Bennett, Coleman & Company Limited has submitted a regulatory disclosure to stock exchanges regarding its substantial shareholding in Entertainment Network (India) Limited, confirming no encumbrances on its equity stake during the recently concluded financial year.

Shareholding Declaration Details

The disclosure, made pursuant to Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, provides key information about Bennett Coleman's position as a promoter of the target company.

Regulatory Compliance Framework

The disclosure was submitted to both major Indian stock exchanges on April 2, 2026, fulfilling the mandatory reporting requirements under SEBI takeover regulations. Bennett Coleman, as the promoter entity along with persons acting in concert, confirmed that no encumbrances were made on the declared shares either directly or indirectly during the financial year ended March 31, 2026.

Corporate Communication Structure

The formal communication was signed by Chanda Makhija Thadani, Company Secretary of Bennett, Coleman & Company Limited, and copied to the Audit Committee of Entertainment Network (India) Limited. For any queries related to this disclosure, the company has designated Mr. Mehul Shah as the contact person.

Company Background

Bennett, Coleman & Company Limited operates from its registered office at The Times of India Building, Dr. D.N. Road, Mumbai, with Corporate Identity Number U22120MH1913PLC000391. The target company, Entertainment Network (India) Limited, is part of The Times Group and operates from Sunteck Icon, Santacruz East, Mumbai.

This disclosure represents standard regulatory compliance for substantial shareholders and demonstrates transparency in corporate shareholding structures as mandated by Indian securities regulations.

Entertainment network (India) Limited has filed an appeal against an income tax assessment order demanding ₹113.20 crore, including applicable interest, for Assessment Year 2024-25. The company submitted the appeal on 26 April 2026 before the Hon'ble CIT(A) based on legal advice received.

Assessment Order Details

The company received the income tax assessment order under section 143(3) of the Income Tax Act, 1961 dated 27 March 2026 from the Assessment Unit of the Income Tax Department. The order pertains to Assessment Year 2024-25 (Financial Year 2023-24) and was passed alleging certain additions and adjustments to the income reported by the company.

Company's Response and Position

Entertainment Network (India) Limited does not concur with the observations and adjustments made in the assessment order. The company believes it has adequate legal and factual grounds to contest the order and has filed the appeal to protect its interests.

According to the company's disclosure, the assessment order along with the demand notice does not have any major adverse impact on the company's financial position, operations, or other activities. The company maintains confidence in its legal position regarding the disputed tax demand.

Regulatory Compliance

The company made the disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This follows an earlier disclosure made on 29 March 2026 regarding the receipt of the original assessment order. The disclosure includes detailed information as required under SEBI Master Circular dated 30 January 2026, providing transparency to stakeholders about the ongoing tax matter.