Eros Media Board Approves Q3 FY26 Unaudited Results; Faces Ongoing SEBI Probe
Eros International Media Limited announced its unaudited standalone and consolidated financial results for Q3 FY26, ending December 31, 2025. The company reported a net loss before tax of ₹3,953 Lakhs for the nine-month period. Significant overdue trade receivables and ongoing SEBI investigations cast doubt on its going concern status. A further hearing concerning SEBI proceedings is scheduled for March 5, 2026.
The company faces substantial financial challenges, including significant losses and overdue receivables. The ongoing regulatory investigations by SEBI and ED, which have cast doubt on the company's going concern status, are critical factors that will significantly impact its future operations and investor confidence.
The announcement details significant financial losses, an eroded net worth, and material uncertainties regarding the company's ability to continue as a going concern. Ongoing regulatory investigations by SEBI and the Enforcement Directorate add to the negative outlook.
Eros International Media Limited announced the outcome of its Board Meeting held on February 13, 2026. The Board approved the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. A limited review report from Haribhakti & Co. LLP, the statutory auditors, was also presented.
The meeting, which commenced at 4:15 p.m. and concluded at 6:14 p.m., also addressed other routine business matters. The financial results indicated significant overdue trade receivables from group entities, amounting to ₹15,802 Lakhs from Eros Worldwide FZE, ₹7,749 Lakhs from Eros International Limited UK, and ₹3,377 Lakhs from Eros International USA Inc. The company has made provisions for expected credit loss totaling ₹25,884 Lakhs up to FY 2024-25, with an additional ₹1,043 Lakhs provision in the current period.
Furthermore, the company is involved in ongoing proceedings with the Securities and Exchange Board of India (SEBI) concerning interim ex-parte orders and confirmatory orders. A show-cause notice was issued by SEBI, and the company is responding to it. The matter is listed for further hearing on March 5, 2026. Additionally, the Enforcement Directorate conducted search operations at the company's registered office, concluding on February 5, 2025. The impact of these regulatory investigations on the financial results is currently unascertainable.
The auditor's report highlighted a material uncertainty regarding the company's ability to continue as a going concern, citing a net loss before tax of ₹3,953 Lakhs for the nine months ended December 31, 2025, and an eroded net worth. The company's going concern assumption relies on its ability to raise funds, monetize assets, and recover dues from group entities. In the consolidated results, a loss before tax of ₹5,610 Lakhs was reported for the nine months ended December 31, 2025, with a similar going concern uncertainty. The auditor also noted non-compliance with Ind AS 110 and Listing Regulations due to the non-availability of financial information for one subsidiary, impacting the consolidated figures.
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Eros International Media Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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