TV Vision Ltd

TV Vision Limited, undergoing a Corporate Insolvency Resolution Process (CIRP) since August 13, 2026, faces a complex landscape of creditor claims, according to a recent assessment. Operational creditors, including Tata Play Limited, Sony Music Entertainment India Private Limited, and Nova Digital & Broadband Private Limited, have collectively claimed over Rs 4.7 crore. While principal amounts for several claims, such as those from Sony Music and Nova Digital, have been admitted, discrepancies in account reconciliation and interest calculations are delaying full approval. Tata Play’s claim of Rs 2.88 crore has seen Rs 2.75 crore admitted, with Rs 12.92 lakh plus interest still under verification. Ultra Media and Entertainment Private Limited’s Rs 50 lakh claim remains contingent due to a pending copyright infringement lawsuit, stayed under the Insolvency and Bankruptcy Code. The Interim Resolution Professional is requesting carriage agreements and supporting documentation to facilitate claim verification, highlighting the challenges posed by the company’s lack of updated financial records.

TV Vision Limited, currently undergoing a Corporate Insolvency Resolution Process initiated by the National Company Law Tribunal, Mumbai Bench — I, announced the formation of a Committee of Creditors (COC) on August 22, 2026, and scheduled its first meeting for Monday, August 31, 2026, at 12:30 P.M., as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

TV Vision Limited will convene a rescheduled meeting of its Interim Resolution Professional on Tuesday, August 18, 2026, to consider and approve the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026, following a postponement of the originally scheduled meeting on August 14, 2026; the company had previously closed the trading window for insiders from July 1, 2026, until 48 hours after the results’ declaration.

TV Vision Limited will hold a meeting on Friday, August 14, 2026, to approve the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026, according to a regulatory filing with the Bombay Stock Exchange and National Stock Exchange of India. The company has closed the trading window for insiders, including designated persons and their immediate relatives, from July 1, 2026, until 48 hours after the financial results are released.

Punjab National Bank’s application to initiate the Corporate Insolvency Resolution Process (CIRP) against T V Vision Limited has been admitted by the National Company Law Tribunal (NCLT), triggering a moratorium on legal action and asset disposal. The NCLT, citing previous Supreme Court rulings, limited its review to verifying the existence of a default exceeding Rs 1 crore, rejecting arguments regarding the debtor’s financial viability. Mr. Alok Kumar Murarka was appointed as the Interim Resolution Professional, who will receive an initial funding of Rs 3,00,000 from PNB to cover CIRP costs and will submit monthly progress reports to the NCLT. The order reinforces the limited scrutiny applied at the admission stage of IBC proceedings and prioritizes the resolution process.

The National Company Law Tribunal has initiated the Corporate Insolvency Resolution Process (CIRP) for T V Vision Limited following an application by Punjab National Bank (PNB). The tribunal admitted PNB’s Section 7 application, citing a financial debt exceeding Rs 1 crore and a demonstrated default. An interim moratorium is now in place, freezing certain actions against T V Vision Limited, and Alok Kumar Murarka has been appointed as the Interim Resolution Professional (IRP). The NCLT emphasized a limited inquiry at this admission stage, deferring detailed disputes regarding debt amounts or validity until later in the process, and directed PNB to deposit Rs 3,00,000 with the IRP to cover initial costs. The move signals a focus on swiftly commencing the CIRP and reinforces the tribunal’s streamlined approach to insolvency proceedings.

TV Vision Limited informed the BSE Limited and National Stock Exchange of India Limited that the Hon'ble National Company Law Tribunal, Mumbai Bench, has orally pronounced an order admitting an application filed by Punjab National Bank under Section 7 of the Insolvency and Bankruptcy Code, 2016, initiating the Corporate Insolvency Resolution Process against the company on July 30, 2026, with a detailed written order still pending.

Net Loss of TV Vision reported to Rs 13.29 crore in the quarter ended March 2026 as against net loss of Rs 7.86 crore during the previous quarter ended March 2025. Sales declined 98.35% to Rs 0.15 crore in the quarter ended March 2026 as against Rs 9.08 crore during the previous quarter ended March 2025. For the full year,net loss reported to Rs 34.49 crore in the year ended March 2026 as against net loss of Rs 26.74 crore during the previous year ended March 2025. Sales declined 73.42% to Rs 14.15 crore in the year ended March 2026 as against Rs 53.24 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales0.159.08 -98 14.1553.24 -73 OPM %-6400.00-47.47 --137.81-24.62 - PBDT-9.66-4.21 -129 -19.75-11.92 -66 PBT-13.29-7.86 -69 -34.49-26.73 -29 NP-13.29-7.86 -69 -34.49-26.74 -29 Powered by Capital Market - Live

TV Vision will hold a meeting of the Board of Directors of the Company on 26 May 2026.

Net Loss of TV Vision reported to Rs 6.01 crore in the quarter ended December 2025 as against net loss of Rs 6.60 crore during the previous quarter ended December 2024. Sales declined 95.06% to Rs 0.48 crore in the quarter ended December 2025 as against Rs 9.72 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales0.489.72 -95 OPM %-477.08-41.98 - PBDT-2.29-2.87 20 PBT-6.01-6.60 9 NP-6.01-6.60 9 Powered by Capital Market - Live