Zee Media Corporation Limited has informed the Exchange that Company has received a favourable Order dropping the proceedings against the Company initiated through Demand cum Show Cause Notice.For more details, please refer the attachment.
ZEEMEDIA · price
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Zee Media Corporation received a favourable order from the Office of the Assistant Commissioner, Central Goods and Services Tax, Division-1, Noida, dated February 23, 2026. The order dropped the Demand cum Show Cause Notice (SCN) that was originally issued on September 19, 2025 by the Principal Commissioner of Central GST, Noida. The original notice pertained to an alleged inadmissible Input Tax Credit (ITC) of approximately Rs. 1.11 crore, along with applicable interest and potential penalty. With this order, the company is no longer required to pay the disputed ITC amount or face penal action on this matter. The company has confirmed there is no financial or operational impact from this development.
This is a positive outcome for Zee Media as it removes a potential tax liability of around Rs. 1.11 crore plus interest and penalty. Shareholders can view this as relief from a regulatory overhang, though the amount is relatively small and may not materially move the stock price.