Picturehouse Media Ltd — Important, 27-07-2026: Company Update

p p Picturehouse Media Limited

Date: - 27t July 2026

To,

BSE Limited

Corporate Relationship Department

Phiroze Jeejeebhoy Towers,

Dalal Street,

Mumbai- 400 001.

BSE — Scrip Code: 532355

Dear Sir/Madam,

Sub: Filing of Corrigendum to the Financial Results

Ref: Financial Results submitted by the Company on 29t May 2026

With reference to the above, and pursuant to the queries raised by the Stock

Exchange in relation to the Financial Results submitted by the Company on 29" May

2026, we are hereby filing this Corrigendum to the said Financial Results.

We request you to kindly take the same on record.

Thanking You,

Yours Faithfully,

For Picturehouse Media Limited

Prasad V Potluri

Managing Director

Regd. Office: KRM Contre 9th Floor No. Chennai - 600 031 T: +91 44 3028 557!

CIN: L92191TN2000PLCO44077

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Picturehouse Media Limited

Statement on Impact of Audit Qualifications for the Financial Year ended March 31, 2026 on Standalone Financial Statement

Particulars Audited Figures in lakhs Audited Figures in lakhs (as reported before adjusting for (as reported after adjusting for

qualifications) qualifications)

Turnover/Total Income 564.1! 564.1!

Total Expenditure 517.69 517.69

Net Profit/(Loss) after tax 47.63 47.63]

Earnings per share (in Rs.) 0.09) 0.09

Total Assets 9015.46) 9015.46]

Total Liabilities 13040.23] 13040.23

Net Worth -4024.77) -4024.77

Any other financial item(s) (as felt

appropriate by the management

S.No 1

Details of Audit QualificationDetails of Audit Qualification 1.Attention s invited to note no. 3 to the Notes to Standalone Audited Financial

Results, in relation to inventory i.e., films production expenses amounting to Rs.

3017.94 Lakhs, consists of advances granted to artists and co-producers. As represented by the Management the film production is under progress with

respect to production of 4 movies costing Rs 138.09 lakhs. In respect of the

balance inventory of Rs 2,879.83 lakhs the

Board is confident of recovering the amount from the production houses. In the

absence of documentary evidence as well as the confirmation of balance from

the parties relating to the status of the inventory amounting to Rs 2,879.83 lakhs,|

we are unable to agree with the views of the Board. We are of the opinion that

realization of inventories is doubtful but we are also unable to decide the

quantum of loss that may arise on account of write down of inventory

Type of Qualification Qualified Opinion

Frequency of Qualification Eighth Time

For Audit Qualification(s) where impact is quantified by the

Auditor, Management Views NA

If management is unable to estimate the impact, reasons

for the same

The company is evaluating options for optimal utilization of these payments in

production and release of films. Accordingly, the company is confident of realising the entire value of ‘expenditure on films under production'. The

management does not foresee any erosion in carrying value

Auditors Comments No further comments

900

Picturehouse Media Limited.

Corp. Office: Plot No. 83 & 84 4th Floor Punnaich Plaza Road No 2

Banjara Hills Hyderabad - 500 034 T: +91 40 6730 9999 F: +91 40 6730 9988

Regd. Office: KRM Cantre 9th Floor No.2 Harrington Road

Chennai - 600 031 T +91 44 3028 5570 F: +91 44 3023

info@pvpglobal.com | pvpcinema.com

CIN: L92191TN2000PLC0O44077

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Picturehouse Media Limited

S.No 2

Details of Audit QualificationDetails of Audit Qualification 2.Investment in wholly owned subsidiary viz. PVP Capital Limited, Chennai

(PVPCL) (note no. 4 to Notes to Standalone Audited Financial Results)

The subsidiary’s net worth stands at Rs. 616.19 lakhs (negative) as at 31.03.2026.

The possibility of liberal cash flow is dim. The company has had its Certificate of

Registration as a Non-Banking Financial Institution (NBFC) cancelled by the Reserve Bank of India (RBI), and the company has surrendered its registration as

an NBFC. he company’s net worth has been fully eroded, it has defaulted on

repayment of loans from banks, and

statutory dues to the Government have not been remitted. Additionally, the

subsidiary is not in to the main business activity from last three years. However,

the Board of Picturehouse Media Limited considers that no impairment provision

is necessary for the investment of Rs. 2,521.74 lakhs in PVP Capital Limited, citing| potential future cash flows and the possibility of recovering dues from

borrowers. We do not agree with this view, as it remains difficult to assess the

extent of the erosion in value and the resulting loss. Consequently, we are unable]

to form a definitive opinion on the adequacy of the carrying value of the

investment, and our opinion is qualified in this respect.

Type of Qualification Qualified Opinion

Frequency of Qualification Eighth Time

For Audit Qualification(s) where impact is quantified by the Auditor, Management Views

NA

If management is unable to estimate the impact, reasons

for the same

Picturehouse Media Limited is of the opinion that the carrying amount of

investment in PVPCL viz. Rs. 2,521.74 lakhs do not require a write down

considering its future cash flows and possibility of recovering its dues from its

borrowers.

Auditors Comments No further comments

Prasad V. Potluri Managing Director

Date : May 29, 2026

Place : Hyderabad

ForRPSV&Co,

Chartered Accountants Firm’s Registration Number:

00131515

0 Purandhar

Partner

Plcturehouse Media Limited.

Corp. Office: Plol No. 83 & 84 41h Floor Punnaich Plaza Road No 2 Banjara Hills Hyderabod - 500 034 T: +91 40 6730 9999

F: +91 40 6730 9988

Regd. Office: KRM Centro 9th Floor No.2 Harringfon Road Chatpat

Chennai - 600 031 T: +91 44 3028 5570 F: +91 44 3028 5571 info@pvpglobal.com | pvpcinema.com

CIN: L92191TN2000PLC044077

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Picturehouse Media Limited

Statement on Impact of Audit Qualifications for the Financial Year ended March 31, 2026 on Consolidated Financial Statement

Particulars

Audited Figures in lakhs. (as reported after adjusting for

qualifications)

Audited Figures in lakhs.

(as reported before adjusting for qualifications)

Turnover/Total Income 1,987.67 1,987.67

Total Expenditure 193037} 193037

Net Peofit/{Loss) after tax 57.24| 57.24]

Earnings per share (in Rs.) 0.11] 0.11]

Total Assets 29144.47) 29144.47]

Total Liabilities 35428.94) 35428.94)

[Net Worth -6,284.47 -6,284.47 [Any other financial item(s) (as felt

appropriate by the management

5.No 1

Details of Audit QualificationDetails of Audit [Attention is invited to note no. 1 to the Statement, in relation to inventory i.e., films production

Qualification expenses amounting to Rs. 3,017.94 Lakhs, consists of advances granted to artists and co- producers. As represented by the Management the film production is under progress with

respect to production of 4 movies costing Rs 138.09 [akhs. In respect of the balance inventory of

Rs 2879.83 lakhs the Board is confident of recovering the amount from the production houses. In

the absence of documentary evidence as well as the confirmation of balance from the parties

relating to the status of the inventory amounting to Rs 2879.83 lakhs, we are unable to agree

with the views of the Board. We are of the opinion that realization of inventories is doubtful but

we are also unable to decide the quantum of loss that may arise on account of write down of

inventory.

Type of Qualification [Qualified Opinion Frequency of Qualification Eighth Time

For Audit Qualification(s) where impact is quantified by

the Auditor, Management Views NA

for the same.

| management is unable to estimate the impact, reasons.

The company is evaluating options for optimal utilization of these payments in production and

release of fiims. Accordingly, the parent company is confident of realising the entire value of

-expenditure on films under production’. The management of the parent company does not

foresee any erosion in carrying value

Auditors Comments [No further comments

s.No 2

Details of Audit QualificationDetails of Audit 3] Note No.3 in the financial statements which indicates that the Companies the net worth has

|Qualification completely eroded (negative net worth of Rs. 6,284.47 lakhs) and the Group incurring continuous losses from business operations, existence of adverse key financial ratios, non-payment of

statutory dues and other related factors indicate that there exists material uncertainty that will cast significant

doubt on the Group's ability to continue as a going concern. Our opinion is not modified in

respect of this matter.

Type of Qualification Quahfied Opinion

Frequency of Qualification Eighth Time

For Audit Qualification(s) where impact is quantified by

the Auditor, Management Views NA

Plcturehouse Media Limited.

Corp. Office: Plot No. 83 & B4 4th Floor Punnaioh Plaza Road No. 2 Banjara Hills Hyderabad - 500 034 T: +91 40 6730 9999

F: +91 40 6730 9988

Regd. Office: KRM Contre 9th Floor No. 2 Harrington e Chennai - 600 031 T: +91 44 3028 5570 F: +91 44 30

info@pvpglobal.com | pvpcinema.com

CIN- L92191TN2000PLCO44077

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Picturehouse Media Limited

i management is unable to estimate the impact, reasons

for the same.

Even though, the company I5 incurring continuous losses, it has succeeded in reducing its

operating cost. This is entirely aligned with the Company’s long-range plan, which encompasses a

continued development of the Company’s revenue generating activities in arder to absorb the

losses carried forward and generate profit over a period of time. Further, the lenders have

extended their confidence by advancing finance and extending the time period of repayment.

There is nointention to liquidate as the Company has got future to improve its revenue. The

Company has paid advance amounts to the artistes and technicians for the future movies

productions which are shown under Inventory. Further, the company intends to strategically

merge with its holding company which will create positive synergy in future. The standalone

financial results have been prepared on a going concern basis based on cumulative input of the

available movie projects in pipeline and risk mitigating factors.

[Auditors Comments No further comments

5.No 3

Details of Audit QualificationDetails of Audit

Qualification

[The independent auditor of the subsidiaries has drawn a qualified conclusion and Disclaimer of

Opinion with respect to internal financial control over financial reporting. The same is

reproduced s follows:

PVP Capital Limited, Chennai

3) The Company has not filled the appointment of Company Secretary (KMP) as per section 203

of the company’s act 2013, Rule 8A of the Act. Default of the mandatory requirement will result

the penalties to the company and Directors.

b} The Company's inability to meets its financial requirements, non-payment of statutory dues,

absence of visual cash flows, the pending legal out comes and liquidity constraints which doubts

the ability of the company

PVP Cinema Limited, Chennai

2} The financial statements which indicates that the Company has accumulated losses and its net

worth is fully eroded, the Company has incurred loss during the current and previous year(s) and

the Company's current liabilities exceeded its current asset as at the balance sheet date. These

conditions indicate the existence of a material uncertainty that may cast sign ficant doubt about

the Company's ability to continue as going concern. Our opinion is not modified in respect of

this matter.

Type of Qualification Qualified Opinion Frequency of Qualification Eighth Time.

For Audit Qualification(s) where impact is quantified by

the Auditor, Management Views NA

[ management is unable o estimate the impact, feasons

for the same

Management has evaluating the action plans to realize the dues to the company and settlement

the existing vendors. Hence management is of the view that the financial statements shall

continue to be prepared on the assumption that the company is a going concern. The

management is taking all efforts to appoint a suitable candidate for the position of CFO and CS.

[Auditors Comments [No further comments

Prasad V. Potluri Managing Director

Date : May 29, 2026

Place : Hyderabad

N N

ForRPSV&Co,

Chartered Accountants

Firm's Reglstration NumbegX S.

0 purandhar Partner

Plcturehouse Media Limited.

Corp. Office: Plot No. 83 & 84 41h Floor Punnoioh Ploza Road No. 2

Banjora Hills Hyderabad - 500 034 T: +91 40 6730 9999

F: +91 40 6730 9988

Regd. Office: KRM Centre 9th Floor No. 2 Harringlon Road Chetpet

Chonnai - 600 031 T: +91 44 3028 5570 F: +91 44 3028 5571

info@pvpglobal.com | pvpcinema.com

CIN: L92191TN2000PLC044077

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