Order Dated October 09, 2018 Against India Today Online Private Limited ('ITOPL') (A Non-Material, Wholly Owned Subsidiary Of T.V. Today Network Limited ('Company'))

• Security Code: 532515
• Company: TVTODAY

ITOPL has received separate notice of demands dt.Oct 9, 2018 to tune of Rs 26 Crs and Rs 43.24 Crs for AY2013-14&2014-15 respectively from Income Tax Deptt,which were received at our office on Oct 13,2018.Management of ITOPL is evaluating notices in aforesaid matter and will take appropriate course of action.The receipt of aforesaid notice is not a material event as per policy on determination of materiality of events of Company (Policy)requiring appropriate disclosures and pertains to non-material subsidiary of Company.However,considering the fact that composite scheme of arrangement&amalgamation(Scheme) has been filed before Hon'ble NCLT,New Delhi,ITOPL is in process of being merged with Company pursuant to Scheme filed by Company,as matter of good corporate governance and to keep stakeholders duly informed,aforesaid disclosure is being made.Further,as part of Scheme documentation,Company has already submitted financials of ITOPL to stock exchanges,reflecting the amounts in dispute.