Cinevista Limited
Incorporated in 1982, Cinevista Ltd is in the business of producing and exhibiting commissioned television programs, feature films, ad commercials, etc. It has also entered in Real Estate business
What Cinevista files
- Others40
- Important13
- Board Meeting7
- Results4
- Dividend/Bonus1
Auditors issued a qualified opinion due to non-impairment of investments and advances in subsidiaries, which would have lowered profit by ₹4.38 Cr. They also noted potential impairment of ₹21.89 Cr intangible assets. Management expects future recovery and monetization.
CINEVISTA's board approved the financial results for the quarter and year. An Annual General Meeting (AGM) has been set, requiring a book closure for shareholders. Investors should watch for detailed results to be published.
Cinevista promoters confirm no shares were encumbered or pledged during the last financial year, and currently hold nil pledged shares. This signals strong promoter financial stability and commitment.
Company's board re-appointed Prem Krishen Malhotra as Whole-Time Director & Sunil Mehta as MD for 3 years. Each will receive ₹0.63 Cr annually, pending shareholder approval. Sarath & Associates proposed as new statutory auditors, replacing the current firm.
Cinevista Limited received approval for 111,519 sq. ft. RERA carpet area from its Joint Development Agreement. This includes 102,649 sq. ft. residential and 8,870 sq. ft. office/shop space, representing the company's 24.5% share, marking progress in the real estate project.