Receipt of TDS demand notice of about Rs 1.72 crore

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RADAAN · price

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Price reactionminutes from the announcement price · days from the prior close

-1.2%Reaction day

₹3.25

prior close

₹3.48

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.5%-1.7% vs market

Media & Entertainment peers, median of 12sector+1.5%-2.7% vs sector

On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 2.7 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.

Minutes after the announcementfrom the announcement price · no benchmark

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-1.2+0.5-1.7+1.5-2.7

Next day

+0.6-0.1+0.7-0.1+0.7

-0.6+1.0-1.6+0.4-1.0

-0.9+2.3-3.2-0.0-0.9

-0.9+2.8-3.7+1.4-2.3

-3.7+4.1-7.8+1.0-4.7

-5.8+4.5-10.3-2.1-3.7

15d

-9.8+4.8-14.6-2.0-7.8

-5.5+6.4-12.0-4.2-1.4

-8.0+5.5-13.5-6.6-1.4

-16.3-1.7-14.6-16.0-0.3

UpDownMarket · Nifty Microcap 250Sector · Media & Entertainment peers, median of 12Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Radaan Mediaworks received an Income Tax demand notice of about Rs 1.72 crore (including interest) from the Deputy Commissioner of Income-Tax, TDS Circle-2, Chennai. The demand relates to TDS shortfalls for financial years 2021-22, 2022-23, and 2024-25 under Sections 201(1) and 201(1A) of the Income Tax Act. The company clarifies the amount is not disputed and has already been recorded in its books of account. It is reviewing the orders and will take appropriate action.

Likely market impact

Minimal impact as the amount was already provisioned in books; unlikely to materially affect financials since it is not a new or disputed liability.