Entertainment Network (India) Ltd announced that there has been no change in the ongoing litigation involving its key management. The interim stay granted earlier by the court remains in force, ensuring temporary relief. The company emphasized stability in its legal position while continuing regular operations without disruption.
Entertainment Network (India) Ltd, the operator of Radio Mirchi and a leading player in India’s FM radio industry, has provided an update on its ongoing litigation concerning key management personnel. The company clarified that there has been no change in the status of the case, and the interim stay previously granted by the court continues to remain effective.
Important Points
Litigation Status: No new developments have been reported in the ongoing case against key management.
Court Relief: The interim stay order remains in force, offering temporary protection to the management.
Operational Continuity: The company confirmed that its business operations remain unaffected by the litigation.
Investor Assurance: By reiterating the unchanged legal status, the company aims to maintain transparency and reassure stakeholders.
Industry Context: Entertainment Network (India) Ltd is a prominent media company, best known for its flagship brand Radio Mirchi, with a strong presence across multiple cities.
This update underscores the company’s commitment to keeping investors informed while navigating legal proceedings. Stakeholders will continue to monitor the situation closely for any future developments.
Sources: Business news wires, Reuters