Change in Management
RADIOCITY · price
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On the reaction day the stock moved 1.1 pts less than Nifty Microcap 250 and 0.1 pts less than its Media & Entertainment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Music Broadcast Limited, which runs Radio City, has announced key management changes effective August 20, 2025. Mr. Ashit Kukian has resigned as Chief Executive Officer to pursue opportunities outside the company. Mr. Rajiv Shah, a Chartered Accountant with 25 years of finance experience who has been overseeing Investor Relations and Corporate Strategy at Radio City since 2022, has been appointed as the new Chief Financial Officer. Mr. Abraham Thomas, a media industry veteran with over three decades of experience including a previous stint as CEO of Music Broadcast Limited and Reliance Broadcast Network (BIG FM), has been appointed as the new CEO effective September 1, 2025. The Risk Management Committee has also been reconstituted.
Shareholders should note a complete transition at the top: a new CFO and CEO are being put in place simultaneously. While the CEO exit appears amicable (no material reasons cited), the new CEO Abraham Thomas is a familiar face having previously led Radio City, which may provide continuity. Short-term stock impact is likely to be muted given the orderly succession.