5400832026-01-012026-03-315400832026-03-315400832025-03-315400832025-04-012026-03-315400832026-01-012026-03-31in-capmkt:OtherExpenses1Member5400832025-04-012026-03-31in-capmkt:OtherExpenses1Member5400832026-03-31OtherCurrentLiabilitiesDomain15400832026-03-31OtherCurrentLiabilitiesDomain25400832026-03-31OtherNoncurrentAssetsDomain15400832026-03-31OtherCurrentAssetsDomain15400832026-03-31OtherCurrentAssetsDomain25400832026-01-012026-03-31AuditorDomain15400832026-01-012026-03-31in-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 qualification2026-01-012026-03-31AuditedConsolidated1547000283000183000076110000019220009590003629700087977000134766000-1329360000-1329360000-132936000000-132936000000-13293600000-13293600038744500010-3.43-3.431. The above Standalone and 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 and Consolidated Audited Financial Results for the quarter and year ended March 31, 2026 and the same are made available on website of the company 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 and 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 or 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 or 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 performing in the books of those banks. <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 or period’s figures have been re-grouped or re-arranged or reclassified or reworked wherever necessary to conform with the current year accounting treatment.2025-04-012026-03-31AuditedConsolidated14150900098100014249000016006000000229390003423000147417000153530000487369000-3448790000-3448790000-344879000-150000-15000-344864000000-34486400000-34486400038744500010-2169999000-8.9-8.9Other Expenses87977000Other Expenses153530000387445000-21699990000-17825540000000000029269000061416200061416200010982020002216060001963239000180685000001250390000001250390000001620004204500016724600000151000843000001244500013439000180685000The documents upon which the Company relies for the purpose of finalisation of accounts doesnt indicate charge of any interest, penal interest. <BR> <BR> Accordingly, no provision is made in the Profit and Loss account of the Company.Other Financial Liabilities1070049000Other Current Liabilities28153000Other Non-Current Assets42045000Other Financial Assets9852000Other Current Assets25930003423000147417000299000000000015113900009794100013585700020205000-23058000023094500038208400037205000000695000036510000003651000000000000015600000000000000-15600000-1560000000429530000342300000-4637600000-46376000-100220000-1002200010863000841000AuditedQualified opinionM/s. P. Parikh & Associatestrue2028-02-29142490000142490000487368000873965000-344878000-731475000-8.9-18.881806850005564600019632390002224797000-1782554000-2169151000i. Non Provision of Interest on loan <br></br> <br></br> 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 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. 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.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 <br></br> is unevenly spread during the useful life of assets. The company is in process of forming a technical team of experienced persons to estimate the value in use.NILNANAiii. Non provision of interest on late payment of carriage fees and Other operational costs as on <br></br> March 31, 2026 <br></br> <br></br> 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 net loss for the quarter and year ended March 31, 2026, due to non accounting of provision for interest, are understated to that <br></br> extent. <br></br> <br></br> Further, the balances of all creditors outstanding as at March 31, 2026, are subject to confirmation, reconciliation. 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.NANAiv. 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 encashmentThe 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 <br></br> report of F.Y. 2025-26.v. 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.Qualified opinionWhether appeared first timeNANASince the working of reconciliation of GSTR 2BThe 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.vi. Non-reconciliation of GSTR 2B with books of accounts for FY 2025-26. <br></br> <br></br> The Company has trade creditors amounting to Rs. 78.44 Lakhs outstanding as at 31 March 2026, which have remained unpaid since 2017. The Company has not provided for interest on such overdue balances, which is required to be considered in accordance with the requirements of applicable Indian Accounting Standards, including the principles prescribed under IND AS 109, where applicable. Further, the Company has not maintained any working for the computation of interest liability payable on such outstanding balances as at 31 March 2026. In the absence of such computation and supporting documentation and in the absence of confirmation from the vendors as on 31 March 2026, we are unable to quantify the impact of the resultant <br></br> liability and its consequential effect on the financial statements of the Company for the year ended 31 March 2026.Qualified opinionWhether appeared first timeNAThe 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.NANARavi Gautam AdhikariHemant Vishwanath PatilMariappanadar SoundarapandianGautam SanghviMumbai2026-05-27