Music Broadcast logo

Music Broadcast MD, chairman, board of directors and AGM

NSE: RADIOCITYBSE: 540366EntertainmentSmall Cap

Last close ₹5.35down ₹0.08 (1.47%)BSE ₹5.26

Share price at the NSE close on 23 Oct 2026. Previous close ₹5.43.

52-week range of traded prices to 23 Oct 2026
₹4.50Low, 30 Mar 2026₹8.46High, 29 Oct 2025
Market cap
₹185 Cr2,372nd largest listed
P/E
Lossover the last 12 months
P/B
0.4
Dividend yield
Nonein the last 12 months
ROE
−8.9%
ROCE
−13.7%
Debt to equity
0.00
Volume, NSE
34,22485.7% delivered

Music Broadcast board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonMadhukar Kamath
  • Company Secretary and Compliance OfficerArpita Kapoor

6 directors4 independent2 non-executive

  • Madhukar Kamath · ChairpersonIndependent · joined Jul 2017 · reappointed May 2022 · 112 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Anita NayyarIndependent · joined Jan 2020 · reappointed Jan 2025 · 80 months as independent · 2 listed boards · 2 as independent · 2 committee seats
  • Ravi SardanaIndependent · joined May 2022 · 52 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • Divya KaraniIndependent · joined Jul 2025 · 14 months as independent · 3 listed boards · 3 as independent · 1 committee seat, 1 as chair
  • Shailesh GuptaNon-executive · joined Jan 2019 · 2 listed boards · 2 committee seats
  • Rahul GuptaNon-executive · joined Jun 2015 · 1 listed board · 1 committee seat

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • Anuj Puri, left 29 May 2026: Tenure Completion

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 22 Jul 20266 of 6 present4 independent · 61 days in between
    • 21 May 20267 of 7 present5 independent · 23 days in between
    • 27 Apr 20267 of 7 present5 independent

  • Audit Committee

    Chair Ravi Sardana

    Madhukar Kamath, Shailesh Gupta, Anita Nayyar

    • 22 Jul 20264 of 4 present3 independent · 61 days in between
    • 21 May 20264 of 5 present3 independent · 9 days in between
    • 11 May 20265 of 5 present4 independent

  • Nomination and remuneration committee

    Chair Divya Karani

    Ravi Sardana, Anita Nayyar, Shailesh Gupta

    • 22 Jul 20264 of 4 present3 independent

  • Stakeholders Relationship Committee

    Chair Madhukar Kamath

    Rahul Gupta, Shailesh Gupta

    • 22 Jul 20263 of 3 present1 independent · 85 days in between
    • 27 Apr 20263 of 3 present1 independent

  • Risk Management Committee

    Chair Shailesh Gupta

    Anita Nayyar, Divya Karani, Abraham Thomas

    • 2 Jul 20264 of 4 present2 independent

  • Corporate Social Responsibility Committee

    Chair Shailesh Gupta

    Rahul Gupta, Madhukar Kamath

    • 21 May 20263 of 4 present1 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • S N Dhawan & Co. LLPPeer-review certificate valid to Feb 2028
1 earlier auditor
  • PRICE WATERHOUSE CHATERED ACCOUNTANTS LLPNamed in the filing for the quarter to Mar 2025

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Music Broadcast AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Music Broadcast share news and announcements

Annual general meeting, 2 Sep 2026

48,307 shareholders on the register on 27 Aug 2026; present: 1 promoter and 43 others; votes counted by Deepak Rane / DEEPAK RANE, PRACTICING COMPANY SECRETARY.The company's voting result (opens in a new tab)

  1. Adoption of Financial Statements, Director's Report and Statutory Auditor's Report for the financial year ended March 31, 2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.54%

    Turnout: all 74.12% · promoters 100.00% · institutions 0.00% · other public 0.30%

  2. Confirm the payment of Interim Dividend to Non-Cumulative Preference Shares ("NCRPS") Holders.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.54%

    Turnout: all 74.12% · promoters 100.00% · institutions 0.00% · other public 0.30%

  3. Appoint a Director in place of Mr. Rahul Gupta (DIN: 00359182) who retires from office by rotation, and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.55%

    Turnout: all 74.12% · promoters 100.00% · institutions 0.00% · other public 0.30%

  4. Ratification of Cost Auditor’s remuneration for the financial year ended March 31, 2027.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.55%

    Turnout: all 74.12% · promoters 100.00% · institutions 0.00% · other public 0.30%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 17 Sep 2025, 7 resolutions

51,327 shareholders on the register on 11 Sep 2025; present: 1 promoter and 61 others; votes counted by DEEPAK RANE / DEEPAK RANE, PRACTICING COMPANY SECRETARY.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statement, Directors Report and the Statutory Auditors Report for the financial year ended March 31, 2025
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 10.03%

    Turnout: all 74.09% · promoters 100.00% · institutions 0.00% · other public 0.18%

  2. Confirm the payment of Interim Dividend to the Non-Cumulative Redeemable Preference Shares (“NCRPS”)
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 10.03%

    Turnout: all 74.09% · promoters 100.00% · institutions 0.00% · other public 0.18%

  3. Appoint a Director in place of Mr. Shailesh Gupta (DIN 00192466) who retires from office by rotation and being eligible, offers himself for re-appointment
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 10.04%

    Turnout: all 74.09% · promoters 100.00% · institutions 0.00% · other public 0.18%

  4. Appointment of the Statutory Auditors of the Company
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 10.03%

    Turnout: all 74.09% · promoters 100.00% · institutions 0.00% · other public 0.18%

  5. Ratification of Cost Auditor’s remuneration for the financial year 2025-26
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 10.03%

    Turnout: all 74.09% · promoters 100.00% · institutions 0.00% · other public 0.18%

  6. Appointment of Secretarial Auditor of the Company
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 10.03%

    Turnout: all 74.09% · promoters 100.00% · institutions 0.00% · other public 0.18%

  7. Appointment of Ms. Divya Rupchand Karani (DIN:01829747) as Non-Executive Independent Director of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 10.03%

    Turnout: all 74.09% · promoters 100.00% · institutions 0.00% · other public 0.18%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 21 Aug 2024, 5 resolutions

Present: 1 promoter and 57 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2024, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 7.95%

    Turnout: all 74.08% · promoters 100.00% · institutions 0.00% · other public 0.12%

  2. To confirm the payment of Interim Dividend to the Non-Cumulative Redeemable Preference Shares holders of ¿0.01/- per NCRPS of ¿10 each for the Financial Year ended March 31, 2024 declared by the Board of Directors of the Company.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 8.09%

    Turnout: all 74.08% · promoters 100.00% · institutions 0.00% · other public 0.12%

  3. To appoint a Director in place of Mr. Rahul Gupta (DIN: 00359182), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 41.56%

    Turnout: all 74.08% · promoters 100.00% · institutions 0.00% · other public 0.12%

  4. To ratify the remuneration payable to M/s Kishore Bhatia and Associates, Cost Accountants (Firm Registration No. 00294) for their services as Cost Auditors of the Company for the financial year 2024-25.MoreLess
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 41.05%

    Turnout: all 74.08% · promoters 100.00% · institutions 0.00% · other public 0.12%

  5. To re-appoint Ms. Anita Nayyar (DIN: 03317861) as an Independent Non-Executive Director of the Company.
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 42.48%

    Turnout: all 74.08% · promoters 100.00% · institutions 0.00% · other public 0.12%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 22 Aug 2023, 3 resolutions

Present: 1 promoter and 43 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt Audited Balance Sheet as at March 31, 2023, and the Statement of Profit and Loss for the year ended on that date together with the Report of Board of Directors and the Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.55%

    Turnout: all 77.41% · promoters 100.00% · institutions 99.50% · other public 0.42%

  2. To appoint a Director in place of Mr. Shailesh Guptan(DIN 00192466), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.21%

    Turnout: all 77.41% · promoters 100.00% · institutions 99.50% · other public 0.42%

  3. To consider and if thought fit, ratify the remuneration payable to M/s Kishore Bhatia and Associates, Cost Accountants (Firm Registration No. 00294) Cost Auditors of the Company for the financial year 2023-24MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.61%

    Turnout: all 77.41% · promoters 100.00% · institutions 99.50% · other public 0.42%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 23 Aug 2022, 4 resolutions

Present: 1 promoter and 42 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt Audited Balance Sheet as at March 31, 2022, and the Statement of Profit and Loss for the year ended on that date together with the Reports of Board of Directors and the Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 79.83% · promoters 100.00% · institutions 97.64% · other public 1.49%

  2. To appoint a Director in place of Mr. Rahul Gupta (DIN- 00359182), who retires by rotation and being eligible,offers himself for re-appointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 79.83% · promoters 100.00% · institutions 97.64% · other public 1.49%

  3. To ratify the remuneration payable to M/s Kishore Bhatia and Associates, Cost Accountants (Firm Registration No. 00294) Cost Auditors of the Company for the financial year ending March 31, 2023
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 79.83% · promoters 100.00% · institutions 97.64% · other public 1.49%

  4. To appoint Mr. Ravi Sardana (DIN- 06938773) as Independent Non-Executive Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 79.83% · promoters 100.00% · institutions 97.64% · other public 1.49%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Meeting called by the tribunal, 23 Jun 2022, 1 resolution

Present: 2 promoters and 41 others.The company's voting result (opens in a new tab)

  1. Approval of Scheme of Arrangement between Music Broadcast Limited and its Shareholders under Sections 230 and other applicable provisions of the Companies Act, 2013 for issuance of Non-Convertible Non-Cumulative Redeemable Preference Shares by way of Bonus to the non-promoter Shareholders of the CompanyMoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 84.14% · promoters 100.00% · institutions 97.39% · other public 22.68%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 14 Sep 2021, 6 resolutions

Present: 2 promoters and 37 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt Audited Balance Sheet as at March 31, 2021, and the Statement of Profit and Loss for the year ended on that date together with the Report of Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.36%

    Turnout: all 79.66% · promoters 100.00% · institutions 97.54% · other public 0.66%

  2. Appointment of Director in place of Mr. Shailesh Gupta (DIN No. 00192466), who retires by rotation and being eligible, offers himself for re appointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.79%

    Turnout: all 79.66% · promoters 100.00% · institutions 97.54% · other public 0.66%

  3. To ratify the remuneration payable to cost auditor for the financial year ending March 31, 2022
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.85%

    Turnout: all 79.66% · promoters 100.00% · institutions 97.54% · other public 0.66%

  4. Re-appointment of Mr. Madhukar Kamathn(DIN- 00230316) as Non-Executive Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.43%

    Turnout: all 79.66% · promoters 100.00% · institutions 97.54% · other public 0.66%

  5. Re-appointment of Mr. Vijay Tandonn(DIN: 00156305) as Chairman and Non-ExecutivenIndependent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.43%

    Turnout: all 79.66% · promoters 100.00% · institutions 97.54% · other public 0.66%

  6. Approval of scheme of loan for the eligiblenemployees of the Company.
    Special
    93.13% for6.87% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.50%

    Turnout: all 79.66% · promoters 100.00% · institutions 97.54% · other public 0.66%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 15 Sep 2020, 6 resolutions

Present: 1 promoter and 44 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt Audited Balance Sheet as at March 31, 2020, and the Statement of Profit and Loss for the year ended on that date together with the Report of Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 82.17% · promoters 100.00% · institutions 91.07% · other public 1.50%

  2. To appoint a Director in place of Ms. Apurva Purohit DIN- 00190097, who retires by rotation and being eligible, offers herself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 82.17% · promoters 100.00% · institutions 91.07% · other public 1.50%

  3. To re-appoint Statutory Auditor of the Company for the period of five years to hold office from the conclusion of ensuing Annual General Meeting till the conclusion of the 26th Annual General Meeting and to fix their remuneration.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 82.17% · promoters 100.00% · institutions 91.07% · other public 1.50%

  4. To ratify the remuneration payable to cost auditor for the financial year ending March 31, 2021.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 82.17% · promoters 100.00% · institutions 91.07% · other public 1.50%

  5. Appointment of Ms. Anita Nayyar DIN 03317861 as an Independent Director of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 82.17% · promoters 100.00% · institutions 91.07% · other public 1.50%

  6. Re-appointment of Mr. Anuj Puri DIN 00048386 as an Independent Director of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 82.17% · promoters 100.00% · institutions 91.07% · other public 1.50%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 22 Aug 2023, 1 fund house

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To appoint a Director in place of Mr. Shailesh Guptan(DIN 00192466), who retires by rotation and being eligible, offers himself for re-appointment
    1 for0 against
  • To consider and if thought fit, ratify the remuneration payable to M/s Kishore Bhatia and Associates, Cost Accountants (Firm Registration No. 00294) Cost Auditors of the Company for the financial year 2023-24MoreLess
    1 for0 against
1 proposal not matched to one resolution
  • Accept Financial Statements and Statutory Reports
    1 for0 against

Mutual fund votes, meeting of 23 Aug 2022, 1 fund house

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To appoint a Director in place of Mr. Rahul Gupta (DIN- 00359182), who retires by rotation and being eligible,offers himself for re-appointment
    1 for0 against
  • To ratify the remuneration payable to M/s Kishore Bhatia and Associates, Cost Accountants (Firm Registration No. 00294) Cost Auditors of the Company for the financial year ending March 31, 2023
    1 for0 against
  • To appoint Mr. Ravi Sardana (DIN- 06938773) as Independent Non-Executive Director of the Company
    1 for0 against
1 proposal not matched to one resolution
  • Accept Financial Statements and Statutory Reports
    1 for0 against
3 earlier meetings

Mutual fund votes, meeting of 23 Jun 2022, 1 fund house

  • Approval of Scheme of Arrangement between Music Broadcast Limited and its Shareholders under Sections 230 and other applicable provisions of the Companies Act, 2013 for issuance of Non-Convertible Non-Cumulative Redeemable Preference Shares by way of Bonus to the non-promoter Shareholders of the CompanyMoreLess
    1 for0 against

Mutual fund votes, meeting of 14 Sep 2021, 1 fund house

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Appointment of Director in place of Mr. Shailesh Gupta (DIN No. 00192466), who retires by rotation and being eligible, offers himself for re appointment
    1 for0 against
  • To ratify the remuneration payable to cost auditor for the financial year ending March 31, 2022
    1 for0 against
  • Re-appointment of Mr. Madhukar Kamathn(DIN- 00230316) as Non-Executive Independent Director of the Company
    1 for0 against
  • Re-appointment of Mr. Vijay Tandonn(DIN: 00156305) as Chairman and Non-ExecutivenIndependent Director of the Company
    1 for0 against
  • Approval of scheme of loan for the eligiblenemployees of the Company.
    Against Franklin Templeton Mutual Fund
    • Franklin Templeton Mutual FundA vote AGAINST this resolution is warranted due to lack of information.
    0 for1 against
1 proposal not matched to one resolution
  • Accept Financial Statements and Statutory Reports
    1 for0 against

Mutual fund votes, meeting of 15 Sep 2020, 1 fund house

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To appoint a Director in place of Ms. Apurva Purohit DIN- 00190097, who retires by rotation and being eligible, offers herself for re-appointment.
    1 for0 against
  • To ratify the remuneration payable to cost auditor for the financial year ending March 31, 2021.
    1 for0 against
  • Appointment of Ms. Anita Nayyar DIN 03317861 as an Independent Director of the Company.
    1 for0 against
  • Re-appointment of Mr. Anuj Puri DIN 00048386 as an Independent Director of the Company.
    1 for0 against
2 proposals not matched to one resolution
  • Accept Financial Statements and Statutory Reports
    1 for0 against
  • Approve Price Waterhouse Chartered Accountants LLP as Auditors and Authorize Board to Fix Their Remuneration
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 2 complaints open, quarter to Mar 2026.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.