Eros International Media Limited (EROSMEDIA)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Eros International's revenue was ₹6.2 Cr (+56.0% year on year, +4.0% on the previous quarter), and net profit ₹-10.4 Cr (a smaller loss than a year earlier); the operating margin was -207.2%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹6.2 | +56.0% | +4.0% |
| Operating profit | ₹-12.9 | loss narrowed | loss narrowed |
| Net profit | ₹-10.4 | loss narrowed | loss narrowed |
| EPS (₹) | -1.09 | loss narrowed | loss narrowed |
| Operating margin | -207.2% | — | — |
📢 Recent Corporate Announcements
Eros International Media Limited has 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 the processing and cancellation of dematerialised share certificates within prescribed timelines. This is a purely procedural regulatory submission with no impact on corporate fundamentals or operational performance.
- Compliance certificate filed for the quarter and half-year ended September 30, 2026
- Issued by RTA MUFG Intime India Private Limited dated October 03, 2026
- Confirms dematerialised securities were verified, cancelled, and substituted within statutory timelines
Eros International Media Limited has disclosed the voting results of its 32nd Annual General Meeting held on September 30, 2026. All four resolutions, including the adoption of FY26 financial statements and director re-appointments, were passed with over 99% overall approval. Overall turnout was low at 16.54% of total equity (15,866,695 votes polled out of 95,914,119 shares), driven primarily by promoter participation (15,585,751 votes) with zero institutional votes cast.
- All 4 ordinary and special resolutions approved with >99% overall assent
- Overall voter turnout stood at 16.54% (15,866,695 total votes polled out of 95,914,119 shares)
- Public non-institutional turnout was minimal at 0.36% (280,944 votes polled from 79,089,013 shares)
- Institutional shareholders cast zero votes (0 out of 1,235,155 shares)
- Only 49 shareholders attended the AGM via video conferencing
Eros International Media Limited has submitted the Scrutinizer's Report for its 32nd Annual General Meeting held on September 30, 2026. All four resolutions—including the adoption of FY26 financial statements, re-appointment of directors, and remuneration to an independent director—were approved with over 99% majority assent. A total of 148 members cast 1,58,66,695 valid votes across remote e-voting and AGM e-voting. The filing is a standard post-AGM statutory compliance requirement.
- All 4 AGM resolutions passed with over 99% shareholder assent
- Adoption of FY26 Standalone and Consolidated Financial Statements approved with 99.23% assent (1,57,44,623 votes)
- Re-appointment of Director Pradeep Dwivedi approved with 99.19% assent
- A total of 148 members cast 1,58,66,695 valid votes across remote and AGM e-voting
Eros International Media Limited has disclosed the proceedings of its 32nd Annual General Meeting (AGM) held on September 30, 2026. Shareholders approved all four resolutions, including the adoption of FY26 standalone and consolidated financial statements and the re-appointment of directors. The meeting was conducted via video conferencing and concluded at 03:53 PM IST without any new capital raises or strategic transactions announced.
- 32nd Annual General Meeting held on September 30, 2026, commencing at 3:00 PM IST and concluding at 3:53 PM IST
- Remote e-voting held between September 26, 2026 (9:00 AM) and September 29, 2026 (5:00 PM)
- Adopted FY26 standalone and consolidated financial statements
- Approved re-appointment of Director Mr. Pradeep Dwivedi and Independent Director Mr. Manmohan Kumar Sardana across 4 total resolutions
Eros International Media Limited has disclosed the proceedings of its 32nd Annual General Meeting (AGM) held on September 30, 2026. Shareholders approved all four resolutions, including the adoption of FY26 standalone and consolidated financial statements and the re-appointment of directors. The meeting was conducted via video conferencing and concluded at 03:53 PM IST without any new capital raises or strategic transactions announced.
- 32nd Annual General Meeting held on September 30, 2026, commencing at 3:00 PM IST and concluding at 3:53 PM IST
- Remote e-voting held between September 26, 2026 (9:00 AM) and September 29, 2026 (5:00 PM)
- Adopted FY26 standalone and consolidated financial statements
- Approved re-appointment of Director Mr. Pradeep Dwivedi and Independent Director Mr. Manmohan Kumar Sardana across 4 total resolutions
Eros International Media Limited has issued the notice for its 32nd Annual General Meeting scheduled for September 30, 2026, via Video Conferencing. Key agenda items include adopting the FY26 audited accounts, re-appointing Pradeep Dwivedi who retires by rotation, and re-appointing Manmohan Kumar Sardana as an Independent Director for a second 5-year term. Additionally, shareholder approval is sought for remunerating Non-Executive and Independent Directors under Schedule V in case of inadequate profits for FY27 to FY29. The book closure is scheduled from September 24 to September 30, 2026, with the e-voting cut-off set for September 23, 2026.
- 32nd AGM scheduled on Wednesday, September 30, 2026 at 3:00 P.M. IST
- Share transfer books closed from September 24 to September 30, 2026
- E-voting period runs from September 26 to September 29, 2026 with a cut-off date of September 23, 2026
- Proposal to re-appoint Independent Director Manmohan Kumar Sardana (aged 82) for a 5-year term ending in 2031
- Enabling resolution for payment of remuneration to Non-Executive Directors under Schedule V for FY27 through FY29 amid inadequate profits
Eros International Media Limited has scheduled its 32nd Annual General Meeting (AGM) for September 30, 2026, via Video Conferencing. The company has fixed September 23, 2026, as the cut-off date to determine member eligibility for remote e-voting, which runs from September 26 to September 29, 2026. The share transfer books and register of members will remain closed from September 24 to September 30, 2026. Key agenda items include adopting FY26 audited accounts, re-appointment of retiring directors, and enabling payment of remuneration to Non-Executive and Independent Directors in case of inadequate profits under Schedule V.
- 32nd AGM scheduled for September 30, 2026, at 3:00 PM IST via VC/OAVM
- Book closure set from September 24, 2026 to September 30, 2026
- Voting cut-off date fixed as Wednesday, September 23, 2026
- Remote e-voting period from September 26, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)
- Resolution proposed for Independent Director remuneration under Schedule V for FY27, FY28, and FY29 given inadequate profits
Eros International Media Limited has scheduled its 32nd Annual General Meeting for September 30, 2026, via Video Conferencing. Key agenda items include the re-appointment of Executive Director Pradeep Dwivedi and Independent Director Manmohan Kumar Sardana (aged 82) for a second 5-year term. Shareholders will also consider approving remuneration for Non-Executive Directors under Schedule V despite inadequate company profits. The book closure is scheduled from September 24 to September 30, 2026, with the e-voting cut-off set for September 23, 2026.
- 32nd AGM scheduled for September 30, 2026, at 3:00 PM IST via VC/OAVM
- Share transfer books and register of members closed from September 24 to September 30, 2026
- Remote e-voting window runs from September 26 to September 29, 2026; cut-off date is September 23, 2026
- Proposal to re-appoint Independent Director Manmohan Kumar Sardana (age 82) for a 5-year second term through 2031
- Last remuneration drawn by Executive Director & CEO Pradeep Dwivedi was Rs 3,00,00,000
Eros International Media reported a consolidated net loss of ₹10.43 Cr for the quarter ended June 30, 2026, compared to a net loss of ₹29.89 Cr in the year-ago period. Consolidated revenue from operations remained depressed at ₹0.50 Cr (₹50 lakhs) versus ₹0.71 Cr in Q1 FY26. The company's net worth remains completely eroded with continuous operational challenges and statutory payment defaults. Material uncertainty persists around going concern status alongside overdue related-party receivables of ₹166.58 Cr net from Eros Worldwide FZE.
- Consolidated revenue from operations stood at ₹50 lakhs (₹0.50 Cr) in Q1 ended June 30, 2026
- Consolidated net loss recorded at ₹1,043 lakhs (₹10.43 Cr) with EPS at ₹-1.09
- Standalone net loss stood at ₹743 lakhs (₹7.43 Cr) on standalone operations revenue of ₹39 lakhs
- Company faces ₹48,813 lakhs overdue receivables from Eros Worldwide FZE against ₹32,155 lakhs payables (net ₹16,658 lakhs)
- SEBI appeal hearing scheduled before Securities Appellate Tribunal (SAT) on August 17, 2026
Eros International Media Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The document, issued by Registrar MUFG Intime India Private Limited, confirms that all dematerialization requests received during the quarter ended June 30, 2026, were processed within prescribed timelines. This includes the verification, mutilation, and cancellation of physical certificates and the updating of depository names in the register of members. This is a standard administrative filing required for all listed companies in India.
- Compliance certificate covers the quarter ended June 30, 2026
- Registrar MUFG Intime India Private Limited issued the confirmation on July 1, 2026
- Confirms that securities comprised in demat certificates are listed on the stock exchanges
- Verification and cancellation of physical certificates completed as per SEBI timelines
Eros International Media Limited has announced the closure of its trading window for designated persons starting July 1, 2026. This is a standard regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the declaration of financial results for the quarter ended June 30, 2026. The window will remain closed until 48 hours after the results are announced. The company continues to operate under significant financial stress, reporting a TTM net loss of ₹138 Cr and a negative net worth of ₹490 Cr.
- Trading window closure effective from July 1, 2026, for the quarter ended June 30, 2026
- Window to reopen 48 hours after the official announcement of financial results
- PANs of designated persons will be frozen by the Depository as per SEBI circular dated July 19, 2023
- Company reported a massive operating profit margin of -544.8% in the trailing twelve months
- Significant overdue receivables of ₹462.19 Cr from related party Eros Worldwide FZE remain a key concern
Eros Worldwide FZE, a promoter entity of Eros International Media Limited (EIML), has filed its annual disclosure under SEBI Takeover Regulations for the financial year ended March 31, 2026. The promoter confirmed a holding of 65,30,807 shares in the company. Importantly, the declaration states that no new encumbrances or pledges were created on these shares, directly or indirectly, during the reported financial year. This is a standard regulatory filing ensuring transparency regarding promoter shareholding and debt obligations.
- Promoter Eros Worldwide FZE held 65,30,807 shares of EIML as of March 31, 2026.
- Declaration submitted under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- Confirmed that encumbered shares stood at NIL as of the end of the financial year.
- No new direct or indirect encumbrances were created during the financial year 2025-26.
- The disclosure has been submitted to both BSE and NSE as per regulatory requirements.
Eros International Media reported a net loss of ₹10,035 Lakhs for FY 2025-26, resulting in the complete erosion of its net worth. The statutory auditors issued a qualified opinion, specifically highlighting ₹1,01,601 Lakhs in content advances that are currently under SEBI investigation. Furthermore, the company faces significant liquidity risks as current liabilities exceed current assets, leading auditors to flag a material uncertainty regarding its ability to continue as a going concern. The company is also struggling with ₹28,438 Lakhs in overdue receivables from international group entities.
- Reported a net loss before tax of ₹10,035 Lakhs for the financial year ended March 31, 2026.
- Statutory auditors flagged ₹1,01,601 Lakhs in content advances subject to ongoing SEBI scrutiny and investigation.
- Company net worth is entirely eroded with current liabilities exceeding current assets at year-end.
- Overdue trade receivables from group entities in FZE, UK, and USA total approximately ₹28,438 Lakhs.
- Appointed Patni Mandhana & Associates as Internal Auditors and Walker Chandiok & Co. LLP for Transfer Pricing services.
Eros International Media Limited reported a standalone net loss before tax of ₹10,035 Lakhs for FY26, resulting in the complete erosion of its net worth. The statutory auditor, Haribhakti & Co. LLP, has issued a qualified opinion due to ₹28,438 Lakhs in provisions against overdue group receivables and an ongoing SEBI investigation into content advances totaling ₹1,01,601 Lakhs. Furthermore, the auditor highlighted a material uncertainty regarding the company's ability to continue as a going concern, as current liabilities now exceed current assets.
- Reported a standalone net loss before tax of ₹10,035 Lakhs for the year ended March 31, 2026.
- Statutory auditor issued a qualified opinion citing ₹28,438 Lakhs in provisions for overdue receivables from group entities like Eros Worldwide FZE and Eros UK.
- Ongoing SEBI investigation into content advances of ₹1,01,601 Lakhs remains a major regulatory overhang.
- Company's net worth is entirely eroded, with current liabilities exceeding current assets as of year-end.
- Appointed Patni Mandhana & Associates as Internal Auditors and Walker Chandiok & Co. LLP for Transfer Pricing services.
Eros International Media Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by MUFG Intime India Private Limited, confirms the processing of dematerialization requests for the quarter ended March 31, 2026. It verifies that security certificates received were mutilated and cancelled after due verification, with the depositories' names substituted in the register of members. This is a standard administrative filing required for all listed entities in India to ensure proper share registry maintenance.
- Compliance certificate submitted for the quarter ended March 31, 2026.
- Issued by Registrar and Share Transfer Agent (RTA) MUFG Intime India Private Limited.
- Confirms that securities received for dematerialization were listed on the stock exchanges.
- Confirms physical certificates were mutilated and cancelled within prescribed timelines.
- Verification ensures the register of members is updated with depository names as registered owners.
Financial Performance
Revenue Growth by Segment
Historical revenue grew at a CAGR of 17.5% from FY2011 to FY2016, reaching INR 1,603.6 Cr. However, current performance shows severe distress with a Loss Before Tax of INR 35.99 Cr for the period ended September 30, 2025. Segment-wise growth is not currently disclosed due to the company operating as a single reportable segment.
Geographic Revenue Split
Based on historical data, the theatrical segment contributed 43.9%, Overseas distribution accounted for 26.1%, and Television & Others contributed 30.0% of total revenue.
Profitability Margins
Historical PAT margins were 18.1% in 9M FY2017 compared to 14.1% in 9M FY2016. Q3 FY2017 PAT margins reached 30.3%. Currently, profitability is negative with a Loss Before Tax of INR 50.04 Cr for the half-year ended September 30, 2025, leading to a total erosion of net worth.
EBITDA Margin
Historical EBIT grew at a CAGR of 15.9% (FY11-FY16). Current EBITDA is severely impacted by a provision for doubtful trade receivables of INR 11.75 Cr and amortization on film rights of INR 25.17 Cr for the half-year ended September 30, 2025.
Capital Expenditure
The company reported a sale of tangible assets (net) of INR 45 Cr in the prior period. Current cash flow shows minimal investment in tangible assets as the company focuses on liquidity conservation.
Credit Rating & Borrowing
Acuité has moved the company to a 'Non-cooperation' status due to failure to submit required information for surveillance. The company has defaulted on statutory dues and faces restricted borrowing facilities due to its financial position.
Operational Drivers
Raw Materials
Film rights and content advances represent the primary 'raw materials,' with amortization of film rights costing INR 25.17 Cr (approx. 50% of total operating adjustments) for H1 FY2026.
Import Sources
Content is primarily sourced from the Indian Film Industry (Bollywood and regional markets), with significant international distribution rights managed through UK and UAE-based entities.
Key Suppliers
The company co-produces and acquires content from various Indian production houses and talent; specific vendor names for the current period are not disclosed.
Capacity Expansion
Not applicable as a media company; however, the company is focusing on 'maximizing revenue' by entering long-term contracts to monetize its existing film and music library.
Raw Material Costs
Amortization on film rights was INR 25.17 Cr for the half-year ended September 30, 2025. The company is restricting new content advances to conserve cash.
Manufacturing Efficiency
Not applicable; efficiency is measured by the ability to monetize the film library across multiple formats (Theatrical, TV, Digital).
Logistics & Distribution
Distribution is handled through theatrical releases, television syndication, and digital platforms; costs are integrated into the single reportable segment.
Strategic Growth
Growth Strategy
The company aims to stabilize operations by monetizing its extensive film and music library through long-term contracts. It is also pursuing the recovery of INR 462.19 Cr in overdue receivables from Eros Worldwide FZE to improve liquidity and address the 100% erosion of its net worth.
Products & Services
Co-production, acquisition, and distribution of Indian language films in multiple formats including theatrical, television, and digital/OTT.
Brand Portfolio
Eros International, Eros Now (implied via media world website).
New Products/Services
Focus is currently on monetizing existing library assets rather than new launches due to financial constraints.
Market Expansion
Historically focused on global distribution of Indian content; current plans are restricted to maintaining operations as a going concern.
Market Share & Ranking
Not disclosed in current documents; historically a leading player in the Indian film industry.
Strategic Alliances
The company operates through various subsidiaries including Eros International Films Private Limited and Eyeqube Studios Private Limited.
External Factors
Industry Trends
The industry is shifting toward digital monetization of film catalogues. Eros is attempting to pivot by entering long-term contracts for its library to ensure steady revenue streams amidst a 100% erosion of net worth.
Competitive Landscape
Competes with major Indian studios and global OTT platforms for content acquisition and viewer eyeballs.
Competitive Moat
The primary moat is the company's vast library of Indian language film rights. However, this moat is currently threatened by the company's inability to fund new content and the 'Going Concern' uncertainty.
Macro Economic Sensitivity
Highly sensitive to consumer discretionary spending and the health of the Indian media and entertainment sector.
Consumer Behavior
Shift toward digital consumption of films and music, which the company is trying to capture through library monetization.
Geopolitical Risks
Operations in the UK and UAE (Eros Worldwide FZE) expose the company to international regulatory and economic shifts.
Regulatory & Governance
Industry Regulations
Subject to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company is currently under scrutiny for related party transactions and overdue receivables.
Environmental Compliance
Not a significant factor for media distribution; ESG costs not disclosed.
Taxation Policy Impact
The company reported a lower effective tax rate of 20.7% in historical periods; current tax impacts are minimal due to ongoing losses.
Legal Contingencies
The company has defaulted on payment of statutory dues on certain occasions. It is also 'co-operating with authorities' regarding ongoing inquiries, though specific case values are not disclosed.
Risk Analysis
Key Uncertainties
There is a 'material uncertainty' regarding the company's ability to continue as a 'Going Concern' due to a Loss Before Tax of INR 35.99 Cr and fully eroded net worth.
Geographic Concentration Risk
Significant revenue and receivable dependency on international markets, particularly the UAE and UK.
Third Party Dependencies
Extreme dependency on Eros Worldwide FZE for the recovery of INR 462.19 Cr in trade receivables.
Technology Obsolescence Risk
Risk of library value declining if not successfully transitioned to modern digital and high-definition formats.
Credit & Counterparty Risk
High credit risk; trade receivables of INR 462.19 Cr from EWW and INR 77.49 Cr from Eros UK are long overdue, with a provision of INR 11.75 Cr already made for doubtful receivables.
