Eros Media World
PLC
Announces Significant
Financial Milestones
March 03, 2025
Mumbai, INDIA
Eros Media World PLC ("EMWP" or the
"Company"), a leading global Indian film entertainment company, is
pleased to announce that it has successfully repaid in full its
outstanding bank debt in India, including principal and interest,
totaling approximately USD 56 million at current exchange rates,
over last three years.
At the Annual General Meeting held on
February 28, 2025, the Company's India subsidiary, Eros
International Media Limited ("EIML"), informed its shareholders
that the full repayment was completed during Q3 of the fiscal year
2024-25. This follows the successful implementation of EIML's Debt
Resolution Plan under the Reserve Bank of India's circular on
"Resolution Framework for COVID-19 Related Stress," dated August 6,
2020. EIML had previously announced successful implementation of its Debt Resolution Plan on June
22, 2021, for an outstanding aggregate debt of INR ₹468.07 Crs. at
the time.
This milestone marks a significant
step in strengthening EMWP's financial position, ensuring a more
robust foundation for the Company's future strategic
initiatives.
Kishore Lulla, Director of Eros Media
World PLC, stated: "With the
successful repayment of our bank debt in India, we have
significantly strengthened our financial health, reinforcing our
long-term commitment to financial discipline. This achievement
allows us to focus on growing our entertainment business and
unlocking new opportunities for value creation."
Eros Media World remains committed to
delivering high-quality content and expanding its global footprint,
supported by a strong financial position and a debt-free status in
India.
ABOUT EROS MEDIA WORLD PLC:
Eros Media World Plc, ("EMWP", the
"Company") is a global media and entertainment company that
acquires, co-produces and distributes films, digital content and
music across multiple formats such as theatrical, television, OTT
digital media streaming and emerging web 3.0 ecosystem to consumers
around the world. Eros International Media Limited (EIML) is a subsidiary of
EMWP, listed in India as EROSMEDIA (BSE: 533261 | NSE:
INE416L01017)
For more details -
https://erosmediaworld.com/
Investor contact -
Investors@erosintl.com
