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Broadcast LimitedMain BoardEquity2025-04-012026-03-312026-05-212026-05-11INRLakhsQuarterlyFourth quarterSingle segmentRadio and Broadcasting2026-05-2114:30:002026-05-2116:30:00trueCash Flow IndirectDeclaration of unmodified opiniontruetrueNANAfalsetrue2026-02-02https://www.radiocity.in/investorsfalsetrue2026-01-012026-03-31AuditedStandalone407914000456000004535140000001247840001237500066358000758020000961537000-5080230000-5080230000-28464000-284640000-4795590000000-479559000-1367000-4809260006913710002-1.39-1.3900-1.39-1.390.00050.00370.0844These financial results have been prepared in accordance with Ind AS as prescribed under sec 133 of the Cos Act read with Rule 3 of the Companies (IAS) Rules, 2015 and relevant amendments thereafter. Above financial results for quarter and year ended March 31, 26 have been reviewed by AC and approved by BoD on 21.05.26. Company engaged primarily in the business of operating private FM radio stations, which constitutes single reportable segment. Accordingly Co. is single segment company as per IAS 108 'Operating Segments. Pursuant to the enactment of the Finance Act, 2026 (amending the Income-tax Act, 2025), the Co. reassessed the recoverability of deferred tax assets including MAT credit entitlement considering revised MAT utilisation restrictions projected taxable profits expected utilisation period and anticipated transition to the concessional tax regime. Based on this reassessment, the Co. derecognised MAT credit entitlement of Rs.1,032 lakhs during the year to the extent considered no longer recoverable. A petition under sec 241, 242 and 244 of the Cos Act, 2013 has been filed with the NCLT on 10.07.2023, by Mahendra Mohan Gupta Non-Executive Chairman & Promoter of JPL, the Holding Co. & Shailesh Gupta WTD & member of the Promoter Group of the Holding Co. & NED of the Co. in their individual capacities, against the other Promoters and members of the Promoter Group of the Holding Co. Litigation is currently pending at NCLT & several submissions have been made by all parties to the NCLT. Further, the Holding Co. has received special notices and requisitions from Jagran Media Network Investment Private Limited, a shareholder of Holding Co. seeking convening of an EGM under the provisions of the Cos Act, 2013 for consideration of resolutions relating to removal of certain directors of the Holding Company. Accordingly, the Holding Co. has scheduled an EGM on 29.05.2026. Based on the current status of proceedings & assessment by management the Co. does not anticipate any material adverse impact of these matters on its financial position as at 31.03.26 and its future operations. During the year ended 31.03.2024, in the matter of the Co. vs PPL and other music providers, the Hon’ble 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 their sound recordings by the Co. over its radio stations in the past decade 2010-20. The Co. has filed a Special Leave Petition before the Hon’ble Supreme Court 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 Madras alleging contempt of the order dated 27.04.23 which was heard by the HC and an order dated 31.07.24 was issued directing the Co. to deposit 50% of the amount projected in their grounds of appeal in the SLP filed in the Hon'ble SC of India, i.e Rs. 1550 lakhs. The Letter Patent Appeal was filed by the Co. before Division Bench of Madras HC against the Order dated 31.07.24 and the Division Bench vide Common Judgement dated 10.12.25 allowed the LPA filed by the Company and set aside the Order dated 31.07.24. Accordingly the present contempt petition was disposed off vide order dated 12.12.25. The hearing of SLP before the Hon’ble SC of India is still pending. Based on the opinion of external legal counsel and 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 declared an interim dividend for the FY ending 31.03.2026 of Rs. 0.01 per NCRPS i.e. 0.1% of the face value of Rs.10 per NCRPS. The dividend along with full value of outstanding NCRPS was paid on January 19, 2026, to all NCRPS holders whose names appeared in the Register of Members as of the record date. During the year ended March 31, 26, 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.4900 lakhs (Previous year 3,492.99 lakhs). Accordingly the impairment loss of Rs.4900 lakhs (Previous year Rs.3,492.99 lakhs) has been provided for in financial results during the quarter ended March 31, 26. On 21.11.25, the Govt notified Labour Codes consolidating 29 existing labour laws. The Company assessed incremental impact on employee benefit obligations based on the information currently available and in accordance with the guidance and FAQs issued by the Ministry of Labour & Employment and ICAI. The resulting increase in employee benefits expense amounting to Rs. 43.48 lakhs, has been recognised in P&L in accordance with Ind AS 19- Employee Benefits. Co. continues to monitor the finalisation of the Central and State rules and clarifications issued by the Govt under new labour codes and will recognise the impact of any changes in estimates in the relevant period as required. The 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.2025-04-012026-03-31AuditedStandalone1744325000267544000201186900000060364600010409000027565300015849870002568376000-5565070000-5565070000-23266000-232660000-5332410000000-5332410009305000-52393600069137100023762060000-1.54-1.5400-1.54-1.540.00050.01440.1075License fees47951000Impairment losses on non financial assets490000000Impairment losses on financial assets423000Other expenses219646000License fees193379000Impairment losses on non financial assets490000000Impairment losses on financial assets9007000Other expenses892601000492359000056365900015250600000205197000173025700024133300014247400031700820000979746000535956000413520002794000080000000163984800014926500017891130004959195000691371000376206000044534310004453431000021200700021200700039476000251483000050470001654800001705270003488500020541200038290000105790002542810005057640004959195000Other financial assets205197000Other non-current assets12261000Non current tax assets (net)130213000Other financial assets80000000Other current assets149265000Lease liabilities212007000Lease liabilities24377000Other financial liabilities10508000Other current liabilities382900001040900000213312000050528000124480000101300000-428070000-3581300007656530000-80590000-146870000002095490000176030000-41673000-151100032180000822883000266376000000493360000217040000002521923000190428400000001243900049848000000484100000000000000000228508000072314000876211000000000000107635200036895000900002954500000-1142882000-496310000-496310009098300041352000Remeasurements of post-employement benefit obligations-1929000-1929000Remeasurements of post-employement benefit obligations1312800013128000-562000382300000-13670009305000Music Broadcast Limited******Jagran Prakashan Limited******Immediate Parent CompanyPurchase of goods or services100000000Yes653100001027000Music Broadcast Limited******Jagran Prakashan Limited******Immediate Parent CompanySale of goods or services50000000Yes344600030650002235000Music Broadcast Limited******Jagran Prakashan Limited******Immediate Parent CompanyAny other transactionRent Paid9000000Yes298700000Music Broadcast Limited******Jagran Prakashan Limited******Immediate Parent CompanyAny other transactionRent Income1000000Yes29400000Music Broadcast Limited******Jagran Prakashan Limited******Immediate Parent CompanyAny other transactionExpenses reimbursement paid / received10000000Yes170200000Music Broadcast Limited******Jagran Prakashan Limited******Immediate Parent CompanyAny other transactionSecurity Deposit5000000Yes050000000Music Broadcast Limited******Jagran Prakashan Limited******Immediate Parent CompanyAdvance0Yes010130000Music Broadcast Limited******Mid-Day Infomedia Limited******Fellow SubsidiaryPurchase of goods or services3000000Yes208000395000451000Music Broadcast Limited******Mid-Day Infomedia Limited******Fellow SubsidiarySale of goods or services3000000Yes9000433000737000Music Broadcast Limited******Mid-Day Infomedia Limited******Fellow SubsidiaryAny other transactionExpenses reimbursement paid / received10000000Yes112300000Music Broadcast Limited******VRSM Enterprises LLP******Entities over which KMP/relatives of KMP can exercise significant influenceAny other transactionRent Paid6000000Yes214700000Music Broadcast Limited******VRSM Enterprises LLP******Entities over which KMP/relatives of KMP can exercise significant influenceAny other transactionSecurity Deposit3500000Yes035000003500000Music Broadcast Limited******Ashit Kukian******Key Managerial PersonnelRemunerationYes000Music Broadcast Limited******Prashant Domadia******Key Managerial PersonnelRemunerationYes000Music Broadcast Limited******Arpita Kapoor******Key Managerial PersonnelRemunerationYes127800000Music Broadcast Limited******Rajiv Pravin Shah******Key Managerial PersonnelRemunerationYes165000000Music Broadcast Limited******Koppara Abraham Thomas******Key Managerial PersonnelRemunerationYes885800000Music Broadcast Limited******VIJAY TANDON******Key Managerial PersonnelAny other transactionDirector Sitting FeesYes000Music Broadcast Limited******ANUJ PURI******Key Managerial PersonnelAny other transactionDirector Sitting FeesYes34000000Music Broadcast Limited******MADHUKAR PRABHAKAR KAMATH******Key Managerial PersonnelAny other transactionDirector Sitting FeesYes34000000Music Broadcast Limited******ANITA NAYYAR******Key Managerial PersonnelAny other transactionDirector Sitting FeesYes30000000Music Broadcast Limited******RAVI SARDANA******Key Managerial PersonnelAny other transactionDirector Sitting FeesYes34000000Music Broadcast Limited******DIVYA RUPCHAND KARANI******Key Managerial PersonnelAny other transactionDirector Sitting FeesYes2600000031813000AuditedtrueS N Dhawan & Co. 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