MUSIC BROADCAST LIMITED has informed the Exchange about Resignation of Independent director.
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Mr. Vijay Tandon has resigned from the Board of Music Broadcast Limited with immediate effect from May 19, 2025. He was serving as an Independent Director and Chairman of the Board, as well as a member/chair of various board committees. His resignation is due to health reasons, and he has confirmed there are no other material reasons behind his departure. The company will need to make new appointments to fill the vacant Chairman and Independent Director roles on the board.
Shareholders should expect the company to announce a replacement for the Chairman and Independent Director position in due course. A single independent director resignation due to health reasons is generally a routine event and unlikely to materially impact the stock price, though it does leave a key governance position vacant.