Entertainment network (India) Limited has received an income tax assessment order levying a tax demand of Rs 113.20 crore for Assessment Year 2024-25. The company disclosed this development through a regulatory filing under Regulation 30 of the SEBI Listing Regulations, emphasizing that it plans to contest the order and does not expect any major adverse impact on its operations.

Assessment Order Details

The income tax assessment order was issued under section 143(3) of the Income Tax Act, 1961, dated 27 March 2026, by the Assessment Unit of the Income Tax Department. The order pertains to Assessment Year 2024-25, covering Financial Year 2023-24, and includes applicable interest along with the principal tax demand.

Nature of Tax Dispute

The assessment order was passed alleging certain additions and adjustments to the income reported by Entertainment Network (India) Limited. The Income Tax Department made observations and adjustments that the company disputes, leading to the substantial tax demand of Rs 113.20 crore including applicable interest.

Company's Response and Impact Assessment

Entertainment Network (India) Limited has stated that it is currently evaluating the assessment order and does not concur with the observations and adjustments made by the tax authorities. The company believes it has adequate legal and factual grounds to contest the assessment order and is taking necessary steps to protect its interests.

The company has specifically clarified that:

• The assessment order does not have any major adverse impact on its financial position
• Operations remain unaffected by the tax demand
• Other business activities continue without disruption
• Legal remedies are being pursued to contest the order

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided detailed information as required under the SEBI Master Circular dated 30 January 2026, ensuring full transparency with stakeholders regarding this significant tax matter.

Entertainment Network (India) Limited's management, led by Company Secretary Mehul Shah, has assured investors that the company is taking all necessary legal steps to address the tax assessment while maintaining that business operations remain unimpacted by this development.

Entertainment network (India) Limited has announced that the Competition Commission of India (CCI) has granted approval for a composite scheme of arrangement involving its promoter Bennett Coleman and Company Limited (BCCL) and Times Horizon Private Limited (THPL). The approval was communicated through regulatory filings dated 19 February 2026.

CCI Approval Details

The Competition Commission of India issued its approval order on 17 February 2026 under Section 31(1) of the Competition Act, 2002 (as amended). The approval covers transactions outlined in the composite scheme of arrangement between BCCL, THPL, and their respective shareholders and creditors.

Corporate Structure and Relationships

The scheme involves key entities within the Times Group structure. BCCL operates as the promoter of Entertainment Network (India) Limited, while THPL functions as a wholly owned subsidiary of BCCL. Times Horizon Private Limited was incorporated in 2025 with CIN U60200MH2025PTC443127 and maintains its registered office at Times Group, Sunteck Icon, Mumbai.

Regulatory Compliance Framework

The disclosure was made pursuant to multiple regulatory requirements under SEBI guidelines. Entertainment Network (India) Limited filed the announcement under Regulation 30 and Regulation 30A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing also referenced clause 5A of paragraph A of part A of Schedule III of the Listing Regulations and the SEBI Master Circular updated on 30 January 2026.

Timeline of Disclosures

The current announcement represents a continuation of previous regulatory communications regarding the proposed reorganisation. Entertainment Network (India) Limited had made earlier disclosures on this matter dated 26 September 2025 and 5 February 2026. Similarly, both BCCL and THPL had issued prior communications dated 25 September 2025 and 4 February 2026.

Corporate Signatories

The disclosure documents were signed by key corporate officials from the respective entities. Mehul Shah, EVP - Compliance & Company Secretary (FCS no- F5839) signed on behalf of Entertainment Network (India) Limited. Chanda Makhija Thadani, Company Secretary, executed the document for BCCL, while Ashish Khude (DIN: 07000690), Director, signed for Times Horizon Private Limited.