Den Networks Limited — Others, 05-02-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

DEN Networks Limited has received a tax recovery order from the Joint Commissioner, imposing a penalty and differential tax amounting to ₹33.26 crore. The order alleges that the company should have paid tax based on the gross amount charged by Local Cable Operators rather than the amount received from them. DEN Networks plans to appeal this decision, which they contest as erroneous. Importantly, the company asserts that this order will not materially affect its operations. Investors may view this as a potential risk if the appeal does not succeed, though the immediate operational impact appears neutral.