Sea TV Network's loss widens, auditor flags loan interest gap
Q1 standalone net loss ballooned to ₹50.78 lakh from ₹1.75 lakh a year ago. Auditor says ₹66.49 lakh in interest on unsecured loans wasn't provided, breaching Ind AS 109.
— 1 earlier story on Sea TV Network Ltd. →What's new
- Standalone net loss widened to ₹50.78 lakh from ₹1.75 lakh a year ago.
- Revenue fell 8% to ₹169.71 lakh.
- Auditor flagged non-provision of ₹66.49 lakh interest on unsecured loans of ₹33.83 crore.
- Company secretary Karishma Jain resigned effective 28 July.
Why this matters
For a ₹4 crore market-cap nano-cap, the widening loss is material. The auditor's persistent emphasis on the interest provision gap, a breach of Ind AS 109, points to a recurring compliance issue that, if addressed, would have deepened the reported loss.
What we're watching
- Whether the company provides the ₹66.49 lakh interest provision in upcoming quarters.
- Revenue trajectory down 8% sequentially and 20% trailing.
- Appointment of a new company secretary to replace Karishma Jain.
The full read
Sea TV Network's Q1 FY2026 numbers are a step backward. The standalone net loss widened to ₹50.78 lakh from ₹1.75 lakh a year ago, while revenue slipped 8% to ₹169.71 lakh. The statutory auditor flagged that the company failed to provide ₹66.49 lakh in interest on unsecured loans of ₹33.83 crore, a breach of Ind AS 109 that would have deepened the loss further. The consolidated picture also turned negative: a net loss of ₹44.30 lakh against a profit of ₹22.33 lakh last year. Separately, company secretary Karishma Jain resigned effective 28 July. For a ₹4 crore market-cap nano-cap with declining revenue and a recurring compliance gap, the quarter raises more questions than answers.
Questions answered
- How much did Sea TV Network lose in Q1 FY2026?
- The company reported a standalone net loss of ₹50.78 lakh, widening sharply from a loss of ₹1.75 lakh in the same quarter last year.
- What is the auditor's concern about the unsecured loans?
- The auditor noted that the company did not provide for ₹66.49 lakh in interest on unsecured loans totaling ₹33.83 crore, which violates Ind AS 109. If provided, the loss would have been deeper.
- Has the company secretary resigned?
- Yes, Karishma Jain stepped down as company secretary and compliance officer effective 28 July, citing personal reasons. The company is looking for a replacement.
- How significant is the revenue decline?
- Revenue from operations fell 8% year-on-year to ₹169.71 lakh in Q1 FY2026, continuing a trailing 20% decline.
Sea TV Network Ltd.
Latest quarter · Jun 2026
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All notes on SEATV →- 25 Jul 2026 · 5:37 PM IST Sea TV Network's loss widens, auditor flags loan interest gap
- 3d ago Sea TV's auditor flags ₹66.49 lakh interest gap as losses widen