Music Broadcast Limited has informed the Exchange regarding Change in Director(s) of the company.
RADIOCITY · price
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Mr. Vijay Tandon (DIN: 00156305) has resigned from his position as Chairman and Non-Executive Independent Director of Music Broadcast Limited, effective close of business hours on May 19, 2025. The resignation is due to health reasons, as confirmed by Mr. Tandon in his resignation letter, where he also confirmed there are no other material reasons for stepping down. He will also cease to be the Chairperson of the Audit Committee and Risk Management Committee, and Member of the Nomination & Remuneration Committee. He does not hold directorships in any other listed entities.
The company loses its Chairman and a key independent director, which may lead to short-term governance uncertainty until a replacement is appointed. Shareholders should watch for updates on the appointment of a new Chairman and filling of the vacant independent director seat, as the composition of key board committees will need to be reconstituted.