Integrated Filing — IndAS



General information about company
Scrip Code 540366
NSE Symbol RADIOCITY
MSEI Symbol NOTLISTED
ISIN INE919I01024
Name of company MUSIC BROADCAST LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Date of board meeting when results were approved 24-Jul-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 14-Jul-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Single segment
Description of single segment Radio and Broadcasting
Start date and time of board meeting 24-Jul-2025   14:30:00
End date and time of board meeting 24-Jul-2025   16:30:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Whether the company has any related party?
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.
Whether the company is a high value debt listed entity according to regulation 15 (1A)?
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?
Latest Date on which RPT policy is updated
Indicate Company website link for updated RPT policy of the Company
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not applicable



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 493245000
Other income 70167000
Total income 563412000
2 Expenses
(a) Cost of materials consumed 0
(b) Purchases of stock-in-trade 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0
(d) Employee benefit expense 182499000
(e) Finance costs 30598000
(f) Depreciation, depletion and amortisation expense 70753000
(f) Other Expenses
1 License fees 49064000 49064000
2 Net impairment losses on financial assets 2498000 2498000
3 Other expenses 249798000 249798000
Total other expenses 301360000
Total expenses 585210000
3 Total profit before exceptional items and tax -21798000
4 Exceptional items 0
5 Total profit before tax -21798000
6 Tax expense
7 Current tax 0
8 Deferred tax -56000
9 Total tax expenses -56000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0
11 Net Profit Loss for the period from continuing operations -21742000
12 Profit (loss) from discontinued operations before tax 0
13 Tax expense of discontinued operations 0
14 Net profit (loss) from discontinued operation after tax 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0
16 Total profit (loss) for period -21742000
17 Other comprehensive income net of taxes 0
18 Total Comprehensive Income for the period -21742000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 691371000
Face value of equity share capital 2
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -0.06
Diluted earnings (loss) per share from continuing operations -0.06
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0
Diluted earnings (loss) per share from discontinued operations 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -0.06
Diluted earnings (loss) per share from continuing and discontinued operations -0.06
24 Debt equity ratio 0.0026
25 Debt service coverage ratio 0.0006
26 Interest service coverage ratio 0.1011
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) Financial results have been prepared as per Ind AS prescribed under sec 133 of the Cos Act with Rule 3 of the Companies IAS Rules and amendments thereafter Above financial results for the for quarter ended June 30 25 reviewed by AC and approved by BOD on 240725 subject to LR by statutory auditors Co engaged primarily in the business of operating private FM radio stations which constitutes single reportable segment Accordingly Co is single segment Co in accordance with IAS 108 Operating Segments Sec 115BAA of the IT Act 1961 provides an option to pay tax at 22 plus surcharge and cess subject to complying with certain conditions Based on the assessment of future taxable profits Co decided to continue with the existing rate until MAT credit balance is utilised and opt for the New Rate thereafter The management measures its deferred tax balance at the end of each reporting period accordingly Petition under sec 241 242 and 244 of the Cos Act has been filed with NCLT on July 10 23 by Mahendra Mohan Gupta Non Executive Chairman and Promoter of JPL the Holding Co and Shailesh Gupta WTD and member of the Promoter Group of Holding Co and NED in their individual capacities against the other Promoters and members of the Promoter Group of the Holding Co Litigation is currently pending at NCLT and several submissions have been made by all parties to the NCLT As of this date the Co does not expect any impact of this matter on its financial position as at June 30 25 and its future operations Information as required pursuant to Regulation 524 of SEBI LODR Regulations 2015 During the year ended Mar 31 24 in the matter of the Co vs PPL and other music providers the Honble High Court of Madras partly allowed the appeal of PPL and other appellants by providing a minimum floor rate of Rs 660 per needle hour payable to PPL and other appellants for the use of sound recordings by the Co over its radio stations in the past decade 2010 2020 The Co has filed a special leave petition before the Honble SC of India challenging the HC judgement Further PPL had filed a contempt petition against the Co and its directors and KMPs with the HC of Judicature at Madras alleging contempt of the order dated Apr 27 23 which was heard by the HC and an order dated July 31 24 was issued directing the Co to deposit 50 of the amount projected in their grounds of appeal in the SLP filed in the Honble SC of India ie Rs 1550 lakhs An appeal was filed by the Co before the Division Bench of HC on Aug 9 24 and the HC vide its interim order dated Sep 5 24 has granted a stay against the above mentioned demand order Based on the opinion of external legal counsel and its internal assessment the Co has a good case on merits and therefore the Co does not expect outflow of any economic resources in this matter The BOD had declared interim dividend for financial year ended Mar 31 25 of Rs 001 per NCRPS ie 01 of the face value of Rs 10 each of NCRPS which was paid before Feb 26 25 to all the NCRPS holders whose names appear in the Register of Members of NCRPS as on the record date ie Jul 7 25 During the quarter ended Mar 31 25 the Co computed the value in use of its net assets and the said value was lower than the carrying value of its net assets by Rs 349299 lakhs Accordingly the impairment loss of Rs 349299 lakhs was provided for during the quarter and year ended Mar 31 25 Based on management assessment no further impairment loss needs to be recognised in the financial results for the quarter ended June 30 25 The figures of the March quarter are the balancing figures between audited figures in respect of the full financial year up to Mar 31 25 and the unaudited published year to date figures up to Dec 31 24 being the date of the end of the third quarter of the financial year which were subject to limited review



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2025
Date of end of reporting period 30-Jun-2025
Whether accounts are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss 0
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0
5 Total Other comprehensive income 0