Music Broadcast Limited , the company behind Radio City, has announced the appointment of Ms. Divya Rupchand Karani as a Non-Executive Independent Director for a five-year term. The decision was approved by shareholders at the company's 26th Annual General Meeting (AGM) held on September 17, 2025.

Key Highlights

• Ms. Karani's term will run from July 24, 2025, to July 23, 2030.
• The appointment was based on the recommendation of the Board of Directors.
• Shareholders overwhelmingly approved the appointment with 99.99% votes in favor.

About Divya Karani

Ms. Karani brings a wealth of experience to her new role:

• Extensive background in Communication & Media, Marketing, and Business Leadership.
• Geographic expertise spanning South East Asia, UK, and Asia Pacific.
• Previously served as CEO of Dentsu South Asia Media for 12 years until 2023.
• Currently holds positions as Independent Non-Executive Director on the boards of ZEE Entertainment Enterprises Limited and Jagran Prakashan Limited.

Additional AGM Outcomes

The 26th AGM of Music Broadcast Limited, conducted through video conferencing, also saw the approval of several other resolutions:

1. Adoption of Audited Financial Statements for the year ended March 31, 2025.
2. Confirmation of Interim Dividend payment to Non-Cumulative Redeemable Preference Shares.
3. Re-appointment of Mr. Shailesh Gupta as a director.
4. Appointment of M/s S.N. Dhawan & Co. LLP as Statutory Auditors for a five-year term.
5. Ratification of Cost Auditor's remuneration for the financial year 2025-26.
6. Appointment of Mr. Deepak Rane as the Secretarial Auditor for a five-year term.

All resolutions passed with an overwhelming majority, each receiving over 99.99% votes in favor.

The AGM, which began at 1:00 PM IST, concluded at 2:07 PM, marking a significant day for Music Broadcast Limited's corporate governance and future direction.

Music Broadcast , the company behind Radio City, has been directed by the Madras High Court to produce music logs and calculate royalty payments for SIMCA (South Indian Music Companies Association) members, as part of an ongoing legal dispute.

Court Order Details

The Madras High Court has issued an order requiring Music Broadcast to:

• Produce music logs for SIMCA members covering the period from August 2010 to December 2020
• Calculate royalty payments at needle-per-hour rates as per individual agreements with SIMCA members
• Submit the calculations to the court within four weeks

The next hearing for this case is scheduled for September 26, 2025.

Company's Response

Music Broadcast has stated that the court order does not require any immediate payment to either the petitioner or the court. However, the company has announced its intention to file an appeal against the order before the appropriate forum.

Implications and Next Steps

This development is part of an ongoing legal proceeding, specifically related to Contempt Petition No. 3238 of 2024. The court's directive for Music Broadcast to produce detailed music logs and royalty calculations suggests a significant step in the resolution of this dispute.

While the immediate financial impact on the company appears limited, as no immediate payment has been ordered, the outcome of this case could have implications for the company's royalty payment structure and financial obligations to SIMCA members.

Music Broadcast's decision to appeal the order indicates that the company is preparing to contest the court's directives. This legal battle may have broader implications for the music broadcasting industry in India, particularly concerning royalty calculations and payments to music rights holders.

Investors and stakeholders of Music Broadcast will likely be watching closely as this legal matter unfolds, given its potential impact on the company's operations and financials in the music broadcasting sector.