Eros International Media Ltd. News and Updates

Keep track of all breaking news on Eros International Media Ltd. from all sources in a single place.

07 Feb 2025

ED carries out searches against Eros International in Rs 2,000 cr Fema case

Business Standard

The Enforcement Directorate Friday said it recently carried out searches against leading entertainment company Eros International Media Ltd and some linked entities as part of a probe into a Rs 2,000-crore foreign exchange law violation case. The searches were undertaken on February 5 at five locations in Mumbai under the Foreign Exchange Management Act (FEMA), the probe agency said. The company could not be contacted immediately for a response. In a statement, the ED said the searches were part of an ongoing probe in the case of alleged "fund diversion" by Eros International Media Ltd and the other entities of EROS group. "Incriminating" documents pertaining to overseas entities, immovable properties, overseas bank accounts and digital devices were seized, it said. The federal probe agency said the probe was initiated based on SEBI investigation against EROS group and its promoters for alleged misrepresentation of finances and "diversion/siphoning" of funds amounting to around Rs

Eros International Media Ltd.

04 Nov 2024

Sebi slaps Rs 50 lakh fine on Lulla for violating mkt norms in Eros matter

Business Standard

Capital markets regulator Sebi has slapped a fine of Rs 50 lakh on promoter and former MD of Eros International Media Sunil Arjan Lulla in a case related to the violation of regulatory norms. In June 2023, Sebi passed an interim order, wherein the regulator prohibited five entities, including Eros International and its Managing Director (MD) Sunil Lulla from securities markets in a case on the possible diversion of funds based on prima facie findings. The regulator also barred Sunil Lulla from holding the position of a director or a key managerial personnel in any listed company, including Eros or its subsidiaries or any Sebi-registered intermediary until further orders. Thereafter, Sunil Lulla appealed before the Securities Appellate Tribunal (SAT) against Sebi's interim order. However, the tribunal upheld the order of the regulator in August 2023. In October 2023, the regulator confirmed the ban against them. The markets watchdog observed that Sunil Lulla had failed to comply wi

Eros International Media Ltd.

29 Oct 2024

Eros case: Sebi fines 17 cos Rs 12 lakh each for not complying with summons

Business Standard

Markets regulator Sebi on Tuesday imposed penalties totalling Rs 2 crore on 17 entities for non-compliance with its investigation and failure to provide complete and timely information in the matter of Eros International Media Ltd. The regulator levied a fine of Rs 12 lakh each on the 17 entities and the amount needs to be paid within 45 days, according to Sebi's order. The matter revolves around alleged financial irregularities and mismanagement concerning agreements between Eros International Media Ltd. (EIML) and Spicy Entertainment & Media Ltd. (SEML), along with other related entities. The regulator sought detailed information regarding shareholders and directors of SEML since its incorporation; agreements and transactions between EIML and SEML, including ledgers, bank statements and tax filings, details of co-produced movies and reasons for incomplete or terminated projects and information on payments and refunds between the two companies. In its order, Sebi noted repeated ..

Eros International Media Ltd.

04 Oct 2024

Should you buy these film & entertainment stocks this festive season?

Business Standard

Media stocks in focus ahead of big film releases this Diwali: PVRInox, Eros Media and Shemaroo Entertainment among 5 stocks that can rally up to 28% from here on, shows technical charts.

Eros International Media Ltd.

16 Sep 2024

Eros Group Plans Rs 900 Crore Revenue From Upcoming Greater Noida West Project

NDTV Profit

The company has recently launched its new housing project 'Eros Sampoornam 3' in Greater Noida West comprising a total of 726 units. The project is spread over 5.5 acre and is scheduled to be delivered by 2028.