Sunshine Pictures Limited has announced the approval of its unaudited financial results for the second quarter and first half of the financial year ending September 30, 2026. The results, which include a limited review report from the statutory auditors, were considered and approved by the company’s Board of Directors and Audit Committee on November 12, 2026. The company also confirmed no deviation in the utilization of IPO proceeds.
Sunshine Pictures Approves Financial Results
Sunshine Pictures Limited (Formerly Known as Sunshine Pictures Private Limited) has announced the outcome of its Board Meeting held on November 12, 2026. The Board of Directors considered and approved key financial statements for the quarter and half-year ended September 30, 2026.
Key Financial Highlights
- Unaudited Financial Results (Standalone): The company’s unaudited standalone financial results for the quarter and half-year ended September 30, 2026, were duly reviewed and recommended by the Audit Committee. These results have also been accompanied by a Limited Review Report from M/s. Satyanarayan Goyal & Co. LLP, Chartered Accountants.
- IPO Proceeds Utilization: Pursuant to Regulation 32(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Sunshine Pictures Limited confirmed that there has been no deviation or variation in the utilization of proceeds raised through its Initial Public Issue (IPO) from the objects stated in the Prospectus. The Audit Committee and the Board of Directors reviewed and noted the statement of utilization of issue proceeds, confirming the same for the quarter and half-year ended September 30, 2026.
Statement of Deviation/Variation
The statement of deviation/variation in the utilization of IPO proceeds is enclosed as Annexure – B. This confirms that funds raised are being utilized as per the objects stated in the company’s prospectus, with no significant deviations noted for the period under review.
Board Meeting Details
The meeting of the Board of Directors commenced at 5:30 PM and concluded at 6:30 PM on November 12, 2026. Vipul Amrutlal Shah, Chairman & Managing Director, signed the communication.
Source: BSE
