Diligent Media Corporation Limited (DNAMEDIA)
₹2.42 -0.41% last close, 16 Oct
Q2 FY27 results
📅 Next results: 03 Nov 2026 (board meeting)Diligent Media Corporation Limited's board meets on 3 Nov 2026 to consider its Q2 FY27 results (July-September 2026).
In its latest reported quarter, Q4 FY26, Diligent Media's revenue was ₹1.6 Cr (-71.4% year on year, +14.9% on the previous quarter), and net profit ₹-6.0 Cr (against a profit a year earlier); the operating margin was 8.6%.
| Q4 FY26 (₹ Cr) | Value | YoY vs Q4 FY25 | QoQ |
|---|---|---|---|
| Revenue | ₹1.6 | -71.4% | +14.9% |
| Operating profit | ₹0.1 | -94.8% | from loss |
| Net profit | ₹-6.0 | to loss | loss widened |
| EPS (₹) | -0.51 | to loss | loss widened |
| Operating margin | 8.6% | — | — |
DNAMEDIA delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 81.42% of the DNAMEDIA shares traded on NSE were taken to delivery, against the stock's own 20-session average of 75.19%. That is close to its usual level. Turnover was under ₹1 lakh, so a handful of trades can move this figure. Volume was 0.1 times its average, well below normal.
Delivery in the last 5 sessions: 52.0% · 87.8% · 94.3% · 75.5% · 81.4%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Diligent Media Corporation Limited submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited confirms that share certificates received for dematerialisation were processed and verified within prescribed regulatory timelines. This is a standard quarterly administrative filing with no impact on operations, earnings, or cash flow.
- Confirmation certificate submitted for the quarter ended September 30, 2026
- Issued by RTA MUFG Intime India Private Limited on October 7, 2026
- Filed with BSE and NSE pursuant to SEBI Regulation 74(5) on October 12, 2026
Diligent Media Corporation Limited has dispatched notices with web-links to access the FY2025-26 Annual Report to shareholders without registered email addresses under Regulation 36(1)(b). The company's 21st Annual General Meeting (AGM) is scheduled for September 25, 2026, via video conferencing. The cut-off date for e-voting entitlement is September 18, 2026, with remote e-voting open from September 22 to September 24, 2026.
- 21st Annual General Meeting (AGM) scheduled for Friday, September 25, 2026, at 12:30 PM IST via VC/OAVM
- Cut-off date for e-voting entitlement is set as Friday, September 18, 2026
- Remote e-voting period runs from September 22, 2026 (09:00 AM IST) to September 24, 2026 (05:00 PM IST)
- Cut-off date for dispatch of the Annual Report was Friday, August 28, 2026
Diligent Media Corporation Limited has issued notice for its 21st Annual General Meeting scheduled for September 25, 2026, via Video Conferencing. Key agenda items include adopting the audited financial statements for FY 2025-26 and re-appointing director Mukesh Jindal, who retires by rotation. The remote e-voting period runs from September 22 to September 24, 2026, with a voting cut-off date of September 18, 2026. The accompanying report reiterates auditor qualifications concerning a pending Scheme of Reduction involving Rs 17,340.27 lakhs of NCRPS set off against ICDs.
- 21st Annual General Meeting scheduled for September 25, 2026, at 12:30 PM IST via VC/OAVM.
- Remote e-voting commences on September 22, 2026 (9:00 AM) and closes on September 24, 2026 (5:00 PM).
- Cut-off date for e-voting eligibility set as Friday, September 18, 2026.
- Audit qualification references the pending capital reduction scheme for Rs 17,340.27 lakhs NCRPS against outstanding ICDs.
Diligent Media Corporation has received a Show Cause Cum Demand Notice (SCN) from the CGST & CX Mumbai Central Commissionerate under Section 74 of the CGST Act. The notice proposes recovery of Rs 1.08 Cr in Input Tax Credit (ITC) availed during FY 2021-22 from a vendor whose GST registration was cancelled ab initio, along with an additional tax demand of Rs 4.90 lakh for FY 2020-21, plus interest and penalties. The total principal demand of ~Rs 1.13 Cr represents approximately 16% of the company's TTM revenue (Rs 7 Cr). The company stated it is seeking legal advice and intends to challenge the demand before appellate forums.
- Proposed recovery of Rs 1,08,00,000 towards ITC availed in FY 2021-22 due to vendor registration cancellation ab initio
- Additional tax demand of Rs 4,90,164 for short-payment of outward tax liability in FY 2020-21, plus interest and penalties
- Notice received on August 31, 2026 under Section 74 of the CGST Act from Assistant Commissioner, Anti-Evasion, Mumbai Central
- Company intends to challenge the proposed demand before appropriate appellate authorities
Diligent Media Corporation Limited (DNAMEDIA) has announced its 21st Annual General Meeting (AGM) will be held on September 25, 2026, via video conferencing. The Board has approved the re-appointment of M/s G B S G & Associates as Internal Auditors for the 2026-27 financial year. Additionally, the Board recommended the re-appointment of Mr. Mukesh Jindal as a Non-Executive Director, pending shareholder approval at the AGM. These actions follow the approval of the Board's Report for the fiscal year ended March 31, 2026.
- 21st Annual General Meeting scheduled for September 25, 2026
- Re-appointment of M/s G B S G & Associates as Internal Auditors for FY 2026-27
- Recommendation for re-appointment of Mr. Mukesh Jindal, who has over 25 years of digital media experience
- Board meeting concluded within 1 hour and 45 minutes (14:30 to 16:15)
- Approval of the Board of Directors’ Report for the financial year ended March 31, 2026
Diligent Media Corporation Limited (DNAMEDIA) held a board meeting on August 13, 2026, to finalize several administrative and governance matters. The company has scheduled its 21st Annual General Meeting (AGM) for September 25, 2026, and approved the re-appointment of M/s G B S G & Associates as Internal Auditors for FY 2026-27. Additionally, the board recommended the re-appointment of Mr. Mukesh Jindal as a Non-Executive Director. These procedural steps occur against a backdrop of severe financial distress, with the company reporting a negative net worth of ₹253 Cr and debt of ₹436 Cr.
- 21st Annual General Meeting (AGM) scheduled for September 25, 2026, via video conferencing
- Re-appointment of M/s G B S G & Associates as Internal Auditors for the Financial Year 2026-27
- Re-appointment of Mr. Mukesh Jindal as Non-Executive Director, bringing 25 years of digital media experience
- Board meeting duration was 1 hour and 45 minutes, concluding at 16:15 Hrs
- Approval of the Board of Directors’ Report for the financial year ended March 31, 2026
Diligent Media Corporation Limited has filed its quarterly compliance certificate under SEBI Regulation 74(5) for the period ending June 30, 2026. The document confirms that the Registrar and Share Transfer Agent, MUFG Intime India Pvt. Ltd., has processed all dematerialization requests and updated depository records within prescribed timelines. This is a standard administrative procedure for listed companies to verify the cancellation of physical certificates. Financially, the company remains under significant stress with a negative net worth of ₹253 Cr and total debt of ₹436 Cr.
- Compliance certificate issued for the quarter ended June 30, 2026
- Registrar MUFG Intime India Pvt. Ltd. confirmed processing of all demat requests
- Company debt stands at ₹436 Cr against a small market cap of ₹33 Cr
- Net worth remains negative at ₹-253 Cr as per latest financial context
- TTM revenue is low at ₹7 Cr with an operating margin of -41.6%
Primat Infrapower & Multiventures, a promoter entity of Diligent Media Corporation Limited (DNAMEDIA), has submitted its annual declaration under SEBI Takeover Regulations for the period ending March 31, 2026. The promoter holds a negligible stake of 5,909 shares, representing 0.01% of the company's total equity. The filing confirms that no new encumbrances or pledges were created on these shares during the 2025-26 financial year. The declaration was issued by a Resolution Professional, as the promoter entity is currently undergoing insolvency proceedings.
- Promoter Primat Infrapower holds 5,909 equity shares as of March 31, 2026
- The holding constitutes a minimal 0.01% of the total share capital of the company
- Declaration confirms no new encumbrances were made during the financial year 2025-26
- The filing is signed by a Resolution Professional from Stress Credit Resolution Private Limited
Diligent Media Corporation Limited (DNAMEDIA) has announced the resignation of Ms. Kusum Lata, Chief Sub Editor - Team Lead for DNA Hindi, effective June 5, 2026. The company, which operates with a small TTM revenue base of Rs 7 Cr and significant debt of Rs 436 Cr, is currently pivoting toward digital platforms. The announcement was filed with a delay of over 30 days, which the company attributed to an inadvertent oversight. Given the company's negative net worth of Rs -253 Cr, this management change is considered routine and unlikely to impact financial recovery efforts.
- Ms. Kusum Lata resigned as Chief Sub Editor - Team Lead (DNA Hindi) effective June 5, 2026.
- The disclosure was made on July 8, 2026, indicating a 33-day delay from the actual date of cessation.
- Company reported a TTM revenue of Rs 7 Cr against a net loss of Rs 9 Cr.
- DNAMEDIA currently carries a debt of Rs 436 Cr with a negative net worth of Rs -253 Cr.
Diligent Media Corporation Limited (DNAMEDIA) has responded to an NSE query regarding the lack of a Managing Director's signature on its Statement of Impact of Audit Qualifications for the fiscal year ended March 31, 2026. The company clarified that as of May 28, 2026, it did not have a designated Managing Director, and therefore the signature requirement was not applicable. This procedural clarification comes amid significant financial stress, with the company reporting a net loss of 6.02 crore for the March 2026 quarter and carrying a total debt of 436 crore against a negative net worth of 253 crore.
- Clarification pertains to the financial results for the fiscal year ended March 31, 2026.
- Company confirmed it had no Managing Director or CEO as of the board meeting date of May 28, 2026.
- Reported a net loss of 6.02 crore for the quarter ended March 31, 2026.
- Total debt stands at 436 crore, significantly exceeding its TTM revenue of 7 crore.
- Net worth remains deeply negative at -253 crore as per latest available context.
Diligent Media Corporation Limited (DNAMEDIA) has announced the closure of its trading window for all designated persons starting July 1, 2026. This move is a standard regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the announcement of financial results. The window will remain closed until 48 hours after the Un-Audited Financial Results for the quarter ending June 30, 2026, are submitted to the exchanges. The specific date for the board meeting to approve these results will be communicated at a later time.
- Trading window closure effective from July 1, 2026, for all designated persons.
- Closure pertains to the Un-Audited Financial Results for the First Quarter (Q1) ended June 30, 2026.
- The window will reopen 48 hours after the results are officially declared to the stock exchanges.
- The announcement is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.
Mrs. Garima Bharadwaj has resigned from her position as a Non-Executive Independent (Woman) Director of Diligent Media Corporation Limited, effective from the close of business hours on June 5, 2026. She cited personal reasons and other professional commitments as the primary drivers for her departure. The director has confirmed that there are no other material reasons for her resignation, and she will also cease to be a member or chairperson of any Board Committees.
- Resignation of Mrs. Garima Bharadwaj (DIN: 10632970) effective June 5, 2026.
- Departure cited as being due to personal reasons and other professional commitments.
- Confirmation provided that no other material reasons exist for the resignation.
- The director held no other directorships in listed entities at the time of resignation.
- The company must now ensure compliance with SEBI requirements for woman and independent director representation.
Diligent Media Corporation Limited (DNAMEDIA) reported a significant decline in revenue from operations to Rs 6.51 crore in FY26, down from Rs 13.19 crore in FY25. The company swung to a net loss of Rs 8.83 crore for the full year, compared to a profit of Rs 13.62 crore in the previous year, largely impacted by a reversal of deferred tax assets worth Rs 6.51 crore. The company's net worth remains deeply negative at Rs 252.60 crore, and the statutory auditors have issued a modified opinion on the results. Amidst these financial challenges, the board has appointed Mr. Priyadarshan Garg as the new CEO effective June 1, 2026.
- Revenue from operations fell by 50.6% year-on-year to Rs 650.88 lakhs in FY26.
- Reported a total comprehensive loss of Rs 879.46 lakhs for FY26 versus a profit of Rs 1,364.13 lakhs in FY25.
- Reversed deferred tax assets of Rs 651.44 lakhs due to uncertainty regarding future taxable income.
- Facing a significant GST demand of Rs 6,856.37 lakhs and has filed a settlement application with SEBI for alleged regulatory violations.
- Appointed Mr. Priyadarshan Garg as CEO and Key Managerial Personnel starting June 1, 2026.
Diligent Media Corporation reported a significant decline in performance for FY26, with revenue from operations dropping to ₹6.51 crore from ₹13.19 crore in the previous year. The company swung to a net loss of ₹8.83 crore compared to a profit of ₹13.62 crore in FY25, largely impacted by a ₹6.51 crore reversal of deferred tax assets. The company's net worth remains deeply negative at ₹(252.60) crore, though management maintains a going concern stance based on projected cash flows. Amidst these financials, the board has appointed Priyadarshan Garg as the new CEO effective June 1, 2026.
- Revenue from operations halved to ₹650.88 lakhs in FY26 compared to ₹1,319.19 lakhs in FY25.
- Reported a net loss of ₹883.46 lakhs for FY26 against a profit of ₹1,361.88 lakhs in the previous year.
- Net worth is significantly eroded, standing at negative ₹25,259.50 lakhs as of March 31, 2026.
- Reversed deferred tax assets worth ₹651.44 lakhs due to uncertainty regarding future taxable income.
- Facing a massive GST demand of ₹6,856.37 lakhs and an ongoing SEBI show-cause notice settlement process.
Diligent Media Corporation Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Registrar MUFG Intime India Private Limited, confirms the processing of dematerialization requests for the quarter ended March 31, 2026. It verifies that physical share certificates were mutilated and cancelled after due verification. This is a standard regulatory requirement to ensure the integrity of the company's share registry.
- Compliance certificate submitted for the quarter ended March 31, 2026.
- Issued by Registrar and Share Transfer Agent, MUFG Intime India Private Limited.
- Confirms that securities received for dematerialization were listed on stock exchanges.
- Verification and cancellation of physical certificates were completed within prescribed timelines.
- Ensures the register of members is updated with depository names as registered owners.
Financial Performance
Revenue Growth by Segment
Digital Media business revenue grew by 36% YoY, increasing from INR 970.24 lakhs in FY 2023-24 to INR 1,319.19 lakhs in FY 2024-25. The company has entirely transitioned from print to digital operations.
Geographic Revenue Split
Not specifically disclosed by region, but the company operates primarily in India with a focus on Mumbai and Ahmedabad markets, and reaches a global audience through its digital platforms (dnaindia.com).
Profitability Margins
Operating Profit Margin (OPM) stood at 72.53% for FY 2024-25. Net Profit Margin (NPM) was reported at 103.23% for the same period, influenced by Other Income of INR 1,372.92 lakhs which exceeded operational revenue.
EBITDA Margin
OPBDIT/OI was -109.0% in FY2024, showing significant operational losses before accounting for other income and exceptional items. However, PBT before exceptional items grew 58% YoY to INR 1,387.16 lakhs in FY2025.
Capital Expenditure
Not disclosed in available documents; however, depreciation was INR 13.28 lakhs in FY 2024-25, up 0.38% YoY, suggesting minimal new physical asset investment.
Credit Rating & Borrowing
The company is under a 'non-cooperation' status with ICRA. Interest coverage ratio was -74.05 times in FY2024 and 7.66 times in FY2025. Finance costs increased significantly from INR 14.28 lakhs to INR 87.97 lakhs in FY2025.
Operational Drivers
Raw Materials
Not applicable as the company is a digital media entity; primary costs are 'Other Expenses' which decreased by 37% to INR 1,304.95 lakhs in FY2025.
Key Suppliers
Not disclosed; primary operational dependencies are on digital infrastructure and content creators.
Capacity Expansion
Current digital capacity reaches 30 million monthly unique users and 909.3 million annual page views. Expansion is focused on digital platform scaling rather than physical capacity.
Raw Material Costs
Not applicable; however, overall operating costs were reduced by 37% from INR 2,055.21 lakhs to INR 1,304.95 lakhs through cost optimization strategies.
Manufacturing Efficiency
Not applicable; digital efficiency is measured by user engagement, with DNA English averaging 22 million monthly users and DNA Hindi 8.5 million.
Logistics & Distribution
Not applicable for digital content; distribution is handled via web servers and social media aggregators.
Strategic Growth
Expected Growth Rate
8%
Growth Strategy
The company aims to achieve growth through the expansion of digital platforms (dnaindia.com), focusing on video creation which now commands 60% of sector revenues. Strategies include cost optimization, revenue maximization through digital advertising, and leveraging niche content verticals like DNA AI and DNA Verified.
Products & Services
Digital News, Videos, Documentaries, Photo Stories, and Content Syndication services.
Brand Portfolio
DNA, DNA Verified, DNA Lit, DNA Dharma, DNA Her, DNA AI, and dnaindia.com.
New Products/Services
Expansion into AI-driven content (DNA AI) and specialized lifestyle segments (DNA Her) to capture diverse advertiser interest.
Market Expansion
Focus on increasing penetration in the Hindi-speaking market (currently 8.5 million users) and expanding the content licensing division.
Market Share & Ranking
Not disclosed; however, it competes in the digital news segment with 30 million unique monthly users.
Strategic Alliances
Originally incorporated as a Joint Venture of two media conglomerates; currently maintains a content licensing division for syndication.
External Factors
Industry Trends
The Indian M&E sector is shifting toward video (60% revenue share) and digital media, which is projected to grow to US$ 7.14 billion by FY27. Traditional media (print/radio) saw a 3% revenue drop recently.
Competitive Landscape
Competes with major digital news aggregators and traditional publishers who have transitioned to digital-first models.
Competitive Moat
The 'DNA' brand serves as a moat with a strong legacy in journalism, supporting 30 million unique users. However, sustainability is challenged by the high competitive intensity of digital-first news outlets.
Macro Economic Sensitivity
Highly sensitive to economic slowdowns; a dip in GDP growth typically leads to a 10-20% reduction in corporate advertising budgets, directly impacting digital revenue.
Consumer Behavior
Rapid shift toward mobile-first consumption and short-form video content, necessitating a pivot from text-heavy reporting to multimedia storytelling.
Geopolitical Risks
Global economic uncertainties can lead to reduced advertising budgets from multinational companies operating in India.
Regulatory & Governance
Industry Regulations
Subject to Ministry of Information and Broadcasting regulations and IT (Intermediary Guidelines and Digital Media Ethics Code) Rules.
Environmental Compliance
Not disclosed; minimal impact for digital media compared to print operations.
Taxation Policy Impact
Tax expenses for FY 2024-25 were INR 25.31 lakhs compared to INR 4,194.77 lakhs in the previous year.
Legal Contingencies
The company faces material uncertainty due to an arbitration matter. Auditors issued a qualified opinion regarding the carrying value of Inter-Corporate Deposits (ICDs) and interest accrued thereon, which impacts the reported net profit and financial position.
Risk Analysis
Key Uncertainties
Material uncertainty exists regarding the company's ability to continue as a 'going concern' as accumulated losses have exceeded its paid-up capital and reserves as of September 30, 2025.
Geographic Concentration Risk
High concentration in the Indian market, particularly urban centers like Mumbai and Ahmedabad for its core brand identity.
Third Party Dependencies
Significant dependency on search engines and social media algorithms for 909.3 million page views; any algorithm change could drop traffic by 20-30%.
Technology Obsolescence Risk
High risk; failure to integrate AI and advanced video delivery could lead to loss of the 30 million user base to more tech-savvy competitors.
Credit & Counterparty Risk
Significant exposure to Inter-Corporate Deposits (ICDs) which are subject to audit qualification regarding their recoverability and carrying value.