Board approves Q2 and H1 results with unmodified review opinion, postal ballot on Independent Director re-appointment
Board meeting of November 2, 2026 approved unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026, with limited review reports carrying an unmodified opinion.
By ScoutQuest · · 3 min read
- Standalone Revenue from Operations (Q2)
- 2,032.00 (₹ in lakh)
- Standalone Net Profit for the Period (Q2)
- 69.94 (₹ in lakh)
- Auditor Emphasis of Matter - Note 2
- recovery of Rs 1.5 crores of advances is in court and no provision is made
Board meeting outcomes at a glance
PNC Media and Entertainment Ltd (formerly Pritish Nandy Communications Ltd) held its board meeting on November 2, 2026 and approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, along with the limited review reports of statutory auditors B. D. Jokhakar & Co. The board also cleared a postal ballot seeking shareholder approval for an Independent Director re-appointment.
The results
- "Revenue from operations" for the quarter was 2,032.00 (₹ in lakh), the same on standalone and consolidated basis.
- Standalone "Total income" for the quarter was 2,067.08 (₹ in lakh); consolidated "Total income" was 2,067.40 (₹ in lakh).
- "Net profit for the period" for the quarter was 69.94 (₹ in lakh) standalone and 69.90 (₹ in lakh) consolidated.
- For the half year, standalone "Net profit/(loss) for the period" was (7.18) (₹ in lakh), so the two quarters taken together came in slightly below break-even.
- In the segment statement, the content segment accounts for almost all of the revenue, with the wellness segment small.
Auditor's review conclusion
The statutory auditors issued limited review reports with an unmodified opinion, which means they did not qualify the numbers. They drew attention to Note 2, about proceedings the company has initiated to recover advances of Rs 1.5 crores from Saboo Films Pvt Ltd and Bharat Film Works, and about the company's appeal in the Bombay High Court seeking recovery from both defendants. Management considers the amount good and fully recoverable, and consequently no provision has been made in the accounts. The auditors stated that their opinion is not modified in respect of this matter.
The postal ballot
- The board approved the re-appointment of Ms Neerja Shah (DIN: 02323647) as an Independent Director for a second consecutive term of five years, from February 23, 2027 to February 22, 2032, and she will continue in office notwithstanding that she attains the age of 75 years during the proposed tenure. The item is proposed as a special resolution.
- Mr Vinayak N Deodhar of V.N. Deodhar & Co., Practicing Company Secretaries, has been appointed as Scrutinizer for the postal ballot process.
- Remote e-voting runs from 9:00 AM on Wednesday, November 4, 2026 to 5:00 PM on Thursday, December 3, 2026. The cut-off date is Friday, October 30, 2026, and the results are to be declared on or before Saturday, December 05, 2026.
How a retail reader can look at it
This is a quarterly outcome update. The quarter's standalone figures are positive, while the combined half year is not, so the reader can compare the two periods rather than reading one in isolation. The auditors' emphasis of matter concerns money already advanced that is now the subject of court proceedings; it is a disclosure the auditors have flagged, and their opinion itself is unmodified. The postal ballot is a governance step in which shareholders decide on the Independent Director's second term.
Also from PNC Media and Entertainment
Independent director re-appointed for a second five-year term; shareholders to vote by postal ballot
2 Nov 2026
PNC Media and Entertainment Ltd press release, Q2 FY27
2 Nov 2026
Board meeting on November 2 to approve Q2 and H1 results, Postal Ballot and Independent Director re-appointment
23 Oct 2026
More numbers
- Standalone Revenue from operations, quarter ended September 30, 20262,032.00 (₹ in lakh)
- Standalone Total income, quarter ended September 30, 20262,067.08 (₹ in lakh)
- Consolidated Total income, quarter ended September 30, 20262,067.40 (₹ in lakh)
- Standalone Net profit for the period, quarter ended September 30, 202669.94 (₹ in lakh)
- Consolidated Net profit for the period, quarter ended September 30, 202669.90 (₹ in lakh)
- Standalone Net profit/(loss) for the period, half year ended September 30, 2026(7.18) (₹ in lakh)
- Advances under recovery proceedings (Saboo Films, Bharat Film Works)Rs 1.5 crores
- Independent Director re-appointment termfive years
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