Net Pix Shorts repays Rs 96.13 lakh of long-term debt

Net Pix Shorts Digital Media Limited repaid its entire Rs 96.13 lakh of long-term borrowings in the half year ended September 30, 2026, leaving no such balance, while cash and cash equivalents fell to Rs 0.31 lakh from Rs 1.53 crore at March 31, 2026. The standalone cash-flow statement records Rs 96.13 lakh of net debt repayment.

What changed in Net Pix Shorts' borrowings and liabilities?

Net Pix Shorts eliminated its Rs 96.13 lakh long-term borrowing balance during the half year ended September 30, 2026. Long-term borrowings were nil at September 30, compared with Rs 96.13 lakh at March 31, 2026, and the cash-flow statement reported an equal amount as net repayment of long-term borrowings. The company reported no short-term borrowings at either balance-sheet date.

Current liabilities increased to Rs 31.03 lakh at September 30, 2026 from Rs 1.18 lakh at March 31, 2026. Other current liabilities accounted for most of the movement, rising to Rs 30.08 lakh from Rs 0.36 lakh. Trade payables to micro and small enterprises increased to Rs 0.57 lakh from Rs 0.51 lakh, while dues to other enterprises rose to Rs 0.37 lakh from Rs 0.30 lakh.

Shareholders' funds declined to Rs 5.78 crore from Rs 5.87 crore over the six-month period. Share capital was unchanged at Rs 3.20 crore, while reserves and surplus fell to Rs 2.58 crore from Rs 2.67 crore. The Rs 8.30 lakh reduction in reserves and surplus matched the net loss reported for the half year.

How did Net Pix Shorts' assets change by September 2026?

Net Pix Shorts reported total assets of Rs 6.09 crore at September 30, 2026, down from Rs 6.84 crore at March 31, 2026. Non-current assets rose to Rs 2.72 crore from Rs 23.10 lakh, whereas current assets fell to Rs 3.37 crore from Rs 6.61 crore. The asset movement coincided with the removal of the Rs 4.90 crore inventory balance reported at March 31.

Inventories were nil at September 30, 2026, compared with Rs 4.90 crore six months earlier. The cash-flow statement showed a Rs 4.90 crore inventory movement within operating activities for the half year. The financial-results statement also recorded Rs 4.90 crore under changes in inventories of finished goods, work in progress and stock in trade, compared with negative Rs 10.24 lakh in the corresponding September 2025 half year.

Long-term loans and advances rose to Rs 2.51 crore at September 30, 2026 from Rs 0.77 lakh at March 31, 2026. Trade receivables declined to Rs 0.17 lakh from Rs 17.37 lakh, while property, plant and equipment decreased to Rs 5.15 lakh from Rs 5.83 lakh. Deferred tax assets declined to Rs 15.37 lakh from Rs 16.50 lakh.

The assets-and-liabilities statement reported cash and cash equivalents of Rs 0.31 lakh at September 30, 2026. Its current-assets subtotal was Rs 3.37 crore, versus Rs 6.61 crore at March 31, 2026. Net Pix Shorts operates in one segment, production of short films and songs on various digital platforms, according to the notes to its financial results.

What does Net Pix Shorts' cash-flow statement show?

Net Pix Shorts recorded a net decrease of Rs 1.53 crore in cash and bank balances during the half year ended September 30, 2026. Cash and cash equivalents were Rs 0.31 lakh at the end of the period, compared with Rs 1.53 crore at its beginning. The statement was prepared using the indirect method under Accounting Standard 3 on cash-flow statements.

Operating activities used Rs 56.89 lakh in the September 2026 half year, compared with Rs 18.87 lakh used in the half year ended September 30, 2025. Loss before tax was Rs 7.17 lakh, depreciation was Rs 0.68 lakh and income tax paid was Rs 0.61 lakh. The statement showed operating profit before working-capital changes of negative Rs 6.49 lakh.

Financing activities used Rs 96.13 lakh in the half year ended September 30, 2026, compared with Rs 21.89 lakh generated in the September 2025 half year. The September 2026 financing outflow was the net repayment of long-term borrowings. Net cash from investing activities was nil in both half years shown in the filing.

How did Net Pix Shorts perform in the September half year?

Net Pix Shorts reported a net loss of Rs 8.30 lakh for the half year ended September 30, 2026, compared with a loss of Rs 7.06 lakh in the half year ended September 30, 2025. Loss before tax was Rs 7.17 lakh, followed by deferred tax expense of Rs 1.13 lakh. Basic and diluted earnings per share were negative Rs 0.26, compared with negative Rs 0.22 a year earlier.

Revenue from operations increased to Rs 3.35 crore from Rs 21.16 lakh in the corresponding prior-year half. Total income was also Rs 3.35 crore because Net Pix Shorts reported no other income in the September 2026 half year, against Rs 0.08 lakh of other income a year earlier. Total expenses rose to Rs 3.42 crore from Rs 23.91 lakh.

Operating expenses were negative Rs 1.56 crore in the September 2026 half year, compared with Rs 25.26 lakh a year earlier. Other expenses increased to Rs 5.91 lakh from Rs 4.79 lakh, while depreciation and amortisation rose to Rs 0.68 lakh from Rs 0.44 lakh. The financial results were approved by the board on November 14, 2026 after review and recommendation by the audit committee.

B. L. Dasharda & Associates issued its review report on November 14, 2026. The reviewer said nothing had come to its attention that caused it to believe the unaudited standalone statement had failed to disclose required information or contained a material misstatement. The report stated that the review was not an audit and did not express an audit opinion.

Conclusion

Net Pix Shorts' September 2026 statements show that the Rs 96.13 lakh long-term borrowing balance was fully repaid, but this occurred alongside a Rs 1.53 crore decline in cash and Rs 56.89 lakh of net cash used in operating activities. Inventory fell from Rs 4.90 crore to nil, while long-term loans and advances rose to Rs 2.51 crore.

The next standalone disclosure will show whether Net Pix Shorts rebuilds cash after closing September with Rs 0.31 lakh, and whether current liabilities of Rs 31.03 lakh change. It will also provide the next update on long-term loans and advances, which increased from Rs 0.77 lakh at March 31, 2026 to Rs 2.51 crore at September 30, 2026.