MAM
Sudip Roy is Neo Sports Broadcast senior VP, ad revenue
MUMBAI: Neo Sports Broadcast has appointed Sudip Roy as senior VP advertising revenue. He has over 16 years of broadcast ad revenue experience.
He replaces Raju Udupa. Prior to this, Roy was working with Media Content and Communications Services India (MCCS) as business head events and special features. He was responsible for ad revenue for all the news channels (ABP News-formerly Star News, ABP Ananda-formerly Star Ananda and ABP Majha-formerly Star Majha)
His career began with Zee Telefilms where he quickly rose to become the youngest branch head for all Zee Channels in Kolkata in 2001 and subsequently grew into the role of ad sales head for Zee Bangla in the Western region.
Post this, he moved to MCCS, where he was the part of the team that launched Star Ananda and was the top regional head from 2005-2008. He also conceptualised the uniform rate card for Star News, Star Ananda and Star Majha and was the rate card president for three years.
He then took over as the first business head of events, special features for these three channels and ensured that all events conceptualised were profitable.
Neo Sports Broadcast COO Prasana Krishnan said, “With his i
mpressive track record in the broadcast industry and focus on profitability, Sudip is the ideal candidate to grow our business further and I welcome him into the Neo family.”
Roy said, “With multiple long term rights deals with leading global sports federations, Neo Sports is poised for growth in an exciting new era for sports broadcasting in India. It‘s been an exciting ride for me in the broadcast industry so far, and I look forward to working with the team to lead advertising revenue at Neo to new heights”.
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI:Â Jubilant FoodWorks Limited has landed in a tax tussle after receiving a GST demand of Rs 47.5 crore from the office of the additional commissioner of CGST and central excise in Thane, Maharashtra.
The order, issued under the provisions of the Central Goods and Services Tax Act, 2017, relates to an alleged incorrect classification of certain services under the category of restaurant services. According to the tax authorities, this classification resulted in a short payment of goods and services tax for the period between the financial years 2019-20 and 2021-22.
The demand includes Rs 47.5 crore in GST along with an equal amount as penalty, in addition to applicable interest. The order was received by the company on March 13, 2026.
In a regulatory filing to the BSE Limited and the National Stock Exchange of India Limited, the company said it disagrees with the order and believes its arguments were not adequately considered.
The company is preparing to challenge the decision and plans to file an appeal. It added that once the redressal process is complete, the demand is likely to be dropped.
Despite the sizeable figure attached to the notice, the company said it does not expect any material impact on its financials, operations or other activities.
The disclosure was signed by Suman Hegde, EVP and chief financial officer, who confirmed that the company received the order at 19:06 IST on March 13 and has already initiated steps to contest it.
The development places the quick service restaurant major in the middle of a tax debate that could hinge on how certain restaurant-linked services are classified under GST rules. For now, the company appears ready to take the matter from the tax office to the appeals desk.
