Entertainment Network India Limited Submits SEBI Compliance Certificate for Q4 FY26

1 min read     Updated on 02 Apr 2026, 12:20 PM
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AI Summary

Entertainment Network (India) Limited has filed its mandatory SEBI compliance certificate for the quarter ended March 31, 2026, through registrar KFin Technologies Limited. The certificate, submitted under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, confirms proper disclosure of securities dematerialization and rematerialization details to stock exchanges. This regulatory filing demonstrates the company's adherence to corporate governance standards and transparency requirements.

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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.

Filing Details: Information
Filing Date: April 2, 2026
Quarter Ended: March 31, 2026
Regulation: SEBI (Depositories and Participants) Regulations, 2018 - Section 74(5)
Filed By: Mehul Shah, EVP - Compliance & Company Secretary

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.

Depository Communications: Details
NSDL Certificate: Reference KFIN/ENL/NSDL/74(5) E/1
CDSL Certificate: Reference KFIN/ENL/CDSL/74(5) E/1
Authorized Signatory: Rajitha Cholleti, Vice President, KFin Technologies
Certification Date: April 2, 2026

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.

Historical Stock Returns for Entertainment Network

1 Day5 Days1 Month6 Months1 Year5 Years
+1.42%+7.95%+1.82%-27.35%-15.70%-28.40%

Will Entertainment Network India Limited face any changes in compliance requirements under upcoming SEBI regulatory reforms?

How might the company's securities transaction volumes trend in the next quarter given current market conditions?

Could KFin Technologies Limited's role as registrar expand to include additional digital services for the entertainment sector?

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Entertainment Network India: Faces ₹113.20 Cr Tax Demand, Will Contest The Order

2 min read     Updated on 30 Mar 2026, 08:49 AM
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Reviewed by
Radhika SScanX News Team
AI Summary

Entertainment Network (India) Limited has received a significant income tax assessment order demanding ₹113.20 crore for Assessment Year 2024-25, issued under section 143(3) of the Income Tax Act. The company has announced its intention to contest the order, stating it disagrees with the tax authorities' observations and adjustments, and emphasizes that the demand will not have any major adverse impact on its financial position or business operations.

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Entertainment Network (India) Limited has received an income tax assessment order levying a tax demand of ₹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.

Parameter: Details
Assessment Authority: Assessment Unit of the Income Tax Department
Order Date: 27 March 2026
Receipt Date: 28 March 2026 at 12:46 PM
Tax Demand: ₹113.20 crore
Assessment Year: 2024-25 (FY 2023-24)
Legal Provision: Section 143(3) of Income Tax Act, 1961

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 ₹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.

Historical Stock Returns for Entertainment Network

1 Day5 Days1 Month6 Months1 Year5 Years
+1.42%+7.95%+1.82%-27.35%-15.70%-28.40%

What specific income adjustments did the tax authorities make that led to this ₹113.20 crore demand, and could similar issues affect other media companies?

How long might the appeals process take, and what are the potential financial implications if Entertainment Network loses the case?

Will this tax dispute impact Entertainment Network's ability to invest in content acquisition or expansion plans for the next fiscal year?

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1 Year Returns:-15.70%