RADIOCITYNSEMusic Broadcast Limited· EntertainmentHighNeutral
Announced Thu, 11 Dec, 2025 · 15:56 IST

Madras HC sets aside contempt orders against Music Broadcast in royalty case

Court Stay ObtainedRegulatory & Legal View source PDFExplain this filing

RADIOCITY · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close
-0.5%Reaction day
₹6.52
prior close
₹6.52
announcement price
After-mkt
timing
Nifty Microcap 250market · in no size index; the smallest one is used+0.3%-0.7% vs market
Media & Entertainment peers, median of 11sector+1.2%-1.7% vs sector

On the reaction day the stock moved 0.7 pts less than Nifty Microcap 250 and 1.7 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.

Minutes after the announcementfrom the announcement price · no benchmark
Stock
5m
+1.2
10m
+1.7
15m
+1.8
30m
+3.4
Sessions after the filingfrom the prior close
StockMarketvs marketSectorvs sector
Reaction day
-0.5+0.3-0.7+1.2-1.7
Next day
+1.2+0.8+0.5+0.8+0.5
2d
+3.2+0.1+3.1+0.6+2.6
3d
+0.2-0.8+0.9-1.9+2.0
4d
-1.1-1.1-0.0-2.2+1.1
5d
+0.3+0.2+0.1-1.5+1.8
1w
+2.1+1.6+0.5+0.0+2.1
15d
+7.1+2.5+4.6+0.3+6.7
1m
+2.3-2.7+5.0-3.2+5.5
2m
-4.6-0.3-4.3-3.4-1.2
3m
-11.2-8.9-2.3-7.6-3.6
UpDownMarket · Nifty Microcap 250Sector · Media & Entertainment peers, median of 11Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Madras High Court Division Bench on December 10, 2025 allowed Music Broadcast's appeals and set aside earlier contempt orders from July 2024 and August 2025. The court ruled that contempt jurisdiction was not maintainable since the underlying order is before the Supreme Court and royalty liability is unquantified. The directions requiring deposit of 50 percent of alleged royalty dues and furnishing of historical music play logs have been set aside. No financial impact on the company arises from the impugned orders.

Likely market impact

Positive for the company. No obligation to deposit 50 percent royalty dues or share music play logs. Removes financial and disclosure pressure.