Music Broadcast Limited Submits SEBI Compliance Certificate for Q4 FY26 with No Demat/Remat Activity

1 min read     Updated on 15 Apr 2026, 03:27 PM
scanx
Reviewed by
Radhika SScanX News Team
AI Summary

Music Broadcast Limited filed its SEBI Regulation 74(5) certificate for Q4 FY26, confirming no Demat/Remat requests were processed during the quarter ended March 31, 2026. The certificate was submitted through registrar KFin Technologies Limited to both NSDL and CDSL, demonstrating regulatory compliance with SEBI depositories and participants regulations.

powered bylight_fuzz_icon
37792635

*this image is generated using AI for illustrative purposes only.

Music Broadcast Limited has submitted its mandatory regulatory certificate under SEBI Regulation 74(5) for the quarter ended March 31, 2026. The filing confirms that no Demat or Remat requests were processed during the fourth quarter of FY26, demonstrating the company's compliance with Securities and Exchange Board of India depositories and participants regulations.

Regulatory Compliance Filing

The certificate was formally submitted on April 15, 2026, by Company Secretary and Compliance Officer Arpita Kapoor to both the National Stock Exchange of India Limited and BSE Limited. The submission fulfills the mandatory quarterly reporting requirement under SEBI (Depositories and Participants) Regulations, 2018.

Filing Details: Information
Quarter Covered: March 31, 2026
Submission Date: April 15, 2026
Regulation: SEBI Regulation 74(5)
Demat/Remat Activity: Zero requests processed

Registrar Confirmation

KFin Technologies Limited, serving as the company's Registrar and Share Transfer Agent, issued separate certificates to both National Securities Depository Limited and Central Depository Services (India) Ltd on April 3, 2026. Vice President Dnyanesh Gharote signed both certificates confirming the absence of any Demat or Remat request processing during the quarter.

The certificates were addressed to the respective depositories' Mumbai offices, with copies provided to Music Broadcast Limited's corporate office in Bandra East. KFin Technologies Limited operates from its registered office in Kurla West, Mumbai, and maintains operations centers in Hyderabad.

Corporate Information

Music Broadcast Limited maintains its corporate office at the 5th Floor, RNA Corporate Park, off Western Express Highway, Kalanagar, Bandra East, Mumbai. The company's shares are listed on both NSE with scrip code RADIOCITY and BSE with scrip code 540366.

This quarterly filing represents standard regulatory compliance, ensuring transparency in share transfer and depository services activities. The zero activity reported indicates no shareholder requests for converting physical shares to electronic form or vice versa during the quarter ended March 31, 2026.

Historical Stock Returns for Music Broadcast

1 Day5 Days1 Month6 Months1 Year5 Years
+0.66%-1.92%+32.68%-25.33%-38.08%-73.91%

What factors might be contributing to the absence of Demat/Remat activity, and could this indicate changes in Music Broadcast's shareholder composition or trading patterns?

How might Music Broadcast's operational performance and business strategy evolve in FY27 given the stable shareholding structure indicated by zero conversion requests?

Will SEBI introduce any modifications to Regulation 74(5) reporting requirements that could impact how companies like Music Broadcast handle future quarterly filings?

Music Broadcast Limited Receives Income Tax Demand Order of ₹8,71,476 for Assessment Year 2019-20

1 min read     Updated on 14 Apr 2026, 12:48 AM
scanx
Reviewed by
Radhika SScanX News Team
AI Summary

Music Broadcast Limited received an income tax demand order of ₹8,71,476 for Assessment Year 2019-20 from Assistant Commissioner of Income Tax, Mumbai. The order dated March 27, 2026, was issued under Section 154 read with Section 155 (18) of Income-Tax Act, 1961. The company disclosed this to stock exchanges under Regulation 30 and stated it will evaluate next steps with advisors, with financial impact limited to the demand amount.

powered bylight_fuzz_icon
37653511

*this image is generated using AI for illustrative purposes only.

Music Broadcast Limited has received an income tax demand order of ₹8,71,476 for Assessment Year 2019-20 from the Assistant Commissioner of Income Tax. The company disclosed this information to stock exchanges under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Tax Demand Details

The demand order was issued under Section 154 read with Section 155 (18) of the Income-Tax Act, 1961. The order carries significant administrative details that the company has formally communicated to both NSE and BSE.

Parameter Details
Issuing Authority Asst. Commissioner of Income Tax – 14(1)(1), Mumbai
Order Date March 27, 2026
Receipt Date April 13, 2026 (via email)
Demand Amount ₹8,71,476
Assessment Year 2019-20
Legal Provision Section 154 read with Section 155 (18) of Income-Tax Act, 1961

Regulatory Compliance

Music Broadcast Limited has fulfilled its disclosure obligations by informing stock exchanges about this development. The disclosure was made in compliance with SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2025/25 dated February 25, 2025.

Company's Response

The company has indicated that it will evaluate the next course of action in consultation with its advisors. Music Broadcast Limited stated that the financial impact is limited to the amount of demand specified in the order. The company has committed to providing updates on the matter in due course as developments unfold.

Financial Impact Assessment

According to the company's disclosure, the impact on financial, operational, or other activities is quantifiable and limited to the demand amount of ₹8,71,476. This represents the maximum potential financial exposure from this particular tax assessment for Assessment Year 2019-20.

Historical Stock Returns for Music Broadcast

1 Day5 Days1 Month6 Months1 Year5 Years
+0.66%-1.92%+32.68%-25.33%-38.08%-73.91%

Will Music Broadcast Limited challenge this tax demand through appeal proceedings, and what are the potential costs and timeline for such legal action?

Could this tax assessment indicate broader scrutiny from income tax authorities on Music Broadcast's other assessment years?

How might this tax demand and potential future assessments impact Music Broadcast's cash flow and dividend distribution plans?

More News on Music Broadcast

1 Year Returns:-38.08%