Entertainment Network (India) Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
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On the reaction day the stock moved 2.4 pts less than Nifty Microcap 250 and 2.1 pts less than its Media & Entertainment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Entertainment Network (India) Limited received an income tax assessment order dated 27 March 2026 from the Assessment Unit of the Income Tax Department for Assessment Year 2024-25 (FY 2023-24). The order levies a tax demand of Rs. 113.20 Crore, including applicable interest, alleging certain additions or adjustments to the income reported by the company. The company does not agree with the observations and adjustments made in the order. On 26 April 2026, the company filed an appeal before the Hon'ble CIT(A) to contest the order. The company states the order does not have any major adverse impact on its financial position, operations, or other activities.
The Rs. 113.20 Crore tax demand represents a significant contingent liability, though the company is actively contesting it. If the appeal fails, it could materially impact the company's financials and cash position. For now, the stock is unlikely to see major movement as the dispute resolution may take time.