Diligent Media Corporation Limited — Board Meeting, 30-07-2025: Outcome of Board Meeting

DNAMEDIA's board meeting held on July 30, 2025, reviewed Q1 FY25 financial results, reporting a net loss of ₹1.89 Cr on revenues of ₹0.79 Cr. Auditors issued a modified opinion, flagging uncertainty over a ₹173.40 Cr inter-corporate deposit (ICD) under arbitration with Veena Investments. The board approved the appointment of Mr. Chitresh Sehgal as CEO from August 1, 2025, and elevated other key management personnel. Shareholders will also vote on a director's re-appointment and material related party transactions. The 20th Annual General Meeting is scheduled for August 26, 2025. The auditors also noted a material uncertainty regarding the company's ability to continue as a going concern.