Radaan Mediaworks India Limited Board Approves Audited FY26 Financial Results; Reappoints Internal Auditors
Radaan Mediaworks India Limited's Board approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. M/s. V. Padmaja & Associates were re-appointed as Internal Auditors for FY 2026-27. Auditors noted a material uncertainty regarding the going concern due to eroded net worth and statutory dues of ₹355.81 Lakhs.
The qualified opinion from auditors and the 'material uncertainty relating to going concern' statement directly impact the company's financial health perception and investor confidence, suggesting potential long-term viability issues.
The auditor's report indicates a material uncertainty regarding the company's ability to continue as a going concern due to eroded net worth, liquidity crunch, and unpaid statutory dues, which are significant negative factors.
Radaan Mediaworks India Limited announced the outcome of its Board Meeting held on May 29, 2026. The Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, along with the auditor's report.
Additionally, the Board approved the re-appointment of M/s. V. Padmaja & Associates as the Internal Auditors of the Company for the Financial Year 2026-27. The meeting commenced at 5:00 p.m. and concluded at 7:15 p.m. The audited financial results will also be available on the company's website, www.radaan.tv.
The independent auditor's report highlighted a qualified opinion for both consolidated and standalone results. A material uncertainty concerning the going concern basis was noted due to the erosion of net worth, excess of current liabilities over assets, and outstanding statutory dues of ₹355.81 Lakhs as of March 31, 2026. The company, however, expressed confidence in meeting its obligations. The report also drew attention to the company's investments and loans to its wholly-owned subsidiary, Radaan Media Ventures Pte Ltd.
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