Den Networks Limited — Others, 05-02-2025: Action(s) taken or orders passed

DEN Networks Limited has received a tax recovery order totaling Rs. 33.26 crore along with penalties due to an assessment from the Central Tax and Central Excise authorities for the period from July 2017 to March 2022. The order alleges that the tax should have been calculated based on the total amount customers paid to local cable operators rather than what the company charged those operators. DEN Networks plans to appeal this order, viewing it as erroneous. While the financial implications are significant, the company anticipates no material disruptions to its operations, suggesting a neutral impact on investor sentiment, accompanied by a positive outlook if the appeal is successful.