Sambhaav Media Receives Appellate Authority Order on Search-Related Income Tax Assessments for AY 2021-22 and AY 2022-23

1 min read     Updated on 10 May 2026, 02:02 AM
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Sambhaav Media Limited disclosed receipt of an appellate authority order from Commissioner of Income Tax (Appeal)-12, Ahmedabad, under Regulation 30 of SEBI LODR Regulations, 2015, pertaining to search-related income tax assessments for AY 2021-22 and AY 2022-23. The appellate authority restricted income additions to INR 3,64,445 for AY 2021-22 and INR 3,50,806 for AY 2022-23, with the maximum monetary impact limited to applicable tax, interest, and penalty. The company confirmed no operational impact and stated it will take appropriate action following legal consultation.

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Sambhaav Media Limited has disclosed, under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, that it has received an order from the Appellate Authority of Income Tax in connection with search-related income tax assessment proceedings. The disclosure, filed on 09 May 2026, follows an earlier intimation dated 12 September 2021 regarding search operations conducted by the Income Tax Department.

Order Details and Authority

The order was issued by the Commissioner of Income Tax (Appeal)-12, Ahmedabad, and pertains to income tax assessment proceedings arising from a search-related assessment for Assessment Years 2021-22 and 2022-23. The communication was issued on 08 May 2026 and retrieved by the company on 09 May 2026 at 10:42 am.

The key details of the order as disclosed by the company are summarised below:

Parameter: Details
Authority: Commissioner of Income Tax (Appeal) – 12, Ahmedabad
Nature of Order: Appellate order on search-related IT assessment proceedings for AY 2021-22 and AY 2022-23
Communication Date: 08 May 2026
Date of Receipt: 09 May 2026
Alleged Contravention: Addition of income pursuant to search-related assessment

Financial Impact

The appellate authority has restricted the addition of income made by the assessing officer pursuant to the search-related assessment. The monetary impact, as quantified by the company, is as follows:

Assessment Year: Income Addition Restricted To
AY 2021-22: INR 3,64,445
AY 2022-23: INR 3,50,806

The company has clarified that the maximum monetary impact will be restricted to the applicable tax, interest, and penalty, if any, at the applicable tax rate on the above addition amounts as determined by the appellate authority.

Operational Impact and Next Steps

Sambhaav Media has stated that there is no impact on the operations of the company due to this order. The company intends to take appropriate action in the matter based on legal consultation from expert advisors and consultants. The information has also been made available on the company's website at www.sambhaav.com .

Historical Stock Returns for Sambhaav Media

1 Day5 Days1 Month6 Months1 Year5 Years
-2.08%-1.35%-12.12%-25.59%+5.43%+149.06%

Will Sambhaav Media challenge the appellate order further at the Income Tax Appellate Tribunal (ITAT), and what timeline can be expected for such a filing?

Could the original search operations from September 2021 lead to additional income tax assessments for other financial years beyond AY 2021-22 and AY 2022-23?

How might recurring tax litigation and search-related proceedings affect Sambhaav Media's ability to attract institutional investors or secure financing in the near term?

Sambhaav Media Limited Opens Special Window for Physical Share Transfer Under SEBI Guidelines

1 min read     Updated on 25 Apr 2026, 05:14 AM
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Sambhaav Media Limited announces special window for physical share transfer re-lodgement under SEBI circular dated January 30, 2026. Shareholders with previously rejected transfer requests can resubmit until February 4, 2027, through MCS Share Transfer Agent Limited. Successfully processed shares will be issued in demat format only.

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Sambhaav Media Limited has announced the opening of a special window for shareholders to re-lodge physical share transfer requests that were previously rejected due to document deficiencies. The initiative follows the Securities and Exchange Board of India (SEBI) circular issued on January 30, 2026, aimed at facilitating investor access to their securities.

SEBI Circular Implementation

The special window has been established under SEBI Circular No. HO/38/13/11(2)2026-MIRSD POD/I/3750/2026 dated January 30, 2026. This regulatory measure allows shareholders whose transfer deeds were rejected or returned due to deficient documentation to resubmit their requests with proper documentation.

Parameter Details
Circular Reference HO/38/13/11(2)2026-MIRSD POD/I/3750/2026
Issue Date January 30, 2026
Submission Deadline February 4, 2027
Eligible Requests Previously rejected/returned transfers

Transfer Process and Requirements

Shareholders can re-lodge their transfer requests by submitting original transfer documents along with corrected or missing details to the company's registrar and transfer agent. The process requires submission of complete documentation to MCS Share Transfer Agent Limited at their Ahmedabad office.

Contact Details for Submissions:

Important Conditions and Timeline

The special window specifically caters to transfer requests that were originally submitted prior to April 1, 2019, and subsequently rejected due to documentation issues. All successfully processed shares will be issued exclusively in dematerialized (demat) format, eliminating the need for physical share certificates.

The company has undertaken comprehensive communication efforts to inform shareholders about this opportunity. Newspaper notices have been published in Loksatta Jansatta and Business Standard, while digital promotion continues through the company's official website www.sambhaav.com and various social media platforms.

Company Communication Strategy

Sambhaav Media Limited has adopted a multi-channel approach to ensure maximum shareholder awareness. The company's communication dated April 24, 2026, addressed to BSE Limited and National Stock Exchange of India Limited, confirms the publication of newspaper notices and ongoing digital outreach efforts.

Shareholders requiring clarification or guidance regarding the re-lodgement process can contact the company or its registrar using the provided contact details. The initiative represents SEBI's continued efforts to facilitate investor access to securities while maintaining proper documentation standards.

Historical Stock Returns for Sambhaav Media

1 Day5 Days1 Month6 Months1 Year5 Years
-2.08%-1.35%-12.12%-25.59%+5.43%+149.06%

Will SEBI extend similar special windows to other listed companies with pending rejected transfer requests?

How might the mandatory dematerialization of processed shares impact Sambhaav Media's shareholder base composition?

What percentage of Sambhaav Media's total shareholding could potentially be affected by this re-lodgement initiative?

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1 Year Returns:+5.43%