Appointment of Statutory Auditor from the conclusion of the ensuing Annual General Meeting of the Company
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Music Broadcast Limited (Radio City) is changing its statutory auditor after Price Waterhouse LLP completes its second term at the upcoming 26th Annual General Meeting. The Board has recommended appointing S. N. Dhawan & Co LLP, a New Delhi-based chartered accountancy firm established in 1944 with around 390+ professionals across 7 Indian offices. The new auditor will serve for five consecutive years, from the end of the 26th AGM to the conclusion of the 31st AGM. This is a routine auditor rotation as required under the Companies Act, 2013, and the appointment is subject to shareholder approval at the AGM.
This is a routine regulatory compliance event — a mandatory auditor rotation after the maximum permitted tenure. No governance concerns are indicated and no immediate impact on shareholders or stock price is expected.