Diligent Media Corporation Limited — Others, 15-07-2025: Action(s) initiated or orders passed

Diligent Media Corporation has received an order from the Income Tax authority directing payment of approximately 8.27 Cr. This relates to an earlier demand of approximately 41.34 Cr for Assessment Year 2013-14 due to non-inclusion of Long-Term Capital Gains in the computation of Minimum Alternate Tax. The company had previously appealed this demand and is awaiting adjudication. The latest order indicates that coercive recovery measures may be undertaken if the 20% payment is not made. The company is evaluating legal remedies, including filing an application for a stay of demand and seeking an early hearing for its appeal. There is no immediate financial impact.