Picturehouse Media Ltd — Others, 20-08-2025: Result

Picturehouse Media's board has approved its Q1 financial results for the quarter ended June 30, 2025, reporting a standalone loss of 0.02 Cr and a consolidated profit of 0.017 Cr. Auditors have raised significant concerns, highlighting doubts about the recoverability of film production expenses totaling 28.63 Cr. They also questioned the lack of impairment provision for a 25.22 Cr investment in a subsidiary with negative net worth and a canceled NBFC license. Furthermore, auditors expressed material uncertainty regarding the company's and group's ability to continue as a 'going concern' due to substantial negative net worth and ongoing losses. A new secretarial auditor was appointed for five years, subject to shareholder approval.