TV Vision's Board approved Q1 financial results, reporting a consolidated loss of ₹5.19 Cr.
Auditors flagged "material uncertainty" regarding the company's ability to continue as a going concern, citing recalled loans, high liabilities, and negative equity.
The audit opinion is qualified due to significant unprovided items: an estimated ₹3.47 Cr in interest on NPA loans, no impairment on ₹23.53 Cr business rights, and no write-down for ₹33.12 Cr in investments.
These omissions understate losses and overstate assets/liabilities.
The Board also re-appointed an Independent Director and appointed new Secretarial Auditors.
The registered office shifted floors.
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