Picturehouse Medio Limited

May 23, 2016

To

The BSE Ltd.

Phiroze Jeejeebhoy Towers
Dalal Street Fort,
Mumbai - 400 001
Dear Sir(s)/M adam (s),

Sub: Outcome ofthe Meeting of Board of Directors - Regarding

Ref: Regulation 30 & 33 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015
Scrip Code: BSE - 532355;

With reference to the subject matter cited above, we would like to inform you that the Board
of Directors of the Company at its Meeting held on Monday,May 23,2016, have inter-alio,

1.
2.
3.

Approved the Standalone & Consolidated Audited Financial Results of the Company for
the quarter and financial year ended March 31, 2016.
Approved the Standalone & Consolidated Audit Report submitted by the Statutory
Auditors for the financial Vear ended March 31, 2016.
Standalone & Consolidated Form A for financial year ended March 3L, 2016.

Further, please find enclosed copy ofthe Standalone & Consolidated Audited Financial Results
and a copy of the Standalone & Consolidated Audit Report along with Standalone &
Consolidated Form A for the vear ended March 31, 2016.
Kindly take the above information on records.

Thanking you.
Yours sincerelV,

Prasad V. Potluri

Managing Director
Enclosed: a/a
Pi.turehouse

l edio

Lilr|ited.

Corp. Oftice! Ploi No. 83 & 84 4th Floor punnoioh ptozd Rood No.
Bonioro Hills Hyderobod - 500 034 l: +91 1O 673O 9999
F: +91 40 6730 9988

{p

Regd. Officer KRM Centre 9th Floor No.

Horringron Rood Cherpet

Chennoi-60003l n +91 4430285570 F:+91 413O2B 5571

info@pvpglobol.com I pvpcinemo.com
CIN:

192 I 9lTN2OO0PLC0,{,{O77

Piclurehouse Medio [.imifecl

Pictuehouse Media Limited

Registe.ed Offjce: KRM Cent.e,9th Floor, Door No.2, Hrnington Road, Chetpet, Chennai6oo031 webj wwt!.pvp.inenD.conr
CIN: l92t91T\:QOoPtC0{4077

ffiffi%

Standalone Finan.iak

Incorc rrotu Operalions

(a) N.r Sares/ri.onc

Iotil ii.onr

1,25r 26

from opcr.&rns (ne0

indc.6c/dd.s.

(a)

(b) Consunrthon or
G)

r.or oFratiof

2r2.1(,

9,508.2{

1,975.39

l2,9.12ltl

1,975.39

72,942.83

lt

9.601.8i

5,161..10

Other oFerating nr.on,.

(LJ)

Iloric

n' stock in lrade and

7,963.63

horl ri

292.Jb

l)rogrss

n$

mateiials
rroductioi Eipentes

(t tFSil ind pror$ionil dD,8.s

7,636.41r

1,956.61

J2.J.l

1,1.72

(120.05)

169.39

r5.70

26.01

61,05

67.15

22.11

il.ll

6.81

9,591,

5.20

1.6-18

216

,i.74

5l

61.9i

91.12
25.50

,u.55
2,089.76

ProfiV(Lo$) lron otcratiDrs belore dlncrnnone, fnDn.ecosts and exceplnrnnl

ilcDN ll-2)

1838.50)

I
5

l2

6a

,7.35

.1.81

Profiv(Lots)iroD ordnrary a(tn ilics }cforo ftrdn(e.osLs and.t(plional itens

lls.05

55_0r

229.12

270.01

,184.05

10,3,12.65

2,611,98

2,600.18

2 811.42

1619.72)

t9.r{

1\.17

513 80

19.!1

t187,49)

{833.66)

(3+4)

costs btrt bfore

(rcefriotr.l

lir ilio\ bciorr

rJ

| 005.17

.185.71

(1,635.r5)

t573,23)

(i2t.q:i)

0,268.3J)

104.6it

1s73.23)

(r-r2.06)

(2:t?)

(12:.37)

40.5rJ

{1,268.3'1)

104.6,1

(1,1j55,86)

'10.58

(r,26314)

104.64

(r,655.86)

(r.268.J4)

104.64

(1,655,ri6)

1225.00

ti,22500

i,225.00

(20 r1)

r l7-8i

tr(I-oss)

fron Ordnrary l.dvnics ifter

tax

(t10)

t,ll

t 29

781,30

(20.r1)

t0

N.t trofi

l,l{1.5t

139.41
1{14.64

60,61)

(20.t

r'nri|/(L^.) rio'n Ondindry.\!

.131.68

(1,268.1t)

158 00

Prcfiy(ro$) rroN ordtuiry actiritics dJterfinancc

(96:1.43)

1l
I3

1l

Net lJiori V(l-o$) for the penod (11-12)

jharc ot Proril/ ( r-o$) of iso.ial!

290.57

tj70.ql

ll
Net

lrofiv(Los) aftcr tar.s,,nn,ority intorcshnd

share

ofProfiv(Lo$) of

updluitr sharecaprral (ri.c vilueof Rs l0eaih)

lle*i\es er.lu.ling Fvaluation fese^,es is per lialdn. shiri oi
P,rid

l5

5,225.00

pre\ ious

(.rBisi. ind djluren EPS betor. [\traoi.linn'r iteors ror th. pcrorl, lor lh. \ err t.
.lattnnd tor thc pre\rous lear(rotto bennnualiz.d)
(b) lt.tsic.nd diluted [tS dfrcr [\traordiniN itc.15 for the t)eriod, for rh. ) edr lo
lale nnd lor tle Dreyious vedrlnotto lrnnnuali2pdJ

(6r8.01)

(9s.43)

290.57

5,225 00

t22j00

5,225.00

r,017.81

1,396.10

2,819.8:

la.t7)
(2.11)

0.20

(1.

r/l

3i)

056

(165)

0.56

(1

(r.09)

(q\
-I\ //.7

4'

(b6/s,
Pi(turehouse l/ledio Limited,
Corp. Office: Plot l.lo. 83 & 84 4th Floor Punnoioh Ptozo Rood No.
Bonloro Hills Hyderobod , 500 034 I: +91 40 673O 9999
F: +91 40 6730 9988

Regd. Office: KRM Centre 9th tloor No. 2 Ho(insion Rood Cherper
Chennoi - 600 031 I: +91 44 3O2a 557a F: +91 44 3o2B 5s7t

info@pvpgloboi.com pvpcinemo.corn
CIN: L92l 9lTN2000PtC044077

!!re

!!!J! !!!!!!!! r!_t!!!

Star dalone

Consolidated
Yrar ended
31-Mar-16
31'Mar-15

PARTICULARS
EQUITY AND LIABILITIES

31'Mar-16

31-Mar-15

Auditd

Audited

Audited

Audited

Shareholders' Funds:
(a) Share Capital
(b) Reserves and SLrrptus

5,225.0A

Share applicarion

noney pending

3,225.00

3,225.00

5,225.00

1,037.82

1,896.40

2,859.85

4,606.96

!'%r!2

7,121.40

8,084.85

6,138.i2

1,767.99

8,285.89

7,942.30

,a.u,

39.9.2

,u.0,

$]le_

8,370.92

&010.54
12,917.73

(618 04)

(c) Money received againstshare s,arranrs

otmenr

Non-.urrent Iiabitiries:
(a) Long-term borrowings

(b) Deferred tax liabiiities (Nci)

(c) Othr Long+erm liabilities
(d) Long-ieh provisions

6.11

6,192.20

luhent liabiliries:
(a) Short-term

borrowhgs

(b) Trade payabtes

(c) Other currenr liabilities
(d) Shorrierh provisjons

Total
,ssETS:

(i) Tangibte assets

(ji) Intangibte assets

(iii) Capjtal work_in progfess
(iv) Intangibte assets under development
(b) Non-cu!rent invcstmenls
(c) Deferrd tax assrs (Nt)
(d) Long-tern loans and actvances
(e) Other non-currnt assets

6.41

5,103.33

3,006.srt

75,219.39

64.94
226.09

34.3{i
770.7ti

77.t2

39.56

311..11

1.14_09

70.72

0.94

434.27

.137.55

1409.08

3;152,62

\6,442.78

13J68.33

16,208,24

14229.76

31,934.50

29,663.72

185.03

226.12

185.14

,,rorru

z,sai.n

13.00

38.06

31.56

38.05

z,zso.z7

,.ra

3.92

2,a24.86

270.13

306.49

7,777.26

9,650.76

43.00

rodwill on consolidation

(a)

Curenr investmenis

(b) Invenioris
(d, (

dshdnJ.d\hcqujvJte Ls

/e' chJ-L-tPrm lodn\ dnd

(4 other current

ddv.,n.t.

assers

roul
1

700.00

9,650.76

nrr.aderPLer\able\

250.15

250.15

7].25

214.9A

3,206.4r

3,288_81

239.40

183.85

13,417.97

l't,404.90

____t:l!!jl_L

14,229.76

82.83

cuoi,ur r-'a

".a

ri..."i*;;;;;;:,:;;:T:-:"t

t*'ompanv and

Lhorlv o{'ned subsi.iades

3 Tne ligures oftast quafter endcd Marcir

31,2016 are the balancing figures between
audite.
31'2016 and the pubiisrred
veu' ro date ri8;res upto th;a q,**.|iii".""".i;;ffi;j"|il:::l'

4 Previous period figures have

ie

20,$6 3a

s't,654,38

29,357.23

31,9U.50

29.663.72

228.46
|

The above results are reviwed bv th

Audit cornrnittee and approvecl by the
Board of Directors rn rheir meeting herd

2 The Consolidared financiat resutts

include the

21,,rl0.38

on 23rd Mav

2016.

rvlls pvp cinema |rivate Lt.r. M/s pvp

*Pect ol the rul

rinanciar vear ended Nrarch

been regroupeo, wnerever necessary,

for itre purpos ofcomparison.

5 The Company operates in Media

ard relaed segments, hence segment reporiing
is not applicable.
6 Thase resLrlts are also avaitabte at
the wabsiie or ihe Contpany at ws,w.pvpcincnu.com.

lgl

PRASAD V. POTLURI

Managing Dirccior
Date:

May2t

2016

al

(b=

CNGSN & ASSOCIATES LLP

S, NEELAKANTAN

Dr. C.N. GANGADARAN

B Com , FC;A

B.Com, FCA,

R. THIRUMALMARUGAN

G. CHELLA KRISHNA

M Com , FCA

N,.Com., FCA, PGPM

lv8ll/

(Lond ). Ph d

B. RAMAKRISHNAN

CHARTERED ACCOUNTANTS

D. KALAIALAGAN

B.Com., Grad. CWA, FCA

B.Com.. FCA

No.43, (Old No.22), Swathi Court, Flat No. C & D,

V. VIVEK ANAND
B Com., FCA

NYAPATHY SRILATHA

K. PARTHASARATHY
B.Com FCA

E,K. SRIVATSAN

Vijayaraghava Road, T. Nagar, Chennai - 600 017.

Iel +91-44-4554 1480 i 81, Fax . +91-44-4554 1482
Web . www.cngsn.com ;Email :info@cngsn.com

lM.Com., FCA, PGDFM

B.Com . ACA

INDEPENDENT AUDITOR,S REPORT

To the Board of Directors

of picturehouse

Media Limited, Chennai

1
We have audited the accompal]nng statements of Standalone Financial
picturehouse Media Limited (the company) for
Results
the
_(the statement) of
year ended March 31, 2016, being submitted by the Company pu;su;t
to the
requirement of Regulation 33 of the sEBI (Lisiing obligalions-and Disclosure
Requirements) Regulations, 2015. This statement;hich"is the responsib ity
oi
the Company's Management ald approved by the Board of Directors, has been

prepared on the basis of the related financiar statements which are in

accorda'ce with the Accounting standards prescribed under section 133 of ttre
Companies Act, 2013, as applicable and other accounting principles generally
accepted in India. our responsibility is to express an opinion on the stalement.

2.a. we conducted our audit in accordance with the Standards on AudiLing

rssued by the Institute of chartered Accountants of India. Those StandardS
require that we comply with the ethical requirements and plan and perform the
audit to obtain reasonable assurance about whether the statements are free
from material misstatemenrs.
2.b.

An audit involves performing procedures to obtain audit evidence about

the amounts and the disclosure in the statements. These procedures serected
depend on the auditor's judgment, including the assessment of the risk of
material misstatement of the statements, whether due to fraud or error. In
making those risk assessments, the auditor considers internal finalcial control
relevant to the Company's preparation of t-he statements that give a true a'd
fair view in order to design audit procedures that are appropriate in the
clrcumstarces. An audit also includes evaluating the appropriateness of the
accounting policies used a''d the reasonableness of the -accounting estimates
made by the Management, as weli as evaluating the overall presentation of the
statements.

2.c. We believe that the audit

evidence obtained by us is suffrcient and

approprlate to provide a basis for our audit opinion or: the statements.

CNGSN & Associates LLP, a Limiled Liability partnership with LLp ldenlitv No AAC S4O2
Regd Otfice : Agaslyar Manor, No.2O, Raja Street. T Nagar. Chenna, - OOO Ot Z
puducherry
Oftices
Chennai
Veltore
Hvderabad

at .

2.d.

Emphrrsis of Matters

In our Independent Audit Report to tLrc members, attention i.s d.rant_tn

to the notes
to the financial statements uith regard. to the roans and od.uance
for Qtm Tnin e
and Film under-production expenses (wlq. rhe management is 6y
tne
these items are consid.<zred good and reari.z,able ii the ordiiary uilut that
iJ
business. Ho,teuer tuere unoble to d.etermine whether ong ad.justments"our""
to
thesl
carrying amounts are necessary and prouision
for d.iminuiion,-if ong, to be mad.e
dep7ryds on the future euents. Our opinion ii respect of thise
iatters b not
modifted.

3.

In our opinion arrd to the best of our information and according to tJle
explanations given to us, the Statement:

i)

is presented in accordance with the requirements of Reguration 33 of

the
SEBI (Listing Obligations and Disclosure Requiirements) Regulations,
2O1S;
and

ir)

give a true ald fair vlery in conformity with the accounting principles
generally accepted in India, of tlre Loss, and other financial
information of the
Company for the year ended March 37,2i:O76.

4.

The Statement includes the results for tlle euarter ended March 3 I
,
2016 being the balancing flgure between audited figures
rn respect of the full
frnancial yeg and the pubrished ear to date figures"up to the tlird quarter
of
the current financia.l vear.
for M/s CNGSN & ASSOCIATES LLp
Camp: Hyderabad
Date : 23.d May, 2076

CHARTERED ACCOUNTANTS
Firm Registration No: 0O4915S

iI

cle ;r''u't ,;"

R. Thirumalmarugan

Partner
Membership No:

2OO1O2

S. NEELAKANTAN

Dr. C.N. GANGADARAN

B Corn., FCA

B.Com., FCA, iVBllV (Lond

R. THIRUMALMARUGAN

G. CHELLA KRISHNA

lvl

CNGSN & ASSOCIATES LLP

Com., FCA

Ph d

N4.Com., FCA, PGPN4

B. RAMAKRISHNAN

D. KALAIALAGAN

CHARTERED ACCOUNTANTS

B.Com., Grad. CWA, FCA

B.Com., FCA

No.43, (Old No.22), Swathi Court, Flat No. C & D,

Vijayaraghava Road, T. Nagar, Chennai - 600 017.
Tel: +91-44-4554 1480 181; Fax +91-44-4554 1482
Web : www.cngsn.com ; Email : info@cngsn.com

V. VIVEK ANAND

NYAPATHY SRILATHA

B.Com., FCA

M.Com., FCA, PGDFIM

K. PARTHASARATHY
B.Com FCA

E.K. SRIVATSAN
B.Com.. ACA

INDEPENDENT AUDITOR,S REPORT

To the Board of Directors

of picturehouse

Media Limlted, Chennai

1
We have audited th^e accompanying statements
of Consolidated Finalcial
Results (the statement) of pictureiroul. 'na"at"
i#,.d
(th" H;dr";;"-i#"r
and its. sub-sidiaries (the Holding company
uni-it"-",
o"rorarles together referred
to as the Group) for the year ended March zt,borc,
being
company pursuarrt. to- the requirem"ni oi n"grrutionsub-mittei;;';;
|gtalns
33 of the SEBI
(Listing Obligations and Discto.sur. i.t;;;;;s)
Regutations,
2015. This
statement which is the responsibility of ihe
Holding Company,s Ur-"g"-.",
a''d approved by the Board of Directirs, hu" ;;;;;."pared
on the basis of the
related consolidated frnancial statements which are
in
accordance
with the
Accounting Standards prescribed under section.iSS
of
the
Compalies
Act,
2013, as applicable and other accounting p.-;i;i;" g"""rally
accepted
in India.
Our responsibility is to express al opiniJn-on the
Statement.
2.a.

We conducted our audit in accordance wittr

the Staldards on Auditing
rssued by the Institute of Chartered Accountants
of
India. Tho".a;;;;:
requrre that we comply with the ethical requirements
and plan and perform the
audit to obtain reasonable assura'ce about whether ttre
statements are free
from materia_l misstatemenrs.

involves performing
1l
*T audit
the amounts
and the disclosure

procedures to obtarn audit evidence about

in the statements. These procedures

depend on tl.e auditor's judgment, incruaing iile
ot the""r."i.i
risk of
material misstatement of the statements, wliether assessment
due
to
fraud
.;
;.;;;. h
making those

risk assessments, the auditor considers rnterna] financial

control
Holding Company's preparation of the statements
.the.
that
give a
true and fair view in order to. design audit procedures that
a-re
in
the circumstances. An audit also in-crudes
"pp.op.fut"
trr.
appropriateness
of the
accountlng policies used and the reasonableness
"t'"r""irrgo"f the iccounting
made by the Ma'agement, as werl as eva-luating
""tr-"i."
ihe overa. presentation
of the
statements.
relevant, to

2.c. We believe that the audit evidence obtaineri by us is

sufficient arrd
appropriate to provide a basis for our audit opirrion
o., the statements.

CNGSN & Associates LLe a Limited Liabjtity partnership with LLp tdentitv No.AAC-9402
Regd. Office : Agastyar Manor, No_20. Reja Stfeet, T.Nagar, Chenna;- 600 017
puducherrv
Oftices
Chennai
Vellore
Hvderabad

at .

2.d.

Emphasis of Matters

In our Independent Audit Report to the members, attentton i,s dranun

to the notes
to the fi.nancial statements uith regard to the locLns and
ad.uonce for fitm Tnince
a,nd FiIm under-production expenses (wlp). The management
is o7 tie uiew that
these items are considered. good. and 'reatizable ti tn oraiiorg"
business Howeuer uere unable b determine tuhether ana ad.justments;;;;';f
to these
carrying amounts are necessary and. prouision
diminulion,"if ang, to be mii.e
for
dep9.ryds on the fuh'tre euents. atr ipinion ii respect
of thise iatters is iit
modified.

2.e.

Other Matter

we did not audit the financial statements of two subsidiaries, whose

finarrcia_t
statements reflect totar assets (net) of Rs.rg224.g3 lakhs
as at 3i* March.
Tf
9;,,^.1{ revenues of Rs.3434.60 lakhs and net cash ows amounrins to {lr(s +v 64 lar-h s lor the vear then ended. as considered in the consoli"dated
frnancial statements. These financiar statements have been audited
by other
auditors

whose reports have been furnished to us by the Managemer_rt

urra orri
opinion on the statements, in so far as it relates to the arnounts
and disclosures
respect of these subsidiaries is based solely on the reports
of the
11:1:d"d.1l
olner audltors_

3.

In our opinion and to the best of our information and according to

the
explanations given to us, the Statement:
r)
includes the results of the followine entities
PVP Cinemas plt Ltd
PVP Capital Ltd
Picturehouse Media private Ltd, Singapore

i)

is presented in accordance with the requirements of Regulation

33 of the
strBI (Listing obligations and Disciosure Requirements) Regura'tions,
20rs; anJ
i1) give a true and fair vi9i1 in conformity with the accounLing principles
generally accepted in India, of the Loss, and other financial
informition of the
Group for the year ended March 3I,2016.
for M/s CNGSN & ASSOCIATES LLp
Camp: Hyderabad
Date : 23.d May,2O16

CHARTERED ACCOUNTANTS
OO49 15S

Firm Registration No:

\-.--

R. Thirumalmarugan

Partner
Membership No: 200102

Form A

{for audit
1
2

)rt with unmodified opil

Name of the company

Annual f inancial statements for
the year ended

Pictu rehouse Media Lin

Tvpe of Audit observation

Frequency of observation
To be signed by-

Un Modif ied
Not Applicable

Managing Director

nI

ted

31st March, 2016

G -4
Mr. Prasad V Potluri

cFo
;,

LLP

)4915S)

Auditor of the company

L---=t--_
Mr. Thirumalmarugan
Partner. M. No.: 200101

K\-;;
Audit Committee Chairman

Mr.

Nagaraja n

Form A

with unmodified opinion)

(for audit
Name of the com
Annual fina ncia I statements
the year ended

Pictu rehouse Media Limited

for

9l 49!, t 9!!!rv91icl
ue ncy of observation

IJpe_
F

req

31st March, 2016

Un Modif ied
Not Aoolica ble

To be signed by-

d
Managing Director

Mr. Prasad V. Potluri

,RJ"-"

For CNGSN & Associates, LLP

rtered Accou ntants

(Firm Registration No.004915S)

Cha

Auditor of the company

Mr. Thirumalmarugan
Partner. M. No.: 200102

Audit Committee Chairman