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RADIOCITYNSEMusic Broadcast Limited· EntertainmentHighNegative
Announced Fri, 6 Jun, 2025 · 12:14 IST

Music Broadcast Limited has informed the Exchange regarding resignation of Ms. Rachna Kanwar as Chief Operating Officer- Digital Media of the company w.e.f. Jun 06, 2025.

Kmp ResignedManagement Changes 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
+0.0%Reaction day
₹9.30
prior close
₹9.26
announcement price
In-mkt
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Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+0.1% vs market
Media & Entertainment peers, median of 11sector+0.0%+0.0% vs sector

On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and in line with 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
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Reaction day
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Next day
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Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Ms. Rachna Kanwar has resigned as Chief Operating Officer – Digital Media of Music Broadcast Limited, effective from the close of business hours on June 6, 2025. She had submitted her resignation notice on April 7, 2025, citing a desire to pursue other opportunities, and served her 2-month notice period. The company confirmed there are no material reasons for her departure beyond what is stated. The disclosure was made under SEBI Listing Regulations, and the details have also been posted on the company's website.

Likely market impact

This is a routine senior management-level exit and is unlikely to materially impact stock price or operations in the short term. Investors may watch for the appointment of a replacement to lead the digital media vertical, which is a key growth segment for the radio broadcaster.