Music Broadcast Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/01/2026 ,inter alia, to consider and approve the declaration of Interim ....
RADIOCITY · price
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On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 0.7 pts more than its Media & Entertainment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Music Broadcast Limited has informed the exchanges that its Board of Directors will meet on Monday, January 5, 2026, to consider two items. First, declaration of an interim dividend of 0.1% on the face value of Rs. 10 per Non-Cumulative Non-Convertible Redeemable Preference Share (NCRPS), which works out to Rs. 0.01 per NCRPS for FY 2025-26. Second, the redemption of the 0.1% NCRPS. The record date for determining entitlement of NCRPS holders for the dividend and redemption, if approved, has been fixed as Friday, January 9, 2026. The trading window for dealing in the company's securities is already closed for designated persons and their immediate relatives.
This announcement pertains exclusively to NCRPS holders, not to equity shareholders of Music Broadcast. The interim dividend is symbolic at Rs. 0.01 per NCRPS, so there is no meaningful cash inflow. The bigger event to watch is the proposed redemption of the NCRPS, which would return the principal to preference shareholders and simplify the company's capital structure. For ordinary equity investors, this filing is largely neutral and unlikely to move the RADIOCITY share price.