Music Broadcast Limited , the company behind Radio City, has disclosed an update on its ongoing litigation proceedings. The case, which is currently before the Division Bench of the Madras High Court, has seen some developments that may be of interest to investors and stakeholders.

Key Developments in the Litigation

• Current Status: The appeal is presently before the Division Bench of the Madras High Court.
• Interim Stay: The Bench has granted a stay on the order of the Single Judge.
• Hearing Progress: The matter is being heard alongside the appeal filed in the case of Phonographic Performance Limited (PPL).
• Ongoing Proceedings: The hearing is in progress and is scheduled to continue on subsequent dates.
• Stay Order: The interim stay granted by the Court remains in force until further orders.

Litigation Details

Music Broadcast Limited has stated that it will provide further updates on any material developments in this matter. The company has made this disclosure in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company Information

Music Broadcast Limited, which operates under the brand name Radio City, is listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Here are the key details:

The company has also issued Non-Convertible Redeemable Preference Shares (NCRPS) with the ISIN INE919I04010.

As this litigation progresses, investors and stakeholders of Music Broadcast Limited should keep an eye on further announcements from the company regarding the case outcome and its potential impact on operations.

Music Broadcast Limited , the company behind Radio City, is projecting a recovery in its business, driven by growth in digital audio and diversification of its advertising revenue streams. The company's strategy focuses on leveraging digital audio expansion, non-FCT (Fixed Commercial Time) advertising, and brand integration opportunities to boost its performance.

Digital Audio Growth

Music Broadcast is betting big on the digital audio segment as a key driver for its recovery. The company sees significant potential in this area, aligning with the growing trend of digital audio consumption across various platforms.

Diversified Advertising Approach

The company is not solely relying on traditional radio advertising but is expanding its revenue sources through:

1. Non-FCT Advertising: This approach moves beyond conventional radio spots, potentially including sponsored content, branded programs, or other innovative advertising formats.

2. Brand Integration Opportunities: Music Broadcast is looking to create more seamless advertising experiences by integrating brands into its content, which could lead to more engaging and effective campaigns for advertisers.

Advertising Spending Normalization

Music Broadcast anticipates a recovery in advertising spending across various sectors. This expectation suggests that the company foresees an improvement in the overall economic climate, which typically correlates with increased advertising budgets.

Financial Performance

While the company is optimistic about its recovery, recent financial results indicate ongoing challenges:

The significant year-over-year decline in revenue and EBITDA underscores the importance of the company's recovery strategies.

Market Position

Despite the financial headwinds, Music Broadcast maintains a strong market presence:

• Market Share: 18% in Q2 FY26
• Client Base: 42% of total radio platform advertisers chose Radio City
• New Client Acquisition: 34% of new clients on the radio platform advertised with Radio City

These figures suggest that while the company faces revenue challenges, it continues to attract a significant portion of radio advertisers, which could be crucial for its anticipated recovery.

Music Broadcast's focus on digital audio growth, diversified advertising strategies, and its ability to maintain market share in challenging conditions may position the company to capitalize on the expected normalization of advertising spending. However, the success of these initiatives remains to be seen in the coming quarters as the company works towards financial recovery.