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.

Entertainment network (India) Limited has submitted its mandatory regulatory certificate to stock exchanges, fulfilling compliance requirements under SEBI regulations for the quarter ended March 31, 2026. The filing demonstrates the company's adherence to regulatory frameworks governing securities transactions and depository operations.

Regulatory Compliance Certificate

The company filed its certificate pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 on April 2, 2026. This regulatory requirement ensures transparency in securities dematerialization and rematerialization processes during the reporting quarter.

Registrar Certification Process

KFin Technologies Limited, serving as the company's Registrar and Transfer Agent, issued certificates to both major depositories - National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL). The certificates confirm that all required details of securities transactions have been properly disclosed to stock exchanges.

Corporate Governance Framework

The filing reflects Entertainment Network India Limited's commitment to maintaining robust corporate governance standards and regulatory compliance. The certificate ensures that all securities dematerialization and rematerialization activities during the quarter have been transparently reported to relevant stock exchanges where the company's shares are traded.

Key Participants

The compliance process involved coordination between multiple entities to ensure proper regulatory adherence:

• Company Secretary: Mehul Shah (FCS no- F5839) executed the filing on behalf of Entertainment Network India Limited
• Registrar Services: KFin Technologies Limited managed the certification process for both depositories
• Stock Exchanges: BSE Limited and National Stock Exchange of India Limited received the mandatory disclosures

This quarterly filing represents standard regulatory practice for listed companies, ensuring transparency in securities transactions and maintaining investor confidence through proper disclosure mechanisms.