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DEN Networks Penalized for GST Discrepancy, Plans Appeal

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DEN Networks Penalized for GST Discrepancy, Plans Appeal

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An announcement from DEN Networks Limited ( (IN:DEN) ) is now available.

DEN Networks Limited has been penalized Rs. 4.75 crores by the CGST and Central Excise Commissionerate, Lucknow for alleged lesser discharge of GST for the fiscal year 2017-18. The company plans to appeal the decision as it believes the order is erroneous, and states that there will be no material impact on its operations or activities.

More about DEN Networks Limited

DEN Networks Limited operates in the telecommunications industry, primarily offering cable television services and broadband internet. The company focuses on providing digital entertainment solutions across India, leveraging its extensive network infrastructure to serve a diverse customer base.

YTD Price Performance: -21.53%

Average Trading Volume: 95,243

Current Market Cap: 15.99B INR

For an in-depth examination of DEN stock, go to TipRanks’ Stock Analysis page.

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