New delhi television (ndtv) has successfully completed the utilization of funds raised through its Rights Issue, reporting zero deviation from the stated objectives in its quarterly compliance filing for the quarter ended March 31, 2026. The media company raised Rs. 396.50 crore through the Rights Issue conducted on October 9, 2025.

Complete Fund Utilization Achieved

The company has confirmed that there has been no deviation or variation in the utilization of proceeds from the objects stated in the Letter of Offer dated September 8, 2025. This compliance report was reviewed by the Audit Committee during their meeting held on April 29, 2026, as per the requirements under Regulation 32 of SEBI regulations.

Strategic Fund Allocation Breakdown

The Rights Issue proceeds were allocated across three primary categories, all of which have been fully utilized according to the original plan:

Investment in Growth Initiatives

The largest portion of Rs. 229.00 crore was designated for the repayment and pre-payment of outstanding borrowings, including accrued interest. An additional Rs. 71.00 crore was allocated toward strategic initiatives focused on:

• Distribution and market expansion
• Marketing and brand building activities
• Creation and development of intellectual properties

The remaining Rs. 96.50 crore was utilized for general corporate purposes, including share issue expenses.

Regulatory Compliance and Oversight

The fund utilization has been monitored by CARE Ratings Limited as the designated monitoring agency. Both the Audit Committee and auditors have provided no adverse comments regarding the fund deployment, confirming adherence to the original fundraising objectives. The company filed this compliance report pursuant to Regulation 32 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, demonstrating transparent governance practices in fund management.

New Delhi Television (NDTV) has secured a significant legal victory with the Assistant Commissioner of Income Tax granting a stay on its outstanding income tax demand of Rs. 420.36 crore for Assessment Year 2008-09. The development provides temporary relief to the media company in its ongoing tax dispute.

Stay Order Details

The Assistant Commissioner of Income Tax, Central Circle-5, New Delhi, issued the stay order on April 28, 2026, responding to NDTV's application submitted just one day earlier on April 27, 2026. The swift processing of the application demonstrates the urgency and merit of the company's case.

Terms and Conditions

The stay order comes with specific conditions that NDTV must comply with during the period of relief. The stay will remain in force until the disposal of the pending appeal before the Commissioner of Income Tax (Appeals), providing the company with breathing room to pursue its legal remedies.

Key conditions of the stay include:

• Duration: Effective until appeal disposal before Commissioner of Income Tax (Appeals)
• Review Provision: Subject to periodic review by tax authorities
• Adjustment Clause: Any refunds arising to the company may be adjusted against the outstanding demand

Regulatory Compliance

NDTV disclosed this development through a formal communication to both major stock exchanges on April 29, 2026, fulfilling its obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company described this as a continuation of earlier disclosures regarding the same income tax demand, indicating ongoing transparency in its litigation matters.

The disclosure was signed by Parinita Bhutani Duggal, Company Secretary and Compliance Officer, ensuring proper corporate governance protocols were followed in communicating this material development to stakeholders and the investing public.