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DEN Networks Limited ( (IN:DEN) ) has shared an announcement.
DEN Networks Limited has received an order from the Joint Commissioner of Central Tax and Central Excise for the recovery of a differential tax amount and a penalty, totaling approximately Rs. 66.52 crore, related to tax charges from July 2017 to March 2022. The company disputes the order, stating it is erroneous, and plans to appeal. The financial impact is limited to the amount mentioned, with no significant effect on the company’s operations or activities.
More about DEN Networks Limited
DEN Networks Limited operates in the cable television industry, providing cable TV services and broadband internet access. The company focuses on delivering quality entertainment and connectivity solutions primarily in India.
YTD Price Performance: -13.83%
Average Trading Volume: 102,576
Current Market Cap: 18.04B INR
Learn more about DEN stock on TipRanks’ Stock Analysis page.