Colorchips New Media Share Price Today

Colorchips AGM approves new MD; auditors flag internal control gaps

Colorchips New Media appointed Shankar Ravi Chaganti as Managing Director at its 41st AGM on August 25, 2026. Statutory auditors disclaimed opinion on internal financial controls due to non-availability of certain records. Shareholders reappointed Saurabh Ramdorai as director and adopted FY26 financial statements. Public non-institutional shareholders voted overwhelmingly in favor of all resolutions, with 98.11% support for financial adoption.

Colorchips New Media FY26 Results: Net Loss Narrows to ₹162 Lakh

Colorchips New Media Limited narrowed its net loss to ₹162 lakh in FY26 from ₹1,002 lakh in FY25, despite a 44% decline in revenue to ₹38 lakh. The company appointed Shankar Ravi Chaganti as Managing Director and reported no dividend. Statutory auditors issued a disclaimer on internal controls due to missing documentation.

Colorchips New Media recommends Shankar Ravi Chaganty as Managing Director

Colorchips New Media Limited recommends Shankar Ravi Chaganty as Managing Director for a five-year term starting May 26, 2026. The Board approved the move on July 30, 2026, citing his 34 years of administrative experience. Final approval rests with shareholders at the 41st AGM on August 25, 2026.

Colorchips New Media narrows net loss to ₹3.28 crore in Q4FY26

Colorchips New Media narrowed its standalone net loss to ₹3.28 crore in Q4FY26 from ₹3.99 crore in the prior year, supported by a rise in revenue from operations to ₹58.66 lakh. For the full year FY26, the net loss was ₹16.24 crore. The statutory auditor issued a disclaimer of opinion on the company's internal financial controls, noting that the control systems were not made available for audit evaluation.

Colorchips New Media reports wider loss for FY26

Colorchips New Media reported a widened net loss of ₹16.24 crore for FY26, compared to ₹10.02 crore in the previous year, as revenue declined to ₹3.80 crore. The board approved the audited results on May 30, 2026, with auditors issuing an unmodified opinion.

Colorchips New Media appoints Chaganty Ravi Shankar as Managing Director

Colorchips New Media Limited announced the appointment of Mr. Chaganty Ravi Shankar as Managing Director for a term of five years effective May 26, 2026, succeeding Mr. Murthy Vadlamani Venkata Satyanarayana who resigned due to personal reasons. The Board approved the appointment under Sections 196, 197, 203, and Schedule V of the Companies Act, 2013, subject to shareholder approval within three months. Mr. Chaganty Ravi Shankar, a 58-year-old commerce graduate with over 34 years of administrative experience, was selected for his strong credentials in accountancy.