Music Broadcast has received a demand notice from the Deputy Collector, Stamp Duty Valuation Organization, Division-2, Ahmedabad, alleging a shortfall in stamp duty payment on a lease deed. The notice, received on July 08, 2026, demands a total payment of ₹19,94,930, which includes a penalty of ₹17,09,940 in addition to the principal duty amount of ₹2,84,990. The order was issued under Section 68 (2) of the Gujarat Stamp Act, 1958, and other applicable provisions of the Act.

The disclosure was made to the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The regulatory filing references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, and SEBI Circular No. SEBI/HO/CFD/CFDPoD-2/P/CIR/2025/25 dated February 25, 2025.

Breakdown of Demand

The authority has alleged a deficit in the stamp duty payable on a lease deed executed by the company. The financial implications are currently limited to the amount specified in the order.

Company Response

Music Broadcast stated that it is examining the matter in consultation with its legal advisors. The company intends to evaluate the appropriate legal remedies available under law and the next course of action. It further confirmed that it will provide updates on the matter in due course.

Music Broadcast Limited has closed its trading window for designated persons and their immediate relatives from July 1, 2026, until 48 hours after the declaration of unaudited financial results for the quarter ended June 30, 2026. This measure is implemented to prevent insider trading and ensure compliance with regulatory standards during the sensitive period surrounding financial announcements.

The closure follows the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended, along with circulars issued by the stock exchanges and the company's Code of Conduct. The date of the Board Meeting for the results will be communicated to the exchanges in due course.

Pursuant to specific SEBI circulars dated July 19, 2023, and April 21, 2025, the Permanent Account Number (PAN) of designated persons and their immediate relatives will be frozen by Central Depository Services Limited (Designated Depository). This restriction applies to trading in the equity shares of music broadcast during the window closure period.

Key Details

The company has requested the stock exchanges to take the above information on record. Arpita Kapoor, Company Secretary & Compliance Officer, signed the intimation on June 22, 2026.