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

Diligent Media Corporation's board has approved the financial results for the quarter ended June 30, 2025, reporting a loss of ₹1.89 Cr on ₹0.81 Cr total income. Auditors issued a modified opinion due to uncertainty over ₹173.40 Cr in intercorporate deposits from Veena Investments, currently in arbitration regarding a potential set-off against preference shares. This arbitration outcome is crucial to the company's going concern status. The board also appointed Mr. Chitresh Sehgal as CEO and elevated Ms. Kusum Lata and Ms. Srishty Choudhury to senior management, while proposing Mr. Ronak Jatwala's re-appointment and approving related party transactions, both subject to shareholder approval.