SAMBHAAV - Sambhaav Media
📢 Recent Corporate Announcements
Sambhaav Media Limited has received a notice of demand under Section 156 of the Income Tax Act, 1961, from the Income Tax Department, Ahmedabad. The demand pertains to the assessment year 2018-19 and involves an additional tax liability of ₹43,22,980, including interest. The company has clarified that the financial impact is limited to the tax and interest amount, with no impact on its operations. Management is currently consulting with advisors to decide on the next steps regarding this assessment order.
- Notice of demand issued by Income Tax Department Central Circle 2(4), Ahmedabad.
- Total demand amount is ₹43,22,980, which includes both tax and interest.
- The assessment order relates to the addition of income for the assessment year 2018-19.
- Company states there is no operational impact and the financial impact is limited to the liability amount.
Sambhaav Media Limited has issued a postal ballot notice seeking shareholder approval for the re-appointment of Mr. Manoj Vadodaria as Managing Director for a three-year term starting January 28, 2026. The company is also seeking approval for material related party transactions (RPTs) for the financial year 2026-27 with three specific entities: Gujarat News Broadcasters, Ved Technoserve India, and Ahmedabad Radio And Mast Services. The e-voting period for these resolutions is set from February 1, 2026, to March 2, 2026. These approvals are essential for maintaining leadership stability and ensuring operational continuity for the next fiscal year.
- Re-appointment of Manoj Vadodaria as Managing Director for a 3-year term effective January 28, 2026.
- Approval sought for material Related Party Transactions for FY 2026-27 with three group entities.
- E-voting period scheduled to run from February 1, 2026, to March 2, 2026.
- Resolutions include a Special Resolution for the MD appointment and Ordinary Resolutions for RPTs.
- Scrutinizer appointed is Mr. Umesh Ved of Umesh Ved & Associates to oversee the voting process.
Sambhaav Media reported a consolidated revenue of ₹1,128.58 Lakhs for Q3 FY26, marking a 12% growth compared to the previous quarter. The company successfully returned to a consolidated net profit of ₹21.59 Lakhs, recovering from a loss of ₹41.79 Lakhs in Q2 FY26. A key strategic move included increasing its stake in Gujarat News Broadcaster Private Limited to 36.85% through the conversion of ₹1,675 Lakhs in debentures and preference shares. However, the company continues to face an 'Emphasis of Matter' from auditors regarding ongoing Income Tax investigations for multiple assessment years.
- Consolidated Revenue increased 12% QoQ to ₹1,128.58 Lakhs, though YoY growth was marginal at 1%.
- Returned to a consolidated net profit of ₹21.59 Lakhs versus a loss of ₹41.79 Lakhs in the previous quarter.
- Media and Allied Business segment contributed ₹896.26 Lakhs to the total revenue.
- Converted ₹1,675 Lakhs of investments into equity, making Gujarat News Broadcaster Private Limited an associate company with a 36.85% stake.
- Auditors highlighted ongoing Income Tax search proceedings for AY 2018-19, 2021-22, and 2022-23 as an area of uncertainty.
Sambhaav Media reported a marginal 1% YoY increase in consolidated revenue to ₹1,128.58 Lakhs for Q3 FY26. However, consolidated net profit for the quarter dropped to ₹21.59 Lakhs from ₹32.65 Lakhs in the previous year. Alarmingly, the company recorded a consolidated net loss of ₹47.97 Lakhs for the nine-month period ending December 2025, compared to a profit of ₹4.84 Lakhs in 9M FY25. The company also converted debt instruments to increase its stake in Gujarat News Broadcaster Private Limited to 36.85%.
- Consolidated revenue for Q3 FY26 was ₹1,128.58 Lakhs vs ₹1,117.25 Lakhs YoY.
- Consolidated net profit for Q3 FY26 fell 33.8% YoY to ₹21.59 Lakhs.
- Nine-month consolidated performance resulted in a net loss of ₹47.97 Lakhs compared to a profit of ₹4.84 Lakhs in the previous year.
- Media and Allied segment revenue stood at ₹896.26 Lakhs, while Technology segment contributed ₹232.32 Lakhs.
- Increased stake in Gujarat News Broadcaster Private Limited to 36.85% through conversion of ₹1,675 Lakhs in instruments.
Sambhaav Media Limited has submitted the compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate for the quarter ended December 31, 2025, was issued by the company's registrar, MCS Share Transfer Agent Limited. It confirms that all physical share certificates received for dematerialization were processed and cancelled within the 15-day limit. This filing ensures the company is adhering to standard regulatory requirements regarding share registry management.
- Compliance certificate submitted for the quarter ended December 31, 2025
- Registrar confirmed dematerialization requests were processed and listed on exchanges
- Physical certificates were mutilated and cancelled within the mandatory 15-day period
- Register of members updated with depository names as registered owners
Sambhaav Media Limited has submitted a report regarding the special window for re-lodgment of transfer requests for physical shares. This filing is in compliance with SEBI Circular No. SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/97 dated July 02, 2025. The report, dated January 07, 2026, was provided by the company's Registrar and Share Transfer Agent, MCS Share Transfer Agent Limited. This is a procedural update and does not impact the company's financial standing or business operations.
- Compliance with SEBI Circular SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/97 regarding physical shares.
- Report received from Registrar and Share Transfer Agent (RTA) MCS Share Transfer Agent Limited.
- The update specifically concerns the re-lodgment process for transfer requests of shares held in physical form.
- The report was officially filed with BSE and NSE on January 08, 2026.
Sambhaav Media Limited has notified the stock exchanges regarding the closure of its trading window for all designated persons starting January 1, 2026. This closure is in preparation for the upcoming declaration of un-audited financial results for the quarter and nine months ending December 31, 2025. The window will remain shut until 48 hours after the results are officially announced to the public. This is a mandatory regulatory requirement under SEBI's Insider Trading regulations to ensure market integrity.
- Trading window closure effective from January 1, 2026
- Applies to financial results for the quarter and nine months ending December 31, 2025
- Window to reopen 48 hours after the declaration of financial results
- Restriction applies to Board of Directors, Designated Persons, and their immediate relatives
Financial Performance
Revenue Growth by Segment
Total revenue from operations for FY 2024-25 was INR 4,187.13 Lakhs (Consolidated). The Media and Allied Business segment contributed INR 2,951.54 Lakhs, while the Technology and Allied Business segment contributed INR 1,235.59 Lakhs. Standalone revenue from operations decreased by 10.01% from INR 550.19 Lakhs in FY 2024 to INR 495.14 Lakhs in FY 2025.
Geographic Revenue Split
Not disclosed in available documents, though operations are primarily based in Ahmedabad, Gujarat.
Profitability Margins
Net Profit Margin improved significantly from 0.89% in FY 2024 to 2.93% in FY 2025. Operating Profit Margin saw a slight decline from 21.17% in FY 2024 to 18.28% in FY 2025. Return on Net Worth improved from 0.43% to 1.31% due to the company earning a profit of INR 114.26 Lakhs.
EBITDA Margin
Operating Profit Margin was 18.28% in FY 2025, a decrease of 2.89% from 21.17% in the previous year, primarily due to a downward trend in total income which fell 6.90% to INR 3,934.60 Lakhs.
Credit Rating & Borrowing
Not disclosed in available documents; however, the Interest Coverage Ratio improved from 1.49 to 3.02 times, indicating a stronger ability to service debt.
Operational Drivers
Raw Materials
Specific raw material names are not listed, but key operational costs include content selection, royalties, and entitlements for publishing and broadcasting.
Raw Material Costs
Not disclosed as a specific line item; however, 'Other Expenses' which include operational costs were INR 1,318.98 Lakhs for FY 2025.
Strategic Growth
Growth Strategy
Growth is targeted through constant review and upgrading of existing systems and processes to meet changing business needs. The company also focuses on human resource development and maintaining high ethical standards through compliance programs to protect brand reputation.
Products & Services
Publishing and broadcasting management, media services, and technology-allied business solutions.
Brand Portfolio
Sambhaav Media.
External Factors
Industry Trends
The industry is evolving with a shift toward digital content and technology-allied services. Sambhaav is positioning itself by upgrading its content management and technology systems to remain competitive.
Competitive Moat
The company's moat is built on its ISO 9001:2015 certification and a long-standing reputation with no recorded disputes with employees or workers, providing a stable operational foundation.
Macro Economic Sensitivity
The company is sensitive to local economic conditions, inflation rates, and interest rate scenarios which affect project viability and consumer demand for media.
Regulatory & Governance
Industry Regulations
Compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Companies Act, 2013.
Legal Contingencies
The company reports zero instances of disputes with employees or workers so far, indicating a low legal risk profile regarding labor relations.
Risk Analysis
Key Uncertainties
Uncertainties include the accuracy of assumptions in forward-looking statements and the potential for achievements to differ materially from projections due to market volatility.
Geographic Concentration Risk
Operations are concentrated in Ahmedabad, Gujarat, making it sensitive to local economic shifts.
Third Party Dependencies
Dependency on professionals representing multiple disciplines for project execution and content selection.
Technology Obsolescence Risk
The company faces risks from changing technological needs, which it mitigates by making constant efforts to review and upgrade existing systems.
Credit & Counterparty Risk
Trade payables were reduced to INR 1,769.13 Lakhs, which improved the current ratio to 3.38, suggesting better management of counterparty liabilities.