RADIOCITYNSEMusic Broadcast LimitedMediumNeutral
Announced Thu, 21 May · 18:26 IST

Completion of tenure of Mr. Anuj Puri as Non- Executive Independent Director of the company w.e.f. May 29, 2026.

Management Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
+0.7%1-day move
₹6.12
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AI summary

Mr. Anuj Puri's second term as Independent Non-Executive Director of Music Broadcast Limited concluded on May 29, 2026, completing his full tenure with the company. The Board recorded its appreciation for his valuable contributions during his service. As a consequence of his departure, he ceases to hold key committee positions including Chairperson of the Nomination and Remuneration Committee, and membership of the Audit Committee and Corporate Social Responsibility Committee. The company has disclosed this change in compliance with SEBI Listing Regulations, specifically Regulation 30. The exit is a standard tenure completion rather than a resignation, and no reason for concern is indicated.

Likely market impact

Shareholders should note that the departure of a long-serving independent director and NRC chairperson may trigger a need for board restructuring. The company will need to appoint a new NRC Chairperson and fill vacancy in the Audit Committee to maintain regulatory compliance.