RADIOCITY2024-04-012024-06-30 RADIOCITY2024-04-012024-06-30in-bse-fin:OneOperatingExpenses01Member RADIOCITY2024-04-012024-06-30in-bse-fin:OneOperatingExpenses02Member RADIOCITY2024-04-012024-06-30in-bse-fin:OneOperatingExpenses03Member RADIOCITY2024-06-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 540366 RADIOCITY NOTLISTED Music Broadcast Limited Equity 2024-04-01 2025-03-31 2024-08-01 2024-07-22 INR Lakhs First quarter 15:00:00 17:30:00 2024-08-01 2024-08-01 Not applicable Single segment Radio and Broadcasting 2024-04-01 2024-06-30 Unaudited Standalone 596005000.00 66231000.00 662236000.00 0.00 0.00 0.00 193598000.00 28301000.00 85290000.00 310002000.00 617191000.00 45045000.00 0.00 45045000.00 7870000.00 11387000.00 19257000.00 0.00 25788000.00 0.00 0.00 0.00 0.00 25788000.00 0.00 25788000.00 0.00 0.00 691371000.00 2 0.07 0.07 0.00 0.00 0.07 0.07 0.00 0.00 0.00 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 & amendments thereafter. Above financial results for the quarter ended June 30, 2024 reviewed by AC & approved by BOD on 01.08.2024 subject to LR by statutory auditors. Company engaged primarily in the business of operating private FM radio stations, which constitutes single reportable segment. Accordingly, Company is single segment company 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, Company 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 Companies Act has been filed with NCLT on July 10, 2023, by Mahendra Mohan Gupta (Non-Executive Chairman & Promoter of JPL, the Holding Company) & Shailesh Gupta (WTD & member of the Promoter Group of Holding Company & NED in their individual capacities, against the other Promoters and members of the Promoter Group of the Holding Company. Litigation is currently pending at NCLT & several submissions have been made by all parties to the NCLT. As of this date, the Company does not expect any impact of this matter on its financial position as at June 30, 2024 and its future operations. Information as required pursuant to Reg 52(4) of Listing Reg. Refer note no.8 for the disclosure relating to track record of dividend payment on NCRPS.During the year ended March 31, 2024, in the matter of the Company vs PPL & other music providers, the High Court 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 Company over its radio stations in the past decade 2010-2020. Company has filed a special leave petition before the Hon’ble Supreme Court of India challenging the High Court judgement. Further, PPL had filed a contempt petition against the Company and its directors and KMPs with the High Court of Judicature at Madras, alleging contempt of the order dated April 27, 2023, which was heard by the High Court of Judicature at Madras and an order dated July 31, 2024 has been issued directing the Company to deposit 50% of the amount projected in their grounds of appeal in the Special Leave Petition filed in the Hon'ble Supreme Court of India, i.e., Rs. 1,550 lakhs, which the Company intends to contest by filing an appeal with the division bench of High Court of Judicature at Madras. Based on the opinion of external legal counsel and its internal assessment, the Company has a good case on merits and, therefore, the Company does not expect outflow of any economic resources in this matter. The BOD declared interim dividend for Financial Year 2023-24 of Rs. 0.01 per NCRPS ie. 0.1% of the face value of Rs. 10 each of NCRPS, which was paid before Feb 21, 2024 to all the NCRPS holders whose names appear in the Register of Members of NCRPS as on the record date i.e. Feb 2, 2024. Figures of the last quarter in each of the financial years are the balancing figures between audited figures in respect of the full financial year and the published year-to-date figures up to the end of the third quarter of the respective financial year. License Fees 50126000.00 Net impairment losses on financial assets 7984000.00 Other expenses 251892000.00 0.00 0.00