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Sambhaav Media Ltd

| Quarterly Financial Results Q3 FY 2025-26

NEUTRAL SENTIMENT

Report Source

27th Jan 26

Summary : Sambhaav Media reported mixed Q3 FY26 results with ongoing income tax uncertainty, while increasing stake in an associate company.

Quarterly Report Analysis & Insights

Financial Disclosures

  1. Cost of materials consumed, broadcasting expenses, employee benefits.
  2. Finance cost, depreciation, and other expenses.
  3. Standalone Q3 FY26 Revenue from operations: 1,018.49 Lakhs.
  4. Consolidated Q3 FY26 Revenue from operations: 1,128.58 Lakhs.
  5. Segment Revenue: Media and Allied Business, Technology and Allied Business.
  6. Potential impact from income tax assessment proceedings is uncertain.
  7. Standalone Total Assets (31/12/2025): 9,760.96 Lakhs.
  8. Consolidated Total Assets (31/12/2025): 9,856.29 Lakhs.
  9. Standalone Total Liability (31/12/2025): 1,389.99 Lakhs.
  10. Consolidated Total Liability (31/12/2025): 1,355.11 Lakhs.
  11. Gujarat News Broadcaster Private Limited became an associate company.
  12. Both standalone and consolidated results presented.
  13. Consolidated includes subsidiary and associate company.

Corporate Overview

  1. Registered office in Ahmedabad, India.
  2. Associate company Gujarat News Broadcaster Private Limited.
  3. Income-Tax Department search operation on company premises.
  4. Engaged in print media, audio video media.
  5. Also involved in Technology and Allied Business.
  6. Factual and compliant with regulatory requirements.
  7. Media and Allied Business
  8. Technology and Allied Business
  9. Converted investments into GNBPL equity, increasing stake to 36.85%.

Risk Factors

  1. Income tax search operation ongoing.
  2. Uncertain impact of tax assessments.
  3. Finalization of new labor code rules.

Key Drivers

  1. Increased stake in GNBPL to 36.85%.
  2. GNBPL now an associate company.
  3. New Labour Codes implementation.

Auditor’s Report

  1. Unmodified limited review report.
  2. Highlighted Income-Tax Department search operation and uncertain impact.

Board Commentary

  1. Income tax search operation and its uncertain financial impact.
  2. Income-Tax Department search operation and assessment notices.
  3. Implementation of New Labour Codes by Government of Gujarat.
  4. Conversion of preference shares and debentures into GNBPL equity.

Corporate Governance

  1. Audit Committee reviewed and approved financial results.
  2. Income tax search operation on promoters and key employees.

Management Discussion & Analysis

Operational Focus Areas

  1. Monitoring finalization of New Labour Codes rules.

Performance Drivers

  1. Revenue from Media and Allied Business.
  2. Revenue from Technology and Allied Business.

Risk Control Measures

  1. Company filed necessary response and/or appeal for tax matters.
  2. Management believes tax matters unlikely to significantly impact current results.

Critical Risks

  1. Uncertain impact of Income-Tax assessment proceedings.