Brandbucket Media & Technology Ltd has received a show cause notice from the Directorate General of GST Intelligence (DGGI) Bangalore proposing a total penalty of ₹49,32,51,824 under the Central Goods and Services Tax Act, 2017. The company stated it believes the notice is incorrect and intends to challenge the findings before the adjudicating authorities.

The notice, referenced as DGGI/INT/INTL/1506/2024-Gr C-01-O/o Pr ADGDGGI-ZU-BENGALURU, proposes a penalty of ₹20,45,65,858 under section 122(1)(ii) and ₹28,85,85,966 under section 122(1)(vii) of the Act. The board of directors reviewed the communication during its meeting held on July 8, 2026.

Board Approvals and Appointments

During the meeting, the board approved the appointment of Mr. Ajay Das (DIN 11812819) as an Additional Director of the company effective July 8, 2026. The appointment is subject to regularization in the upcoming Annual General Meeting or Extraordinary General Meeting.

Financial Results Postponed

The board also announced the postponement of the approval for the audited and unaudited standalone and consolidated financial results. This delay affects the half-year and full-year ended March 31, 2025, the half-year ended September 30, 2025, and the half and full-year ended March 31, 2026. The company cited the preoccupation of the auditor as the reason for the delay. The next board meeting is scheduled for July 13, 2026, to approve these results.

Brandbucket Media & Technology Ltd has confirmed that its promoters and persons acting in concert did not create any new encumbrance on their shares during the financial year ended March 31, 2026. The disclosure was made in a declaration filed under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

The company submitted the declaration to BSE Limited on April 02, 2026. The filing confirms that no shares held directly or indirectly by the promoters were encumbered during FY26, apart from those already disclosed in quarterly shareholding pattern reports.

The declaration was submitted on behalf of the promoters and promoter group by Createroi Financial Consultancy Ltd. The document was signed by Vivek Gajabhaiye, Director of Createroi Financial Consultancy Ltd. A copy of the declaration was also marked to the Audit Committee of Brandbucket Media & Technology Ltd.

The filing serves as a compliance requirement under SEBI regulations to ensure transparency regarding the pledging or encumbrance of shares by key shareholders. The confirmation of no new encumbrances provides clarity to investors regarding the status of promoter holdings during the specified period.