Entertainment Network (India) Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
ENIL · price
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Awaiting price reaction for this filing.
The Madras High Court has ordered Entertainment Network (India) Limited (ENIL), which operates Radio Mirchi, to produce music logs for South Indian Music Companies Association (SIMCA) members covering August 2010 to December 2020. The Court has also directed the company to compute royalties owed to SIMCA members at the needle-per-hour rate as per individual agreements. The order, pronounced on 26 August 2025, does not currently direct any payment but requires compliance within four weeks. ENIL is obtaining legal advice and plans to appeal the order before an appropriate forum. The next hearing is scheduled for 26 September 2025.
The order is adverse to ENIL and could lead to a future royalty payout to SIMCA members if upheld, though no immediate financial impact has been quantified. Shareholders should watch for the appeal outcome and any royalty computation disclosures, as material liabilities could emerge.