Music Broadcast Limited shareholders approved the company’s audited financial statements for FY26 and confirmed interim dividend payments to preference shareholders at its 27th Annual General Meeting on September 2, 2026.

The meeting, conducted via video conference, saw all four ordinary resolutions passed with overwhelming support. Promoter group members voted in favor of 100% of their holdings across all agenda items.

Voting Results

The voting process included remote e-voting from August 30 to September 1, 2026, followed by Insta-Poll voting during the AGM. A total of 44 shareholders attended the meeting virtually.

Key Agenda Items

• Adoption of audited financial statements, Directors' Report, and Statutory Auditors' Report for the financial year ended March 31, 2026.
• Confirmation of interim dividend payment to Non-Cumulative Redeemable Preference Shares (NCRPS) holders.
• Reappointment of Mr. Rahul Gupta as a Director, retiring by rotation.
• Ratification of Cost Auditor's remuneration for the financial year ended March 31, 2027.

What the Numbers Show

Promoter participation was absolute, with the promoter group casting all 255,989,649 shares held in favor of every resolution. Public non-institutional shareholders showed high engagement relative to their holding size, with 0.30% of outstanding shares polled, resulting in over 99.4% support for all items.

Music Broadcast Limited will hold its 27th Annual General Meeting (AGM) on September 02, 2026, via video conferencing, following a strong Q1 FY27 financial performance that saw the company turn profitable. The meeting aims to transact business including the approval of financial results for FY26, as shareholders prepare to vote on key corporate resolutions. This procedural update follows the company’s disclosure of a ₹9.22 crore profit after tax (PAT) for the quarter ended June 30, 2026, marking a significant turnaround from the previous year’s loss. The stakes for investors are clear: participation in the remote e-voting process is essential to influence corporate governance decisions during this period of operational recovery.

The AGM is scheduled for 1:00 p.m. IST on Wednesday, September 02, 2026. In compliance with SEBI circulars and the Companies Act, 2013, the meeting will be conducted through Video Conferencing/Other Audio Visual Means (VC/OAVM). KFin Technologies Limited has been engaged as the Registrar and Share Transfer Agent (RTA) to facilitate remote e-voting and the VC/OAVM facility. Shareholders participating via VC/OAVM will be reckoned for quorum purposes under Section 103 of the Act. The notice was published in Business Standard and Mumbai Lakshadeep on August 06, 2026, pursuant to Regulation 30 and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Voting and Document Access

Electronic copies of the Annual Report for FY25-26 and the AGM notice were dispatched electronically on August 05, 2026, to members with registered email addresses. Physical copies are available upon request at investor@radiocity.com . The documents are also accessible on the company’s website and exchange portals. Members can cast votes via remote e-voting prior to the AGM or during the meeting using the e-voting facility provided by KFintech.

Shareholders without registered emails will receive a letter with weblinks to access the Annual Report, in accordance with Regulation 36(1)(b) of the Listing Regulations. It is critical for investors to ensure their contact details are updated to participate effectively in the voting process.

E-Voting Timeline

The remote e-voting period commences from Sunday, August 30, 2026 (9:00 a.m. IST) and ends on Tuesday, September 01, 2026 (5:00 p.m. IST). During this period, members holding equity shares as on the cut-off date of Thursday, August 27, 2026, may cast their votes electronically. The remote e-voting module will be disabled by KFinTech at 5:00 p.m. on September 01, 2026. Members who have exercised their vote through remote e-voting may participate in the AGM through VC/OAVM but shall not be entitled to vote again at the meeting.

Financial Context

The AGM follows a quarter where Music Broadcast reported a PAT of ₹9.22 crore, up from a loss of ₹2.18 crore in Q1 FY26. Operating EBITDA surged 849% year-on-year to ₹8.9 crore, driven by cost reductions despite a 10% decline in revenue to ₹44.5 crore. The company maintains a net cash position of ₹270 crore, providing financial stability as it navigates subdued radio advertising markets while growing its "Radio Plus" creative business segment.

What the Numbers Show

The juxtaposition of declining top-line revenue (-10%) with surging profitability (+849% EBITDA growth) highlights a strategic shift towards operational efficiency over volume expansion. Management’s focus on structural cost optimization, including a hub-and-spoke studio model, has successfully insulated bottom-line results from broader market headwinds in pure radio advertising. This margin expansion suggests that future profitability may remain resilient even if revenue growth remains modest.