Diligent Media (DNAMEDIA) — Announcement

📢 Key Event
Diligent Media receives GST show cause notice for Rs 1.08 crore ITC disallowance

💡 Investor Takeaway
The notice may affect short-term cash flow but the company is actively contesting the demand.

⚠️ Risks
Potential tax recovery of Rs 1.08 crore plus Rs 4.90 lakh demand with interest and penalty

Diligent Media Corporation received a Show Cause Cum Demand Notice from Mumbai Central GST authorities regarding disallowed input tax credit of Rs. 1,08,00,000 for FY 2021-22 and additional tax demand of Rs. 4,90,164 for FY 2020-21 with interest and penalty. The company is seeking legal advice to challenge the proposed demand before appellate authorities.

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About Diligent Media Corporation Ltd (DNAMEDIA)

Media Entertainment & Publication · Media - Print/Television/Radio · Listed on BSE

Market Cap: ₹30.6 Cr ROE: 2.7% ROCE: 0.1%

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🔥 Also filed on 1 September 2026

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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