Radaan Mediaworks India Limited has informed the Exchange about Action(s) taken or orders passed
RADAAN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Radaan Mediaworks has received orders from the Commissioner of Income Tax (Appeals), Chennai, under Section 250 of the Income Tax Act for three assessment years: 2015-16, 2016-17, and 2017-18. The orders, dated 9th May 2025, treat the company's appeals for these years as allowed. The impact is stated to be limited to tax credit receivables, suggesting the company has prevailed in the appeals. The disclosure was made under SEBI LODR Regulation 30.
Positive for shareholders — the favorable appeal outcome reduces the company's tax demand exposure and may recover tax credit receivables, though specific monetary quantum is not disclosed.