Cinevista Limited — Board Meeting, 30-05-2025: Outcome of Board Meeting
30-05-2025 | 08:29 pm
30-05-2025 | 08:29 pm
Cinevista Limited has announced a board meeting on the approval of the financial results for the quarter and half-year. Consolidated revenues were ₹11.68 Cr, but the company reported a consolidated net loss of ₹31.62 Cr, mainly due to ongoing challenges in its media segment. The real estate business showed strength with a profit before tax of ₹7.04 Cr. The board approved appointing Manthan Negandhi & Co. as Secretarial Auditors for five years, pending shareholder approval. Management is hopeful about monetizing intangible assets and recovering subsidiary investments despite audit concerns.
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