Music Broadcast designates Patel, Shah as senior management personnel

Music Broadcast designated Anurita Patel and Milli Shah as Senior Management Personnel effective July 22, 2026. The Board of Directors approved the identification based on the recommendation of the Nomination and Remuneration Committee, pursuant to Regulation 16(1)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This procedural update ensures compliance with listing norms and does not alter the existing terms and conditions of employment for either executive.

The disclosure was made to the National Stock Exchange of India Limited and BSE Limited under Regulation 30 of the Listing Regulations, read with Schedule III and SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026. The Board meeting, which commenced at 02:30 P.M. and concluded at 04:30 P.M., focused on this regulatory requirement. Arpita Kapoor, Company Secretary & Compliance Officer, signed the disclosure on behalf of the company.

Details of Designated Personnel

Name	Role	Reason for Designation	Effective Date	Terms of Appointment
Anurita Patel	Heads National Programming	Identified as Senior Management under Regulation 16(1)(d)	July 22, 2026	Existing full-time employment; no change in terms
Milli Shah	Heads Commercial and Administration	Identified as Senior Management under Regulation 16(1)(d)	July 22, 2026	Existing full-time employment; no change in terms

Both executives are existing full-time employees of Music Broadcast Limited. The designation is a regulatory formality rather than a new appointment or promotion. Anurita Patel continues to head National Programming, while Milli Shah retains her role heading Commercial and Administration. The company confirmed that there is no change in their remuneration or other conditions of service.

Regulatory Compliance

The identification of Senior Management Personnel is mandatory under SEBI Listing Regulations for listed entities. By designating these two key executives, Music Broadcast ensures its governance structure meets regulatory expectations. The information is also available on the company's website at www.radiocity.in . This disclosure reflects standard corporate governance practices and does not signal any strategic shift or operational change within the organization.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.59%	-0.44%	+13.00%	+9.18%	-18.51%	-72.27%

Music Broadcast reported a return to profitability for the first quarter ended June 30, 2026, with a net profit of ₹922.25 lakh. This marks a significant turnaround from the net loss of ₹217.42 lakh recorded in the same period last year. Revenue from operations for the quarter stood at ₹4,454.32 lakh, while total income increased to ₹5,274.41 lakh, driven by a rise in other income to ₹820.09 lakh.

The Board of Directors approved the unaudited financial results on July 22, 2026, following the recommendations of the Audit Committee. M/s. S.N. Dhawan & Co. LLP, Statutory Auditors of the Company, issued a Limited Review Report on the results. The meeting commenced at 02:30 P.M. and concluded at 04:30 P.M.

Financial Performance

The company's profit before tax for the quarter was ₹1,232.35 lakh, compared to a loss before tax of ₹217.98 lakh in Q1FY25. Total expenses for the quarter were managed at ₹4,042.06 lakh, a decrease from ₹5,852.10 lakh in the corresponding previous quarter. The finance costs reduced significantly to ₹72.19 lakh from ₹305.98 lakh in the prior year.

Earnings per share (EPS) for the quarter improved to ₹0.27, basic and diluted, from a negative ₹0.06 in the same quarter last year.

Metric	Q1FY26 (₹ in lakhs)	Q1FY25 (₹ in lakhs)
Revenue from operations	4,454.32	4,932.45
Total income	5,274.41	5,634.12
Total expenses	4,042.06	5,852.10
Profit for the period	922.25	(217.42)
Earnings per share (EPS)	0.27	(0.06)

Regulatory and Legal Disclosures

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that during the previous financial year, it redeemed all its outstanding Non-Convertible Redeemable Preference Shares (NCRPS) on January 19, 2026. Consequently, no listed non-convertible securities were outstanding as on June 30, 2026, and disclosure requirements under Regulation 52 are not applicable.

The auditors drew attention to ongoing disputes and legal proceedings amongst the promoters and promoter group members of Jagran Prakashan Limited, the Holding Company. This includes petitions filed before the National Company Law Tribunal (NCLT) and an Extraordinary General Meeting held on May 29, 2026, regarding the removal of directors. The National Company Law Appellate Tribunal (NCLAT) has directed that the implementation of the resolutions passed at the EGM remain in abeyance pending the NCLT's adjudication. Management stated it does not anticipate any material adverse impact on the company's financial position or future operations due to these matters.