Music Broadcast Ltd

Music Broadcast Limited has announced the closure of its trading window for all Designated Persons and their Immediate Relatives. This closure will be effective from Wednesday, July 01, 2026, and will remain in effect until 48 hours after the declaration of the Un-audited Financial Results for the quarter ended June 30, 2026. This measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. Additionally, the PAN of Designated Persons and their immediate relatives will be frozen for trading in the Company's Equity Shares during this period, as per recent SEBI circulars.

Music Broadcast Ltd (Radio City) announced its audited financial results for the year ended March 31, 2026. Key highlights include revenue from operations of ₹17,443.25 lakhs and total income of ₹20,118.69 lakhs. The board also approved the re-constitution of the Nomination and Remuneration Committee, designating Ms. Divya Karani as Chairperson effective May 30, 2026. Additionally, M/s Ernst & Young LLP was appointed as the Internal Auditor for FY 2026-27.

Music Broadcast Ltd has appointed Mr. Sameer Kasare as Senior Vice-President – Information Technology and Senior Management Personnel, effective May 21, 2026. The appointment follows the recommendation of the Nomination and Remuneration Committee and approval by the Board of Directors. Mr. Kasare brings over 27 years of experience across organizations like Big FM, Carnival Group, and India Today Group, with expertise in technology ecosystems, cloud transformation, cybersecurity, and broadcast automation.

Music Broadcast Ltd's board approved the audited financial results for the year ended March 31, 2026. Key decisions included the re-constitution of the Nomination and Remuneration Committee (NRC), with Ms. Divya Karani as Chairperson effective May 30, 2026. The board also approved the appointment of M/s Ernst & Young LLP as the Internal Auditor for FY 2026-27, replacing M/s KPMG Assurance and Consulting Services LLP. The company's revenue from operations for FY26 stood at ₹17,443.25 lakhs.

Music Broadcast Ltd has scheduled a Board of Directors meeting on May 21, 2026, to consider and approve the Audited Financial Results for the quarter and year ended March 31, 2026. The trading window remains closed until 48 hours after the meeting's conclusion, as per insider trading regulations. The notice is available on the company's website and stock exchange websites.

Music Broadcast Ltd has announced the re-constitution of its Board Committees, effective April 27, 2026. The committees include the Audit Committee, Nomination and Remuneration Committee, and Corporate Social Responsibility (CSR) Committee. Key members and their positions across these committees have been defined, with some newly inducted members.

Music Broadcast Ltd has received a demand order of ₹8,71,476/- under Section 154 read with Section 155 (18) of the Income-Tax Act, 1961, for the Assessment Year 2019-20. The order was passed by the Asst. Commissioner of Income Tax – 14(1)(1), Mumbai, dated March 27, 2026, and received by the company via email on April 13, 2026. The company, in consultation with its advisors, will evaluate the next course of action. The financial impact is limited to the amount specified in the order, and updates will be provided in due course.

Music Broadcast Ltd has received a demand order passed under Section 156 of the Income-Tax Act, 1961 for the assessment year 2010-11. The order is dated March 27, 2026, and was received by the Company on March 30, 2026. The demand order is for Rs.24,46,476/-. The Company will file an appeal against the order and based on preliminary assessment, does not expect any material adverse financial impact at this stage.

Music Broadcast Ltd, a company with CIN L64200MH1999PLC137729, has received a Rectification Order from the Office of the Deputy Commissioner, Lucknow, Uttar Pradesh, under Section 73 of IGST/CGST/SGST Act, 2017. The order, received on March 19, 2026, has reduced the demand to ₹0 (incl. penalty) from the original ₹89,63,361. This decision comes after the company filed a rectification application for the initial demand order. The order has no quantifiable impact on the company's financial, operational, or other activities.

Music Broadcast Limited has announced the closure of the trading window for all designated persons and their immediate relatives. The closure will be in effect from Wednesday, April 1, 2026, until 48 hours after the declaration of the Audited Financial Results for the quarter and year ended March 31, 2026. This move is in compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, circulars issued by the stock exchanges, and the company's Code of Conduct. The date of the Board Meeting for the said results will be intimated to the Stock Exchanges in due course. In addition, pursuant to SEBI circulars SEBI/HO/ISD/ISD-PoD-2/P/CIR/2023/124 and SEBI/HO/ISD/ISD-PoD-2/P/CIR/2025/55, the PAN of Designated Persons of the Company and their immediate relatives will be freezed by Central Depository Services Limited (Designated Depository) for trading in Equity Shares of the Company during the said trading window closure period.