music broadcast designated Ms. Anurita Patel and Ms. Milli Shah as Senior Management Personnel effective July 22, 2026. The decision was taken by the Board of Directors 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. The designations were disclosed to the exchanges under Regulation 30 of the Listing Regulations.

Ms. Anurita Patel heads National Programming, while Ms. Milli Shah heads Commercial and Administration. The identification and designation of both individuals as Senior Management Personnel do not involve new appointments or changes to their existing terms and conditions of employment. Both executives are existing full-time employees of the company.

The Board meeting commenced at 02:30 P.M. and concluded at 04:30 P.M. on July 22, 2026. The disclosure was made in compliance with Regulation 30 read with Schedule III of the Listing Regulations and the SEBI Master Circular issued thereunder.

Details of Designated Personnel

The information has been made available on the company's website. Arpita Kapoor, Company Secretary & Compliance Officer, signed the disclosure on behalf of Music Broadcast Limited.

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.

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.