Sambhaav Media Limited has informed the stock exchanges about receiving an Income Tax demand notice for additional tax payment of ₹43.23 lakh including interest for assessment year 2018-19. The company disclosed this information to BSE and NSE on March 06, 2026, in compliance with SEBI Listing Regulations.

Details of the Income Tax Notice

The Notice of Demand was issued under section 156 of the Income Tax Act 1961 by the Income Tax Department Central Circle 2(4), Ahmedabad. The notice was issued on March 05, 2026, and received by the company on March 06, 2026, through online communication at 10:23 am.

Financial Impact and Company Response

The demand notice requires payment of additional tax amounting to ₹43.23 lakh (Forty-Three Lac Twenty-Two Thousand Nine Hundred and Eighty Only), including interest. The matter relates to the addition of income for assessment year 2018-19.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with sub-para 20 of Para A of Part A of Schedule III of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The company also referenced SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, in its disclosure.

Next Steps

Sambhaav Media Limited has stated that there is no operational impact due to the order beyond the financial liability. The company plans to take appropriate action in consultation with its advisors and consultants regarding the Income Tax demand notice. The communication was submitted to both stock exchanges for their records as required under the listing regulations.

Sambhaav Media Limited has successfully completed its postal ballot process on March 3, 2026, with shareholders demonstrating strong support for key corporate governance decisions. The company announced the voting results and scrutinizer report in compliance with Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Postal Ballot Process Details

The postal ballot process was conducted with a cut-off date of January 23, 2026, for determining eligible shareholders. The company had 28325 total shareholders registered as of the cut-off date. The e-voting period commenced on February 1, 2026, at 9:00 AM and concluded on March 2, 2026, at 5:00 PM through the NSDL e-voting platform.

Resolution Results

Special Resolution - Managing Director Re-appointment

The first resolution concerning the re-appointment of Mr. Manoj Vadodaria (DIN: 00092053) as Managing Director received exceptional shareholder support. Out of the total outstanding shares of 191110840, public non-institutional shareholders actively participated in the voting process.

Ordinary Resolution - Related Party Transactions

The second resolution for approving material related party transactions for Financial Year 2026-27 also secured overwhelming shareholder approval. This resolution demonstrated even stronger support with minimal opposition votes.

Scrutinizer Oversight

Umesh Ved of Umesh Ved & Associates, Practicing Company Secretaries, served as the appointed scrutinizer for the postal ballot process. The scrutinizer confirmed that the e-voting data was downloaded from NSDL's platform after the voting module was disabled on March 2, 2026. The votes were unblocked at 5:10 PM on March 2, 2026, in the presence of two independent witnesses - Ms. Khushi Sureja and Mr. Vijay Prajapati.

The scrutinizer verified that no invalid votes were recorded for either resolution, and no shareholders abstained from voting. The electronic data and all relevant records relating to the remote e-voting process remain under the scrutinizer's custody and will be handed over to the authorized Chairman.

Regulatory Compliance

The company fulfilled all regulatory requirements by dispatching the postal ballot notice on January 30, 2026, and publishing newspaper advertisements in Business Standard (English edition) and LokSatta Jansatta (Gujarati edition) on January 31, 2026. The voting results and scrutinizer's report have been made available on the company's website at www.sambhaav.com and submitted to BSE Limited and National Stock Exchange of India Limited for record purposes.