1. FY27 revenue - INR 200 cr Missed - At the Q2 FY25 call (Sep 2024), management guided FY27 revenue of INR 200 cr, stating no challenges were seen in projections. The Q1 FY26 PPT formally revised FY27 revenue guidance to INR 75 cr; FY26 actual revenue was INR 66.02 cr (SQL).
2. Project Abhimanyu - 12-18 month strategic programme Pending - In Feb 2026, the company announced Project Abhimanyu, a 12-18 month programme to strengthen the capital structure and rebuild confidence. The window runs to at least Feb 2027, and our record holds no further disclosure on milestones or progress.
3. Promoter debt-to-equity conversion - INR 11 cr preferential issue Partial - In Feb 2026, the company proposed converting \~INR 11 cr of promoter debt into equity via a preferential issue. The postal ballot was withdrawn in Mar 2026, but a revised proposal received in-principle NSE approval in Jun 2026.
4. Bonus issue - 1:1 credited within two months from Board approval Pending - In Sep 2025, the Board approved a 1:1 bonus issue with shares expected to be credited within two months, and the record date was fixed as 10 Oct 2025. Evidence of actual crediting or completion is absent from the cited sources and snapshot.
5. Jio Cinema 58-episode contract - INR 30 cr revenue by end of FY25 Missed - In Sep 2024, management stated the Viacom18 contract for 58 episodes would generate about INR 30 cr by end of FY25. Filming was delayed to Mar-Apr 2025 due to the Jio-Hotstar merger, and the expected FY25 revenue did not materialise.
6. QIP fundraise - INR 45 cr completed by November 2025 Missed - At the Q2 FY26 call (Sep 2025), management guided the INR 45 cr QIP would be completed in Nov 2025. The fund-raising proposal, later revised to INR 35 cr QIP plus INR 20 cr warrants, was formally withdrawn in Feb 2026.
7. FY26 PAT - INR 11 cr Delivered - At the Q2 FY26 call (Sep 2025), management guided FY26 PAT of INR 11 cr. FY26 full-year consolidated PAT was INR 12.64 cr (SQL), exceeding the guided figure.
8. FY26 top line - INR 60-65 cr (conservative) Delivered - At the Q4 FY25 call (Mar 2025), management guided FY26 top line of INR 60-65 cr on a conservative basis. FY26 full-year consolidated revenue was INR 66.02 cr (SQL), beating the upper end of the guided range.
9. Workforce expansion - 350 to 500 by Dec 2024-Jan 2025 Missed - At the Q2 FY25 call (Sep 2024), management guided workforce expansion from 350 to 500 between Dec 2024 and Jan 2025. FY25 headcount remained at 350+, and management acknowledged \~100 people had been laid off by Feb 2025.
10. AI platforms - significant bottom-line contribution by Q4 FY25 Missed - At the Q2 FY25 call (Sep 2024), management guided AI platforms would contribute significantly to bottom line by Q4 FY25. FY25 full-year PAT was -INR 7.20 cr, with H2 FY25 PAT at -INR 10.03 cr (SQL; D6 p.24).
11. AI announcement - "own version of Sora" within a couple of months Delivered - At the Q4 FY24 call (Mar 2024), management guided an AI announcement on their own version of Sora within a couple of months. In Oct 2024, the company announced it had created fully AI-generated motion-based video content up to a minute long.
12. $25 million revenue - by FY26 Missed - At the Q4 FY24 call (Mar 2024), management guided a goal of $25 million revenue by FY26. FY26 full-year consolidated revenue was INR 66.02 cr, approximately $7.8-8.0 million (SQL).
13. FY25 PAT margin - 25% Missed - At the Q4 FY24 call (Mar 2024), management stated the 25% PAT margin guidance for FY25 had not been moved from. FY25 full-year PAT was -INR 7.20 cr on Net Sales of INR 36.05 cr, yielding a PAT margin of -19.97% (SQL; D6 p.24).
14. FY25 consolidated revenue - INR 100 cr top line, with INR 80-100 cr "exceptionally well" Missed - At the Q4 FY24 call (Mar 2024), management guided an internal target of INR 100 cr top line for FY25, with INR 80-100 cr considered exceptionally well. FY25 full-year Net Sales were INR 36.05 cr, declining 23.63% YoY (SQL; D6 p.24).