This is in reference to the corporate announcement filed by the Company on July 12, 2025 under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ....
NETWORK18 · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Network18 has submitted to the stock exchange a Delhi High Court order dated July 8, 2025 in its writ petition against the Collector of Stamps, Delhi. The case concerns stamp duty on a jumbo share certificate, with the company arguing it was executed in Hyderabad and applicable Andhra Pradesh stamp duty was paid. The court disposed of the petition, following the precedent set in the Tata Teleservices case, noting that the Collector's order was only a prima facie view directing issuance of a show cause notice and not a final binding decision. Network18 retains the right to respond to the show cause notice and to approach the court again if aggrieved at any future stage. The underlying stamp duty dispute therefore remains unresolved and is still at the show cause / response stage.
Neutral to mildly negative for shareholders — the writ petition was disposed of without quashing the Collector's order, meaning the stamp duty matter (and potential penalty/prosecution risk) continues. However, the company preserves all future legal remedies, and no immediate financial liability has been crystallised.