🔍

CREATIVEYE - Creative Eye

📊 NSE: CREATIVEYE 🏢 Entertainment / Electronic Media Software 📅 Last Updated: 12/13/2025 21:13

📢 Recent Corporate Announcements

Creative Eye Board Approves Delayed Financial Results for Sept 2025 and Dec 2024

🔵 WATCH ⭐ 6/10

BOARD_MEETING 📅 05 Mar 2026, 02:35 PM

Creative Eye Limited held a board meeting on February 17, 2026, to approve financial results for multiple past periods. The board cleared the standalone un-audited results for the quarter and half-year ended September 30, 2025, along with the statement of assets and liabilities. Notably, the board also approved results for the quarter and nine months ended December 31, 2024, which appear to be significantly delayed. Statutory auditors have issued limited review reports for all the aforementioned periods.

Approval of Standalone Un-audited Financial Results for the quarter and half-year ended September 30, 2025.
Approval of Standalone Un-audited Financial Results for the quarter and nine months ended December 31, 2024.
Statutory Auditors issued Limited Review Reports for both the 2024 and 2025 reporting periods.
The board meeting concluded after approximately 3 hours and 20 minutes of deliberation.
The delayed approval of 2024 results alongside 2025 results suggests a regulatory catch-up by the company.

💡 Investors should carefully examine the specific financial data once the full results are uploaded to understand the company's fiscal health and the reasons behind the reporting delays. The backlog in financial reporting is a point of concern that requires further investigation into the company's internal controls.

Creative Eye Approves Delayed Financial Results for Sept 2025 and Dec 2024

🔵 WATCH ⭐ 6/10

EARNINGS 📅 17 Feb 2026, 03:43 PM

Creative Eye Limited's board met on February 17, 2026, to approve overdue financial statements. The board cleared standalone unaudited results for the quarter and half-year ended September 30, 2025, along with the cash flow statement. Furthermore, the results for the quarter and nine months ended December 31, 2024, were also approved. This catch-up in reporting suggests the company is addressing significant compliance backlogs.

Approved standalone unaudited financial results for the quarter and half-year ended September 30, 2025.
Approved standalone unaudited financial results for the quarter and nine months ended December 31, 2024.
Limited Review Reports from Statutory Auditors were received for both reporting periods.
The board meeting lasted approximately three hours and twenty minutes to conclude these approvals.

💡 Investors should carefully review the detailed financial statements for any auditor qualifications and the reasons behind the significant reporting delays. Exercise caution as delayed filings can be a sign of internal control weaknesses.

Creative Eye Approves Financial Results for Sept 2025 and Dec 2024 Quarters

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 17 Feb 2026, 03:38 PM

Creative Eye Limited's board met on February 17, 2026, to approve financial results for multiple past periods, indicating a catch-up on regulatory filings. The board approved standalone unaudited results for the quarter and half-year ended September 30, 2025. Simultaneously, results for the quarter and nine months ended December 31, 2024, were also cleared. This suggests a significant delay in the company's standard reporting timeline which is now being addressed through these approvals.

Approved standalone unaudited financial results for the quarter and half-year ended September 30, 2025.
Approved standalone unaudited financial results for the quarter and nine months ended December 31, 2024.
Statutory Auditors issued Limited Review Reports for both the 2024 and 2025 reporting periods.
The board meeting was conducted at the Mumbai registered office and concluded at 3:20 P.M.

💡 Investors should carefully examine the detailed financial statements for both periods to identify any underlying operational issues that caused the reporting delays. Exercise caution until the company demonstrates a return to a regular, timely reporting schedule.

Creative Eye Appoints Sanjay Rane as Director; Resignation of Independent Director Madan Gosavi

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 16 Feb 2026, 01:59 PM

Creative Eye Limited has announced a restructuring of its board following the resignation of Independent Director Mr. Madan B. Gosavi on January 30, 2026, due to personal reasons. To fill the vacancy, the board appointed Mr. Sanjay Rane, a finance professional with over 30 years of experience, as an Additional Non-Executive Director effective February 16, 2026. Mr. Rane has a long-standing history with the company, having previously served as its Accounts Manager for 27 years. Consequently, the company has reconstituted its Audit, Nomination & Remuneration, and Stakeholder Relationship Committees.

Appointment of Mr. Sanjay Rane as Additional Director (Non-executive / Non-Independent) effective Feb 16, 2026.
Resignation of Mr. Madan B. Gosavi as Independent Director and committee member effective Jan 30, 2026.
Mr. Sanjay Rane brings 30+ years of finance experience, including 27 years previously spent at Creative Eye Limited.
Reconstitution of Audit, Nomination & Remuneration, and Stakeholder Relationship Committees to include the new director.

💡 Investors should note the board changes as routine management updates. No immediate action is required as the new appointee brings significant internal experience to the board.

Creative Eye Appoints Sanjay Rane as Director; Independent Director Madan Gosavi Resigns

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 16 Feb 2026, 01:55 PM

Creative Eye Limited has appointed Mr. Sanjay Rane as an Additional Non-Executive Director effective February 16, 2026. This appointment follows the resignation of Independent Director Mr. Madan B. Gosavi, which took effect on January 30, 2026, due to personal reasons. Mr. Rane brings over 30 years of experience in finance and accounting, including a previous 27-year tenure at Creative Eye. The company has also reconstituted its Audit, Nomination & Remuneration, and Stakeholder Relationship Committees to reflect these changes.

Appointment of Mr. Sanjay Rane as Additional Director (Non-executive / Non-Independent) effective Feb 16, 2026.
Resignation of Mr. Madan B. Gosavi as Independent Director effective Jan 30, 2026, citing personal reasons.
Mr. Sanjay Rane possesses over 30 years of experience in finance, including 27 years previously spent at Creative Eye Limited.
Reconstitution of Audit, Nomination & Remuneration, and Stakeholder Relationship Committees completed on Feb 16, 2026.

💡 Investors should note the management transition and the inclusion of a long-term former employee on the board. No immediate action is required as these are routine board adjustments.

Creative Eye Appoints Ashutosh Kochhar as MD and Sachin Devare as CFO

🔵 WATCH ⭐ 7/10

MANAGEMENT 📅 13 Feb 2026, 04:04 PM

Creative Eye Limited has announced a major leadership transition following its Extraordinary General Meeting on February 13, 2026. Mr. Ashutosh Kochhar has been appointed as Managing Director for a five-year term, while Mr. Sachin Devare, a Chartered Accountant with over 18 years of experience, has been named Chief Financial Officer. The company also filled a casual vacancy in its statutory auditor position by appointing M/s. STDJ & Co. following the resignation of the previous auditors. These changes represent a significant refresh of the company's top management and financial oversight functions.

Mr. Ashutosh Kochhar appointed as Managing Director and KMP for a 5-year term effective February 13, 2026
Mr. Sachin Devare appointed as Chief Financial Officer bringing over 18 years of experience in financial controllership
M/s. STDJ & Co., Chartered Accountants, appointed as Statutory Auditors to fill the vacancy caused by the resignation of M/s. NGS & Co. LLP
M/s. Kirty Vaidya & Associates appointed as Secretarial Auditors for the company

💡 Investors should monitor the strategic direction under the new Managing Director and observe the impact of the new CFO on the company's financial reporting and cost management. The change in statutory auditors also warrants a review of the next set of audited financial results for any adjustments.

Creative Eye Limited Announces Resignation of Independent Director Madan Bhalchandra Gosavi

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 03 Feb 2026, 05:45 PM

Creative Eye Limited has informed the exchanges that Mr. Madan Bhalchandra Gosavi has resigned from his position as an Independent Director effective January 30, 2026. The resignation is attributed to personal reasons and professional commitments, with the director confirming there are no other material reasons for his departure. Mr. Gosavi also stepped down from various board committees concurrently with his resignation. The company will need to ensure compliance with board composition requirements following this exit.

Mr. Madan Bhalchandra Gosavi (DIN: 10303662) resigned as Independent Director effective January 30, 2026.
The director cited personal reasons and pre-occupations with professional commitments for the resignation.
Confirmation provided that there are no other material reasons for the resignation other than those stated.
Mr. Gosavi holds other directorships in 3I Infotech Limited and Cerebra Integrated Technologies Limited.

💡 Investors should monitor the company's next board meeting for the appointment of a replacement to ensure regulatory compliance regarding board composition. No immediate impact on business operations is expected from this routine management change.

Creative Eye Appoints 3 New Independent Directors and Reconstitutes Board Committees

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 08 Dec 2025, 04:46 PM

Creative Eye Limited has announced a significant reshuffle of its Board of Directors following a meeting on December 8, 2025. The company accepted the resignation of Ms. Sarita Soni and appointed three new Independent Directors—Dr. Madan Bhalchandra Gosavi, Mr. Charuhas Patil, and Mr. Amit Doshi—for a three-year term. Notably, Dr. Gosavi, a former District Judge and NCLT member, will now chair the Audit and Nomination & Remuneration Committees. The board also adjourned discussions on certain undisclosed agenda items, citing the need for further information.

Appointment of 3 new Independent Directors for a 3-year term effective December 8, 2025.
Resignation of Ms. Sarita Soni as Independent Director due to pre-occupation.
Dr. Madan Bhalchandra Gosavi, a former NCLT Judicial Member, appointed as Chairman of Audit and NRC Committees.
Full reconstitution of Audit, Nomination & Remuneration, and Stakeholders Relationship Committees.
Adjournment of specific agenda items to a future meeting date pending further clarifications.

💡 Investors should monitor the company for the announcement of the adjourned meeting date, as pending agenda items may contain strategic updates. The addition of a former NCLT member suggests a focus on strengthening legal and corporate governance.

View All CREATIVEYE Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Total income grew by 153.0% YoY, rising from INR 137.69 Lacs in FY24 to INR 348.34 Lacs in FY25. The TV Serials segment was the primary driver, contributing INR 260.80 Lacs (74.9% of total income) through production and licensing of rights.

Geographic Revenue Split

Not specifically disclosed in available documents, though the company targets the Indian Media & Entertainment market which reached INR 2.5 trillion in 2024.

Profitability Margins

Gross profit for the TV Serials segment was 100% as no direct costs were allocated against the INR 260.80 Lacs revenue in the segment report. However, the company remains loss-making at the net level with a Net Profit Margin of -20.6%, which is a significant improvement from the -188.1% margin in the previous year.

EBITDA Margin

EBIDT turned positive at INR 25.01 Lacs (7.18% margin) in FY25, compared to a negative EBIDT of INR 165.95 Lacs in FY24, representing a recovery of INR 190.96 Lacs in operational profitability.

Capital Expenditure

Not disclosed in absolute INR Cr; however, the company is investing in digital transformation, OTT platforms, and AI-powered production tools to modernize its content pipeline.

Credit Rating & Borrowing

Interest costs stood at INR 90.27 Lacs in FY25, a 5.44% increase from INR 85.61 Lacs in FY24. The company maintains a PNB overdraft account, recently updated to include Ashutosh Kochhar as a signatory.

⚙️ Operational Drivers

Raw Materials

Creative talent acquisition and intellectual property (IP) rights represent the core 'raw materials', with talent pressure noted as a significant margin strain due to high demand for quality content.

Import Sources

Domestic (India), specifically focused on regional cultures and vernacular content for the Indian M&E sector.

Key Suppliers

Not specifically named; however, the company relies on creative talent, technical crews, and technology providers for AI-powered dubbing and VFX.

Capacity Expansion

Not disclosed in MT/MW; expansion is focused on digital distribution channels and OTT platforms to counter the 6% decline in linear TV advertising revenue.

Raw Material Costs

Production budgets have inflated due to competition for talent; the company is mitigating this by using AI for editing, localization, and graphics to improve 'content economics'.

Manufacturing Efficiency

AI-powered dubbing and voice modulation have significantly reduced turnaround times for localization, enabling faster content rollouts across multiple languages.

Logistics & Distribution

Distribution is shifting toward digital media, which grew 17% to INR 802 billion in 2024, now accounting for 32% of total industry revenue.

📈 Strategic Growth

Expected Growth Rate

7.20%

Growth Strategy

The company aims to achieve growth by leveraging its perpetual IPR library (mythological serials) for new licensing deals and investing in Generative AI to streamline production. It is targeting the digital media segment, which is expected to grow at an 11.2% CAGR through 2027, and expanding into regional/vernacular content to meet OTT demand.

Products & Services

TV Content production, Licensing of TV Serial Rights (Satellite, Digital, and Home Video), and AI-enhanced visual effects/storytelling.

Brand Portfolio

Om Namah Shivay, Shree Ganesh, Lord Vishnu.

New Products/Services

New niche productions for streaming platforms and AI-powered localization services; expected to align with the 17% growth seen in digital media segments.

Market Expansion

Targeting international collaborations and cross-cultural storytelling to extend reach into new audience markets beyond India.

Market Share & Ranking

Not disclosed; the company operates within an INR 2.5 trillion M&E sector where digital media has recently overtaken television as the largest segment.

Strategic Alliances

Not specifically named, but focusing on collaborations with broadcasters and global studios for monetization.

🌍 External Factors

Industry Trends

Digital media surged 17% to INR 802 billion, becoming the largest M&E segment. Television is struggling with a loss of 6 million pay TV homes, while Connected TV (CTV) users grew 30% YoY to 30 million.

Competitive Landscape

Intense competition from fragmented platforms (YouTube, Social Media, OTT) and rising costs for top creative talent.

Competitive Moat

The company's moat is its library of high-recall mythological IPRs (Om Namah Shivay, etc.) held in perpetuity. This is sustainable because these 'evergreen' properties generate recurring revenue with minimal additional production cost.

Macro Economic Sensitivity

Highly sensitive to advertising spend, which is vulnerable to economic cycles and brand sentiment; M&E sector contributes 0.73% to India's GDP.

Consumer Behavior

Shift toward vernacular/regional content and 'inclusive' storytelling; consumers are increasingly spread across multiple digital platforms rather than linear TV.

Geopolitical Risks

Global disruptions (e.g., Hollywood strikes) previously impacted Animation & VFX revenues by 9% in 2024; the company monitors political and economic environments for stability.

⚖️ Regulatory & Governance

Industry Regulations

Frequent policy changes regarding content censorship and data privacy increase compliance risks; weak enforcement of IP laws remains a primary hurdle for revenue protection.

Taxation Policy Impact

Current and Deferred Tax for FY25 was 0.00 Lacs due to reported losses.

Legal Contingencies

Not disclosed in absolute INR; however, the company notes litigation and changes in tax laws as important developments that could affect operations.

⚠️ Risk Analysis

Key Uncertainties

Regulatory uncertainty around content censorship and data privacy could lead to legal/reputational issues; audience fragmentation challenges content discoverability.

Geographic Concentration Risk

Primarily concentrated in the Indian market, which is currently seeing a 3.3% overall growth rate in the M&E sector.

Third Party Dependencies

Heavy reliance on external creative talent and digital platform algorithms for content reach.

Technology Obsolescence Risk

High risk if the company fails to adapt to AI and high-definition formats (4K/8K); currently mitigating by investing in Generative AI and production automation.