TV18 Broadcast Limited received an order dated August 31, 2024 from the Assistant Commissioner (ST)(FAC), Vanasthalipuram-I Circle, Saroornagar Division, Telangana levying a penalty of INR 10,000/- under Section 73 of the Telangana GST Act, 2017. The order has been passed alleging less liability discharged due to excess reporting of credit notes during the financial year 2019-20. The Company intends to file an appeal against the order.

The financial impact of the aforesaid order is to the extent of the penalty levied.