RADIOCITY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Music Broadcast Limited has received a demand order of Rs. 24,46,476 from the Income Tax department under Section 156 of the Income-Tax Act, 1961, for assessment year 2010-11. The order was issued by the Office of Assistant Commissioner of Income Tax, Circle 14(1)(1), Mumbai on March 27, 2026, and received by the company on March 30, 2026. The company has stated that it will file an appeal against this order and believes it has reasonable grounds to succeed. The company has confirmed there is no material impact on its financials, operations, or other activities from this order.
The demand amount is small (around Rs. 24.5 lakhs) and the company does not expect any material adverse financial impact. Shareholders are unlikely to see any meaningful effect on the stock price as the company plans to appeal and views the matter as non-material.