PNC Announces 33rd AGM on Sept 28, FY26 Sees ₹1258.87 Lakh Loss, Netflix Series Success
PNC will hold its 33rd AGM on September 28, 2026. For FY26, the company reported income from operations of ₹3,765.74 lakh and a net loss of ₹1,258.87 lakh. Key highlights include the successful premiere of Netflix's "The Royals" and Amazon Prime's "Four More Shots Please - Season 4". A settlement of ₹255 lakh was received from White Feather Films.
The substantial net loss and an exceptional item write-down indicate a significant financial impact. However, the successful content releases and ongoing development suggest potential for future recovery, balancing the immediate negative impact.
The company reported a significant increase in net loss for the financial year ended March 31, 2026, compared to the previous year, primarily due to an exceptional item. While there were positive developments in content production, the financial performance was negative.
Pritish Nandy Communications Limited (PNC) has announced its 33rd Annual General Meeting (AGM) will be held on Monday, September 28, 2026, at 3:00 PM IST via Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The company's financial results for the year ended March 31, 2026, indicate an income from operations of ₹3,765.74 lakh and a net loss after tax of ₹1,258.87 lakh. This contrasts with a loss of ₹97.14 lakh in the preceding year, primarily due to an exceptional item of ₹1,756.09 lakh.
The company highlighted the global premiere of its Netflix original series, "The Royals," on May 9, 2025, which achieved global top 10 status and was renewed for a second season. Additionally, "Four More Shots Please - Season 4" premiered on December 19, 2025, on Amazon Prime. PNC also entered into a licensing agreement with Shemaroo Entertainment Limited for the global broadcasting and streaming rights of 18 titles for 11 years.
During the year, the company received an arbitration award settlement of ₹255 lakh from White Feather Films (Proprietor Mr Sanjay Gupta) against a total receivable of ₹317.53 lakh, with the remaining ₹62.53 lakh written off. The company also incurred a write-off of ₹47.21 lakh for content development that is no longer viable.
The Directors do not recommend any dividend for the year. The equity shares of the company remain listed on BSE and NSE. PNC Media and Entertainment Limited has two subsidiaries: PNC Digital Limited and PNC Wellness Limited. The company also confirmed that all related party transactions were on an arm's length basis. The Board of Directors has undergone re-appointments and reconstitutions, with certain directors completing or commencing new terms.
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