Announced Wed, 30 Sept, 2026 · 12:37 IST
Tax demand of Rs 97.16 lakh from Chennai Commercial Taxes Department
CYBERMEDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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AI summary
Cyber Media received an assessment order from Chennai's Commercial Taxes Department dated September 29, 2026 demanding Rs 97.16 lakh total. This includes Rs 32.42 lakh for FY 2001-02 under Central Sales Tax Rules and Rs 64.74 lakh under the Tamil Nadu General Sales Tax Act, 1959. The company states no impact on operations, disagrees with the order calling it against settled law, and plans to file a writ petition in consultation with its legal team.
Likely market impact
Minor one-time tax demand that the company contests legally. No operational impact disclosed. Likely immaterial to financials if challenge succeeds.