Diligent Media Corporation Limited — Others, 30-07-2025: Appointment

Diligent Media Corporation's Board approved its financial results for the quarter ended June 30, 2025, reporting a revenue of 0.79 Cr and a net loss of 1.89 Cr. Auditors issued a modified opinion due to uncertainty over the recoverability of Inter-Corporate Deposits (ICDs) of 173.40 Cr owed by an associate, which impacts the company's going concern status. The Board also approved the appointment of Mr. Chitresh Sehgal as CEO and the elevation of Ms. Kusum Lata and Ms. Srishty Choudhury to Senior Management. Shareholder approval will be sought for the re-appointment of Mr. Ronak Jagdish Jatwala as a Non-Executive Director and for certain related party transactions. The 20th Annual General Meeting will be held on August 26, 2025.