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

The company's board has approved the financial results for the quarter, reporting a net loss of Rs 1.89 Cr on revenue from operations of Rs 0.79 Cr. Auditors issued a modified opinion primarily due to uncertainty over the recoverability of Rs 173.40 Cr in inter-corporate deposits. The board has also approved the appointment of Mr. Chitresh Sehgal as Chief Executive Officer and the re-appointment of Mr. Ronak Jagdish Jatwala as Non-Executive, Non-Independent Director, both subject to shareholder approval. Material related party transactions were also approved and put forward for shareholder consideration. The company faces a material uncertainty regarding its ability to continue as a going concern due to accumulated losses.