Awarding of order(s)/contract(s)

Diligent Media Corporation Limited has disclosed receipt of an order from the Income Tax Department concerning its income return for the Assessment Year 2011-12. The order assesses the company's total income at ₹1,12,52,18,140, which exceeds the declared loss of ₹1,12,09,54,399. However, the company successfully appealed this assessment, and there is no outstanding tax liability.

The company notes that this development will not materially affect its financial position or operations.

Investors may view this update positively, as it clarifies the company's tax standing without significant financial repercussions.