Entertainment Network (India) Limited has informed the Exchange about General Updates
ENIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Entertainment Network (India) Limited has received an income tax assessment order from the Income Tax Department for Assessment Year 2024-25 (FY 2023-24). The order, dated 27 March 2026 and received on 28 March 2026, raises a tax demand of Rs. 113.20 Crore including applicable interest. The order alleges certain additions and adjustments to the income reported by the company. The company has stated that it does not concur with the observations and believes it has strong legal and factual grounds to contest the demand.
While the company claims no major adverse impact on its financial position, the Rs. 113.20 Crore demand is significant and could create short-term uncertainty. The stock may see some negative reaction until the company clarifies its legal position and next steps, including any appeal before higher tax authorities.