Notice of 26th Annual General Meeting
RADIOCITY · price
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Music Broadcast Limited (Radio City) has issued the notice for its 26th Annual General Meeting to be held on Wednesday, September 17, 2025 at 1:00 PM IST through video conferencing. Ordinary business includes adopting the FY25 audited financial statements, confirming payment of an interim dividend of ₹0.10 per Non-Cumulative Redeemable Preference Share (NCRPS), and re-appointing Mr. Shailesh Gupta as a director (retiring by rotation). A key item is the appointment of M/s S.N. Dhawan & Co. LLP as the new statutory auditor for a 5-year term (till the 31st AGM), replacing Price Waterhouse whose second 5-year term is ending, at a proposed fee of ₹30 Lakhs excluding taxes. Special business includes ratifying the cost auditor's fee of ₹80,000 for FY26, appointing Mr. Deepak Rane as secretarial auditor for 5 years, and confirming Ms. Divya Rupchand Karani as a Non-Executive Independent Director for a 5-year term ending July 23, 2030.
Routine AGM notice with no major surprises for shareholders. The switch to a new (and reportedly lower-cost) statutory auditor reflects cost rationalisation, while the new independent director and board continuity suggest stable governance. Equity shareholders have no fresh dividend in this notice — the ₹0.10 per share dividend is only for NCRPS preference shareholders.