Diligent Media Corporation Limited has informed regarding Disclosure of material issue

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DNAMEDIA · price

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Price reactionminutes from the announcement price · days from the prior close

+3.3%Reaction day

₹4.86

prior close

₹4.91

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.9%+1.4% vs market

Media peers, median of 18sector · industry level+1.5%+1.7% vs sector

On the reaction day the stock moved 1.4 pts more than Nifty Microcap 250 and 1.7 pts more than its Media peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+3.1

10m

+0.4

15m

+1.4

30m

+1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.3+1.9+1.4+1.5+1.7

Next day

+1.0+1.9-0.9+1.7-0.7

+1.2+2.4-1.2+2.0-0.8

+0.6+3.3-2.7+2.6-2.0

+1.4+3.4-2.0+1.6-0.2

+0.6+3.2-2.6+1.4-0.8

+6.6+3.7+2.9+1.5+5.1

15d

+2.5+5.4-2.9+2.8-0.3

-1.6+2.4-4.0+0.9-2.6

-2.9+0.8-3.7-2.5-0.4

-3.1+1.1-4.2-1.5-1.6

UpDownMarket · Nifty Microcap 250Sector · Media peers, median of 18Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Diligent Media Corporation Limited (DNAMEDIA) informed exchanges that its Board has given in-principle approval to a proposal from claimant Veena Investments Private Limited (VIPL) to set off the redemption of Non-Convertible Redeemable Preference Shares (NCRPS) — issued by the company to VIPL — against VIPL's obligation to repay Inter Corporate Deposits (ICDs) owed to the company. This is a continuation of arbitration proceedings filed against the company, first intimated on January 15, 2025. The sole arbitrator, retired Justice GS Patel, issued a procedural order on June 16, 2025, finding merit in VIPL's set-off proposal. The in-principle approval is subject to the final outcome of the arbitration and completion of legal and regulatory formalities.

Likely market impact

This move could help clean up the company's balance sheet by netting out mutual dues with VIPL, but the final position remains dependent on the arbitration outcome. For shareholders, this is a procedural step toward resolving a pending legal dispute rather than an immediate financial event.