Diligent Media Corporation
3.01
-0.12(-3.83%)
Market Cap₹35.43 Cr
PE Ratio31.60
IndustryMedia
Company Performance:
1D-3.83%
1M+0.67%
6M-30.65%
1Y-40.51%
5Y+301.33%
View Company Insightsright
More news about Diligent Media Corporation
05Mar 26
Diligent Media Corporation Faces GST Department Demand of Rs 68.94 Lakhs, Plans Legal Challenge
Diligent Media Corporation Limited faces a GST Department demand of Rs 68.94 lakhs for alleged undeclared turnover of merged entity Pri-Media Services Pvt. Ltd. covering April 2018 to March 2019. The company's rectification application has been rejected, with the GST Department directing compliance with the original demand. The company is seeking legal opinion and plans to challenge the demand before the appropriate appellate authority.
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25Feb 26
Diligent Media Corporation Files Writ Petition Challenging Rs. 33.90 Crores GST Demand Order
Diligent Media Corporation Limited has filed a writ petition in the Bombay High Court on February 24, 2026, challenging a Rs. 33.90 crores GST demand order from the Assistant Commissioner of State Tax. The demand relates to alleged non-payment of GST on assignment of leasehold rights for an industrial plot in Mumbai sold by the company. The legal challenge is based on counsel advice and judicial precedents in similar matters.
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11Feb 26
Diligent Media Corporation Reports Q3FY26 Net Loss of Rs 29.78 Lakhs Amid Revenue Decline
Diligent Media Corporation Limited reported a net loss of Rs 29.78 lakhs for Q3FY26 compared to a profit of Rs 254.25 lakhs in Q3FY25, with revenue from operations declining 17.81% to Rs 140.76 lakhs. For the nine-month period, the company recorded a loss of Rs 285.17 lakhs against a profit of Rs 963.75 lakhs previously, with revenue dropping 35.13% to Rs 488.39 lakhs. The company's accumulated losses have exceeded paid-up capital and reserves, though management continues digital media expansion efforts and believes it can meet obligations based on approved business plans.
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15Jan 26
Diligent Media Corporation Announces Resignation of Senior Management Personnel
Diligent Media Corporation announced the resignation of Ms. Srishti Choudhury, Associate News Editor – DNA and Senior Management Personnel, effective January 14, 2026. The resignation was made to pursue career opportunities outside the organization, with the company fulfilling all regulatory disclosure requirements under SEBI Listing Regulations through formal notifications to NSE and BSE.
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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:-40.51%
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