Diligent Media Corporation has announced the resignation of a key senior management personnel, marking a significant change in its editorial leadership structure. The media company formally disclosed this development to stock exchanges on January 15, 2026, in compliance with regulatory requirements.

Senior Management Departure

Ms. Srishti Choudhury, who served as Associate News Editor – DNA and was designated as Senior Management Personnel, tendered her resignation effective January 14, 2026. The resignation became effective at the end of working hours on the specified date.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Regulations. Company Secretary and Compliance Officer Jyoti Upadhyay formally communicated the resignation to both the National Stock Exchange of India Limited and BSE Limited.

The disclosure included comprehensive documentation:

• Formal resignation letter from Ms. Choudhury
• Detailed annexures as required under listing regulations
• Complete information about the cessation of employment

Corporate Communication

In her resignation letter addressed to CEO Chitresh Sehgal, Ms. Choudhury expressed gratitude for the opportunities and professional experience gained during her association with the organization. The resignation letter was dated December 1, 2025, from Noida, indicating advance notice was provided to the company.

Stock Exchange Notification

Diligent Media Corporation Limited, trading under NSE symbol DNAMEDIA-EQ and BSE scrip code 540789, has ensured transparent communication with stakeholders through proper regulatory channels. The company maintains its commitment to corporate governance standards by promptly disclosing material changes in senior management positions.

Diligent Media Corporation Limited has received a significant GST demand order from tax authorities in Mumbai, creating a potential financial liability of ₹33.90 crores. The company disclosed this development to stock exchanges on January 14, 2026, in compliance with regulatory requirements.

GST Demand Details

The demand order was issued by the Office of the Assistant Commissioner of State Tax, Mumbai, in Form GST DRC-07. The company became cognizant of the order on January 13, 2026.

Nature of Dispute

The GST demand centers on the assignment of leasehold rights for an industrial plot situated in Mumbai that was sold by the company. The Department of Goods and Services Tax has determined that this transfer constitutes a taxable supply of services under GST laws. The demand includes the principal tax amount along with interest, penalty, and issues related to input tax credit availment.

Company's Position and Response

Diligent Media Corporation has contested the tax authority's interpretation of the transaction. The company's key arguments include:

• The assignment of leasehold rights constitutes a "transfer of land"
• Such transfers do not qualify as "supply" under the GST regime
• The transaction should be exempt from GST provisions

The company had already submitted its contentions to the authority before the order was issued. Despite these submissions, the tax department proceeded with issuing the demand order.

Financial Impact and Compliance

Next Steps

The company has indicated it will take appropriate steps following discussions with legal counsels. This suggests potential legal challenges or appeals against the demand order. The disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders.

The matter relates to a transaction from FY 2018-19, indicating the extended timeline often involved in tax assessments and disputes. The company's response will likely depend on legal advice regarding the merits of challenging the order through available appellate mechanisms.