5403662025-04-012025-06-305403662025-04-012025-06-30in-capmkt:OtherExpenses1Member5403662025-04-012025-06-30in-capmkt:OtherExpenses2Member5403662025-04-012025-06-30in-capmkt:OtherExpenses3Memberiso4217:INRxbrli:pureiso4217:INRxbrli:shares540366RADIOCITYNOTLISTEDINE919I01024MUSIC BROADCAST LIMITEDMain BoardEquity2025-04-012026-03-312025-07-242025-07-14INRLakhsQuarterlyFirst quarterSingle segmentRadio and Broadcasting2025-07-2414:30:002025-07-2416:30:00Not applicablefalsefalseNot applicable2025-04-012025-06-30UnauditedStandalone493245000701670005634120000001824990003059800070753000301360000585210000-217980000-217980000-56000-560000-217420000000-217420000-217420006913710002-0.06-0.0600-0.06-0.060.00260.00060.1011Financial 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 reviewLicense fees49064000Net impairment losses on financial assets2498000Other expenses249798000000