Resignation of Chief Financial Officer of the Company

Cfo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

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₹8.95

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-1.2%+0.1% vs market

Media & Entertainment peers, median of 11sector-2.1%+1.0% vs sector

On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and 1.0 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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AI summary

Music Broadcast Limited (Radio City) has informed the stock exchanges that its Chief Financial Officer, Mr. Prashant Domadia, has resigned from the position effective from the close of business hours on August 15, 2025. The resignation was tendered via letter dated July 25, 2025, and the reason cited is to pursue other professional opportunities. Mr. Domadia has confirmed there are no other material reasons for his departure beyond what has been stated. The announcement has been made under SEBI Listing Regulations, and the company has filed the required disclosures along with a copy of the resignation letter.

Likely market impact

This is a key managerial personnel change at a time when the company is between leadership transitions. Shareholders should watch for the appointment of a new CFO, as prolonged vacancies in finance leadership can affect financial reporting timelines and investor confidence.