Radaan Mediaworks India Limited faces a ₹30,000 fine from the National Stock Exchange of India Limited for delayed compliance with listing regulations. The penalty stems from a lapse in adhering to Regulation 6(1) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, for the quarter ended June 30, 2026.

The exchange levied the fine at a rate of ₹1,000 per day for 30 days of non-compliance. Including an 18% GST charge of ₹5,400, the total amount payable is ₹35,400. The company must remit this payment within 15 days to avoid further actions, which could include freezing promoter shareholdings or shifting trading to the Z category.

Board Meeting Outcomes

During its meeting on August 28, 2026, the board addressed the compliance issue and approved several corporate governance changes. The directors noted that full compliance with Regulation 6(1) was achieved on June 13, 2026, following the appointment of the Company Secretary.

Director Appointments

The board appointed two additional directors effective September 1, 2026, subject to shareholder approval:

• Mr. Rahhul Sarath as Additional Director (Executive). He holds a BSc in Finance and Accountancy and an IB Diploma. His profile highlights expertise in data analysis, business intelligence, and inventory transformation. He is the son of existing director Mr. R. Sarathkumar.
• Mrs. M. Uma as Additional Director (Independent). She holds a Masters in Corporate Law, an MBA in Import & Export Management, and a BE in Electronics & Instrumentation. She brings over 10 years of experience in supply chain, logistics, and ERP operations.

Committee Reconstitution

The Nomination and Remuneration Committee was reconstituted following the resignation of Ms. Rayane Radikaa. The new composition is:

What the Numbers Show

The fine structure reveals a strict enforcement timeline. The exchange calculated the penalty based on exactly 30 days of non-compliance, starting from the quarter-end date of June 30, 2026. This suggests the compliance gap persisted until late July 2026, despite the company secretary’s appointment on June 13, 2026. The divergence between the appointment date and the end of the non-compliance period indicates a lag in operationalizing the compliance framework or reporting it to the exchange.

Radaan Mediaworks has received an income tax demand of ₹1,72,49,691, impacting its cash flow obligations for the immediate term. The demand covers TDS (Tax Deducted at Source) liabilities for Financial Years 2021-22, 2022-23, and 2024-25, as notified by the Deputy Commissioner of Income-Tax, TDS Circle-2, Chennai. The company clarified that this is not a disputed liability and the full amount has already been recorded in its books of account, meaning no additional provision is required beyond what is reflected in prior limited review reports.

The order was issued under Section 156 of the Income Tax Act, 1961, based on findings under Section 201(1) and 201(1A). The specific orders are numbered TDS CIRCLE-2/CHERO2485A/2021-22, TDS CIRCLE-2/CHERO2485A/2022-23, and CIRCLE-2/CHERO2485A/2024-25. All were dated July 28, 2026. The disclosure was made pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Demand Details

The total figure includes interest accrued on the outstanding TDS amounts. The company stated it is examining the orders and will take appropriate steps to comply with the payment direction.

What the Numbers Show

The fact that the entire ₹1.72 crore demand was already recorded in the books indicates that Radaan Mediaworks had anticipated this liability or recognized it during previous audit cycles. This pre-provisioning shields the company from any sudden hit to net profit margins upon settlement. However, the outflow represents a reduction in operating cash reserves. The span of the demand across three non-consecutive financial years (skipping FY2023-24) suggests periodic reassessment of TDS compliance rather than a single systemic failure in one year. Investors should monitor whether similar notices arise for other periods or if this resolves the outstanding TDS queries for the cited years.