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An announcement from DEN Networks Limited ( (IN:DEN) ) is now available.
DEN Networks Limited announced that it has received an order from the Joint Commissioner of Central Tax and Central Excise, CGST Kochi Commissionerate, demanding a recovery of Rs. 33.25 crore as differential tax and penalty for the period between July 2017 and March 2022. The order alleges incorrect tax payments on amounts charged by local cable operators rather than the company itself, and DEN Networks plans to appeal against what it considers an erroneous order. The financial implications are limited to the specified amount, and no significant impact on operations or other activities is expected.
More about DEN Networks Limited
DEN Networks Limited operates in the telecommunications industry, primarily offering cable television and broadband services. The company focuses on delivering digital entertainment and connectivity solutions to a broad market in India.
YTD Price Performance: -13.83%
Average Trading Volume: 102,576
Current Market Cap: 18.04B INR
For a thorough assessment of DEN stock, go to TipRanks’ Stock Analysis page.
