Entertainment Network (India) Limited Receives Income Tax Assessment Order
Entertainment Network (India) Limited announced on March 29, 2026, that it received an income tax assessment order from the Assessment Unit of the Income Tax Department. The order, dated March 27, 2026, pertains to the Assessment Year 2024-25 (Financial Year 2023-24) and levies a tax demand of Rs. 113.20 Crore, including applicable interest.The company received the order and associated demand notice on March 28, 2026, at 12:46 P.M. Entertainment Network (India) Limited stated that it is currently evaluating the order and does not concur with the adjustments made, stating the company believes it has adequate legal and factual grounds to contest the assessment. Management indicated that the assessment order does not have any major adverse impact on the company's financial position, operations, or other activities.
Below is a summary of the details related to the assessment order:
| Sr. No. | Particulars | Details |
|---|---|---|
| 1 | Name of the authority | Assessment Unit of the Income Tax Department |
| 2 | Nature and details of the action(s) taken, initiated or order(s) passed | The Company has received an income tax assessment order under section 143(3) of the Income Tax Act, 1961 dated 27 March 2026 ('Order') from the Assessment Unit of the Income Tax Department for the Assessment Year 2024-25 (Financial Year 2023-24) levying a tax demand of Rs. 113.20 Crore including applicable interest on the Company. |
| 3 | Date of receipt of direction or order, including any ad- interim or interim orders, or any other communication from the authority | 28 March 2026 at 12.46 P.M. |
| 4 | Details of the violation(s)/ contravention(s) committed or alleged to be committed | The Order has been passed alleging certain additions/ adjustments to the income reported by the Company. |
| 5 | Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible | The Company is currently evaluating the assessment order and does not concur with the observations and adjustments made in the assessment order. The Company believes that it has adequate legal and factual grounds to contest the same and is taking necessary steps to protect its interest. The assessment order along with the demand notice does not have any major adverse impact on the Company's financial position, operations, or other activities. |
Mehul Shah, EVP - Compliance & Company Secretary, confirmed the disclosure.
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