Music Broadcast Limited has completed the processing of interim dividend and redemption payments for its Non-Convertible Non-Cumulative Redeemable Preference Shares (NCRPS) holders. The company informed the National Stock Exchange of India Limited and BSE Limited about the completion of payments on January 28, 2026.

Board Approval and Payment Details

The Board of Directors at its meeting held on January 05, 2026, declared an interim dividend for Financial Year 2025-26 at the rate of 0.1% on the NCRPS. The dividend amounts to ₹ 0.01 per NCRPS of face value Rs. 10 each, issued as bonus shares pursuant to the Scheme of Arrangement.

Redemption Approval

The Board has approved the redemption of the NCRPS at ₹ 120 per NCRPS upon maturity. These preference shares were issued under the Scheme of Arrangement and the redemption represents the maturity value for eligible shareholders.

Eligibility and Processing

Both the interim dividend and redemption payments were processed on January 19, 2026, for eligible NCRPS holders whose names appeared in the register of members as on the record date of January 09, 2026. The company has sent email communications to all NCRPS shareholders having their email IDs registered with the Registrar and Share Transfer Agent regarding the processed payments.

Registrar and Transfer Agent

KFin Technologies Limited serves as the company's Registrar and Share Transfer Agent. The RTA is located at Selenium Tower-B, Plot No 31 & 32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad - 500032, Telangana. Shareholders requiring clarifications can contact the RTA at einward.ris@kfin-tech.com .

Stock Exchange Information

Music Broadcast Limited trades on both NSE and BSE with the scrip codes RADIOCITY and 540366 respectively. The company's ISIN is INE919I01024. Additional information is available on the company's website at www.radiocity.com .

Music Broadcast Limited has announced key corporate actions regarding its Non-Convertible Redeemable Preference Shares (NCRPS), setting January 9, 2026, as the record date for interim dividend payment and share redemption eligibility.

Board Approvals and Key Decisions

During the Board of Directors meeting held on January 5, 2026, the company approved two significant resolutions under Regulations 51 and 60 of the SEBI Listing Regulations. The board meeting, which commenced at 11:00 a.m. and concluded at 12:00 noon, addressed the completion of the NCRPS term period.

NCRPS Structure and Redemption Terms

The company had previously issued 89,69,597 Listed 0.1% Non-Convertible, Non-Cumulative Redeemable Preference Shares with specific financial parameters. These preference shares carry a face value of ₹10.00 each and were issued at a premium of ₹90.00 per share, bringing the total issue price to ₹100.00 per NCRPS.

Redemption Timeline and Regulatory Framework

The NCRPS were structured with a mandatory redemption period of 36 months from the allotment date of January 19, 2023. This timeline means the preference shares will complete their term on January 19, 2026, triggering the redemption process. The redemption carries a premium of ₹20.00 per share, resulting in a total redemption value of ₹120.00 per NCRPS.

The issuance and redemption framework operates under a Scheme of Arrangement between Music Broadcast Limited and its shareholders, approved under Sections 230 of the Companies Act, 2013. The Hon'ble National Company Law Tribunal, Mumbai Bench, had previously sanctioned this arrangement for issuing NCRPS to non-promoter shareholders as bonus shares.

Eligibility and Payment Process

Shareholders eligible for both the interim dividend and redemption proceeds will be determined based on their holdings as recorded on January 9, 2026. The company will recognize NCRPS holders whose names appear in the Register of Members or in the records of depositories as beneficial owners on the specified record date.

Regulatory Compliance and Communication

The company has fulfilled its disclosure obligations under Regulation 60 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Music Broadcast Limited has communicated these developments to both the National Stock Exchange of India Limited and BSE Limited, ensuring compliance with all applicable listing regulations. The company secretary Arpita Kapoor signed the official communication, with copies sent to NSDL, CDSL, and the Registrar and Transfer Agent.