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

Diligent Media's board approved the financial results for the quarter, reporting a net loss of Rs 1.89 Cr. Auditors issued a qualified opinion due to uncertainty over recovering Rs 173.40 Cr in inter-corporate deposits. This, combined with accumulated losses, raises significant concerns about the company's ability to continue as a going concern.

Key leadership changes were announced: Mr. Chitresh Sehgal is appointed CEO, and Ms. Kusum Lata and Ms. Srishty Choudhury are elevated to Senior Management, all effective August 1. Mr. Ronak Jagdish Jatwala's re-appointment as Non-Executive Director was also approved, subject to shareholder consent at the AGM on August 26.