Music Broadcast Limited (MBL), the operator of Radio City FM stations, has announced the appointment of media and marketing veteran Divya Rupchand Karani as an Additional Non-Executive Independent Director. The appointment, effective July 24, 2025, is for a term of five consecutive years, subject to shareholder approval at the upcoming Annual General Meeting.

Appointment Details

Ms. Karani's appointment was made based on the recommendation of the Nomination and Remuneration Committee and received approval from the Ministry of Information and Broadcasting. The company has confirmed that her appointment complies with all regulatory requirements, and she is not debarred from holding the office of Director by any SEBI order or any other authority.

Extensive Experience in Media and Marketing

Ms. Karani brings a wealth of experience to her new role at MBL. Her career spans across South East Asia, the UK, and Asia Pacific, with a strong focus on communication, media, marketing, and business leadership. She has a proven track record of building sustainable businesses that thrive in dynamic marketplaces by embracing change and leveraging technology.

Previous Roles and Achievements

Prior to joining MBL's board, Ms. Karani served as the CEO of Dentsu South Asia Media for 12 years until 2023. During her tenure, she was instrumental in establishing Dentsu as one of the top three agency networks in India. Her contributions to the industry have been widely recognized, including:

• Serving as a Cannes Jury member in 2022 and 2004
• Participating as a Spikes Asia Jury member in 2022
• Judging the INMA Global Awards

Ms. Karani's leadership has earned her several accolades, including the "Women Leadership Achievement Award" from the World Women Leadership Congress in 2016 and the Mumbrella Asia Agency Leader of the Year award in 2019. For the past decade, she has consistently been voted among the 50 most influential women in Indian Media, Marketing, and Advertising.

Current Board Positions

In addition to her new role at Music Broadcast Limited, Ms. Karani currently serves as an Independent Non-Executive Director on the boards of ZEE Entertainment Enterprises Limited and Jagran Prakashan Limited. These positions further underscore her expertise and standing in the media industry.

Educational Background

Ms. Karani holds a Bachelor's degree in Commerce and Economics from Sydenham College, Mumbai. Her academic background, combined with her extensive industry experience, positions her well to contribute to MBL's strategic direction and growth.

Commitment to Industry Development

Throughout her career, Ms. Karani has shown a commitment to nurturing future talent in the industry. She has been a guest speaker at several prestigious institutions, including IIM Udaipur, IIM Shillong, Symbiosis, Prestige University, and IIM Trichy, sharing her insights and experiences with the next generation of media and marketing professionals.

Shareholding Information

It's worth noting that Ms. Karani currently holds no shares in Music Broadcast Limited.

As Music Broadcast Limited continues to navigate the evolving media landscape, the addition of Divya Rupchand Karani to its board brings valuable expertise and insights that could help shape the company's future strategies in the competitive radio and digital media sectors.

Music Broadcast Limited (MBL), the operator of Radio City, has announced its financial results for the first quarter ended June 30, 2025, along with a key board appointment. The company has shown a turnaround in its performance, reporting a profit after a loss in the previous quarter.

Financial Highlights

MBL reported a revenue from operations of Rs 50.00 crore for Q1 FY2025-26, compared to Rs 54.67 crore in the previous quarter, representing a slight decrease of 8.54%. Despite the lower revenue, the company managed to turn a profit:

The company's turnaround from a loss of Rs 38.03 crore in the previous quarter to a profit of Rs 2.17 crore in Q1 FY2025-26 is noteworthy. This improvement in profitability comes despite a marginal decrease in revenue, suggesting effective cost management and operational efficiency.

Operational Performance

The company's operating margin for the quarter stood at 16.13%, indicating a robust operational performance. The total expenses for the quarter were Rs 58.52 crore, down from Rs 111.79 crore in the previous quarter, reflecting significant cost optimization efforts.

Board Appointment

In a strategic move to strengthen its leadership, MBL's Board of Directors has appointed Ms. Divya Rupchand Karani as an Additional Non-Executive Independent Director for a term of five years, effective July 24, 2025. This appointment is subject to shareholder approval at the upcoming Annual General Meeting.

Ms. Karani brings a wealth of experience in communication, media, and marketing to MBL. Her previous role as CEO of Dentsu South Asia Media for 12 years until 2023 positions her well to contribute to MBL's strategic direction. Her expertise spans across South East Asia, UK, and Asia Pacific markets.

Management Commentary

While specific management comments were not provided in the available data, the company's ability to return to profitability in a challenging market environment suggests a focused approach to financial management and operational efficiency.

Looking Ahead

As Music Broadcast Limited navigates the evolving media landscape, the combination of improved financial performance and the addition of experienced leadership in Ms. Karani positions the company for potential growth. Shareholders and market observers will likely keep a close watch on how these developments translate into long-term value creation for the company.

Music Broadcast Limited continues to operate in a dynamic sector, and its ability to adapt to changing market conditions while improving its bottom line will be crucial for sustained success in the coming quarters.