Diligent Media Corporation
3.31
+0.01(+0.30%)
Market Cap₹38.96 Cr
PE Ratio32.50
IndustryMedia
Company Performance:
1D+0.30%
1M-9.81%
6M-32.72%
1Y-34.46%
5Y+289.41%
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More news about Diligent Media Corporation
14Jan 26
Diligent Media Corporation Receives ₹33.90 Crore GST Demand Order from Mumbai Tax Authorities
Diligent Media Corporation Limited faces a ₹33.90 crore GST demand from Mumbai tax authorities for alleged non-payment on leasehold rights assignment pertaining to FY 2018-19. The company contests the demand, arguing that the transaction constitutes a land transfer exempt from GST. With penalties of ₹10.32 crores included, the company plans legal consultation to determine appropriate response measures.
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18Sept 25
Diligent Media Corporation Approves ₹436 Crore Preference Share Capital Reduction Scheme
Diligent Media Corporation's Board has approved a financial restructuring plan involving the cancellation of 4.36 billion preference shares worth ₹436.26 crore. The scheme includes adjusting ₹173.40 crore against outstanding Inter Corporate Deposit Agreements and reducing the remaining ₹262.86 crore. This move will significantly alter the company's share capital structure, reducing it from ₹448.03 crore to ₹11.77 crore post-implementation. The plan aims to streamline capital structure, preserve liquidity, reduce future liabilities, and avoid potential litigation costs, while maintaining the existing equity shareholding pattern.
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30Jul 25
Diligent Media Reports Loss in Q1, Appoints New CEO and Senior Management
Diligent Media Corporation Limited reported a net loss of Rs 188.60 lakhs for Q1 ended June 30, compared to a profit of Rs 245.26 lakhs last year. Revenue from operations declined to Rs 78.67 lakhs from Rs 296.30 lakhs. The company appointed Mr. Chitresh Sehgal as CEO and elevated two senior managers. Despite financial challenges, management cites adequate liquidity and focuses on expanding digital media operations.
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1 Year Returns:-34.46%
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