Media Matrix Worldwide News

Media Matrix Board Meet Set for Feb 10 to Review Q3 Results

Media Matrix Worldwide Limited has scheduled its Board meeting for February 10, 2026, to consider and approve Q3 FY26 unaudited financial results for the quarter and nine months ended December 31, 2025.

Media Matrix Worldwide Shifts Office to Haryana

Media Matrix Worldwide Limited issues creditor notice for proposed registered office relocation from Maharashtra to Haryana, following shareholder approval in September 2025 AGM.

Media Matrix Worldwide Reports Q2 FY2026 Financial Results

Media Matrix Worldwide Limited's Board approved unaudited financial results for Q2 and half-year ended September 30, 2025, on both standalone and consolidated basis. The company, engaged in digital media and electronic items trading, reported consolidated net profit of Rs. 268.17 lakhs for the half-year period with total assets of Rs. 43,898.78 lakhs.

Media Matrix Worldwide Under Scrutiny for Extensive Related Party Transactions Worth Over ₹2,000 Crore

Media Matrix Worldwide, a B2B technology and services provider, has come under focus for its complex web of related party transactions that significantly exceed regulatory thresholds. The company operates through two subsidiaries - NexG Devices (mobile handset distribution for brands like Vivo, Xiaomi, Realme) and Media Matrix Enterprises (investment arm). With revenue of ₹1,887 crore, any related party transaction above ₹188.7 crore requires shareholder approval per SEBI rules. However, the company's related party transactions are substantially higher: NexG's transactions with Infotel Business Solutions totaled over ₹430 crore, while transactions with NexG Ventures reached ₹230 crore. The parent company reported ₹2,076 crore in sales to IAEPL and ₹617 crore in purchases from IBSL. Balance sheet items include ₹2,759 crore equity in NexG, ₹2,103 crore equity in MMEPL, and over ₹10,220 crore in debentures in MMEPL, despite negative cash flow from operations of ₹26 crore. The promoter group holds 59.3% stake, with the company functioning more as a holding and funding entity than an independent tech business. The stock was locked in upper circuit but remains 38% lower over 12 months.