Cyber Media (India) Limited has received a tax demand of ₹97.16 lakh from the Commercial Taxes Department, Chennai, for the financial year 2001-02. The company stated it does not agree with the order, claiming it is passed against settled law.

The assessment order was issued by the State Tax Officer at the T. Nagar Assessment Circle on September 29, 2026. The total demand comprises two components: a tax amount of ₹32.42 lakh under Rule 5 of the Central Sales Tax (Tamil Nadu) Rules, 1957, and an additional ₹64.74 lakh under various sections of the Tamil Nadu General Sales Tax Act, 1959.

Breakdown of the tax demand

The regulatory filing details the specific statutory provisions invoked in the demand order. The aggregate amount demanded is ₹97,16,380.

Company response and legal strategy

Cyber Media clarified that there is no impact on its operations or other activities due to this demand. The company is actively pursuing the matter legally in consultation with its financial and legal team and advisers. A key part of their strategy includes filing a writ petition to challenge the assessment order.

What the numbers show

The demand relates to a fiscal year more than two decades prior to the current reporting date, highlighting the long tail of legacy tax disputes in Indian corporate governance. The split between Central Sales Tax and State General Sales Tax indicates that the dispute covers both inter-state and intra-state transaction liabilities under different legislative frameworks.

Cyber Media (India) Limited concluded its 44th Annual General Meeting on August 25, 2026. The meeting focused on governance updates and the approval of financial results for FY26.

The AGM was conducted via Video Conferencing in compliance with the Companies Act, 2013 and SEBI Listing Regulations. Fifty-nine members attended the session, which began at 12:30 pm and ended at 1:55 pm.

Key Resolutions Passed

Shareholders approved three primary resolutions during the meeting:

• Adoption of audited standalone and consolidated financial statements for the year ended March 31, 2026.
• Re-appointment of Mr. Pradeep Gupta as a director liable to retire by rotation.
• Appointment of Mrs. Geetika Dayal as a director and independent director.

All resolutions were passed through remote e-voting and voting during the meeting, supervised by scrutinizer Mr. Akhilesh Kumar Jha.

Voting Results Breakdown

The company disclosed detailed voting data for each resolution. For the adoption of financial statements, the promoter group cast 13,588,668 votes in favor, representing 97.99% of their outstanding shares. Public non-institutional shareholders voted 240,045 in favor and 436 against. The total votes polled were 13,829,149, with 13,828,713 in favor (100.00% of votes polled).

For the re-appointment of Mr. Pradeep Gupta, the promoter group did not vote, citing interest in the resolution. Only public non-institutional shareholders participated, casting 240,045 votes in favor and 436 against. The resolution passed with 99.82% support from the votes polled.

The special resolution to appoint Mrs. Geetika Dayal received strong support from the promoter group, which voted 13,588,668 shares in favor. Combined with public shareholder votes, the resolution secured 13,828,713 votes in favor against 436 against.

Management Updates

Mr. Pradeep Gupta, Chairman and Managing Director, addressed shareholders regarding the company’s recent rights issue and the merger of its subsidiary into the parent entity. He also highlighted performance metrics for FY26.

The statutory auditors’ report for FY26 contained no qualifications or adverse observations affecting the company’s operations.

Attendance and Governance

The following officials attended the meeting:

MUFG Intime India Private Limited served as the registrar and share transfer agent.