ALPHA TRIBE

Eros International Media LimitedBoard Meeting, 31-07-2025: Outcome of Board Meeting

31-07-2025 | 06:58 pm

Eros International Media's board approved the standalone financial results for the quarter and half-year ended September 30, 2024. For the half-year, the company reported a net loss of ₹11.65 Cr. Critically, its net worth is fully eroded, and current liabilities exceed current assets, raising material uncertainty about its ability to continue operations. The company is actively pursuing measures like asset monetization, cost savings, and debt restructuring. It also faces ongoing investigations from SEBI and the Enforcement Directorate, with significant outstanding receivables from group entities.

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