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New Delhi Television Ltd. - Sub: Disclosure Under Regulation 30 Of SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015

| Updated on June 29, 2019

New Delhi Television Ltd. (NDTV) and its subsidiary, NDTV Worldwide Ltd., (Worldwide), have received orders, as specified below, under Sections 271AA, 271BA and 271G of the Income tax Act, 1961 in relation to certain domestic transactions:
- Order dated 21.06.2019 passed under Section 271AA in the case of NDTV for assessment year (AY) 2015-16 wherein a penalty of Rs. 63,22,577/- has been levied,

- Order dated 21.06.2019 passed under Section 271BA in the case of Worldwide for AY 2015-16 wherein a penalty of Rs. 1,00,000/- has been levied, and

- Order dated 21.06.2019 passed under Section 271G in the case of Worldwide for AY 2015-16 wherein a penalty of Rs. 10,17,400/- has been levied

On perusal of the orders stated above, we have been advised that the said penalties have been levied without basis. We are currently in the process of preparing appeals against the above orders and would be filing them shortly.
Please take the above information on record.

Pdf Link: New Delhi Television Ltd. - Sub: Disclosure Under Regulation 30 Of SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015

Source : BSE - www.bseindia.com

Published on June 29, 2019

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