amount of provision for interest cannot be ascertained as on March 31, 2026. The financial liabilities of the Company and <br></br> net loss for the quarter and year ended March 31, 2026, due to non accounting of provision for interest, are understated to that extent. <br></br> <br></br> Further, the balances of all creditors outstanding as at March 31, 2026, are subject to confirmation, reconciliation. <br></br> <br></br> The impact, if any, arising from non-confirmation on the accounts of the Company is currently unascertainable.Qualified opinionRepetitiveNAThe Company is having strong relations with its vendors since decades and thus had arrived at an amicable settlement as and when needed and hence not been charged any interest on late payment made to the vendors. Further, the year end balances with creditors are generally reconciled.NANAv. Actuarial valuation of leave encashment and gratuity not done as on 31.03.2026 <br></br> <br></br> The Company has not obtained an actuarial valuation of its leave encashment and gratuity obligations as at March 31, 2026, as required under the applicable provisions of Indian Accounting Standards Ind AS relating to employee benefits. In the absence of an actuarial valuation report, we are unable to determine the amount of liability required to be recognized in respect of leave encashment and gratuity and the resultant impact thereof on the financial statements for the year ended March 31, 2026.Qualified opinionWhether appeared first timeNANASince the working of leave encashment and gratuity is currently not prepared, the management is unable to estimate the impact.The working for the same should be prepared by the Company and acturial valuation should be done as on 31-03-2026 on the basis of which impact of the qualification can be quantified in the auditors report of F.Y. 2025-26.vi. Non reconciliation of GSTR 2B with books of accounts for FY 2025-26. <br></br> <br></br> The Company has not carried out reconciliation of input tax credit ITC as appearing in GSTR 2B with the books of accounts for F.Y. 202526. We observed that there are multiple invoices reflected in GSTR 2B which have not been accounted for in the books of accounts of the Company as invoices for the same has not been received by the Company as informed to us by the management. In the absence of detailed invoice wise reconciliation statements and supporting workings prepared by the management, we are unable to determine and quantify the impact of such unreconciled differences on the financial statements for FY 202526. <br></br> <br></br> Qualified opinionWhether appeared first timeNANASince the working of reconciliation of GSTR-2B with books of accounts of the Company for FY 2025-26 is currently not prepared, the management is unable to estimate the impact.The working for the same should be prepared by the Company on the basis of which impact of the qualification can be quantified in the auditors report of F.Y. 2025-26.Ravi Gautam AdhikariHemant Vishwanath PatilMariappanadar SoundarapandianGautam SanghviMumbai2026-05-27