Integrated Governance

MUSIC BROADCAST LIMITED

General information about company

Scrip code	540366
NSE Symbol	RADIOCITY
MSEI Symbol	NOTLISTED
ISIN	INE919I01024
Date of start of financial year	01-04-2024
Date of end of financial year	31-03-2025
Reporting Quarter Type	Quarterly
Date of Quarter Ending	31-12-2024
Type of company	Equity
Whether Annexure I (Part A) of the SEBI Circular dated December 31, 2024 related to Compliance Report on Corporate Governance is applicable to the entity?	true
Whether Annexure I (Part B) of the SEBI Circular dated December 31, 2024 related to Investor Grievance Redressal Report is Applicable to the entity?	true
Whether Annexure I (Part C) of the SEBI Circular dated December 31, 2024 related to Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies is Applicable to the entity?	false	Not Applicable
Whether Annexure I (Part D) of the SEBI Circular dated December 31, 2024 related to Disclosure of Imposition of Fine or Penalty is Applicable to the entity?	false	Not Applicable during the quarter
Whether Annexure I (Part E) of the SEBI Circular dated December 31, 2024 related to Disclosure of Updates to Ongoing Tax Litigations or Disputes is Applicable to the entity?	true
Risk management committee	true
Market Capitalisation as per immediate previous Financial Year	Top 2000 listed entities
Is SCORE ID Available ?	true
SCORE Registration ID	m00927
Reason For No SCORE ID
Type of Submission	Original
Remarks (website dissemination)

Annexure I

Annexure I to be submitted by listed entity on quarterly basis

I. Composition of Board of Directors

Disclosure of notes on composition of board of directors explanatory

Whether the listed entity has a Regular Chairperson

true

Whether Chairperson is related to MD or CEO

false

Disqualification of Directors under section 164 of the Companies Act, 2013

Sr no.

Title(Mr/Ms)

Name of the Director

Category 1 of directors

Category 2 of directors

Category 3 of directors

Whether the director is disqualified?

Start Date of disqualification

End Date of disqualification

Details of disqualification

Current status

Whether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations]

Date of passing special resolution

Initial Date of appointment

Date of Re-appointment

Date of cessation

Tenure of director(in months)

No of Directorship in listed entities including this listed entity(Refer Regulation 17A of Listing Regulations)

No of Independent Directorship in listed entities including this listed entity(Refer Regulation 17A(1) of Listing Regulations

Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations)

No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations)

Reason for Cessation

Notes for not providing PAN

Notes for not providing DIN

VIJAY TANDON

Non-Executive - Independent Director

Chairperson

false

Active

Yes

14-09-2021

24-11-2016

24-11-2021

ANUJ PURI

Non-Executive - Independent Director

Not Applicable

false

Active

30-05-2016

30-05-2021

103

MADHUKAR KAMATH

Non-Executive - Independent Director

Not Applicable

false

Active

25-05-2017

25-05-2022

Mrs

ANITA NAYYAR

Non-Executive - Independent Director

Not Applicable

false

Active

27-01-2020

RAVI SARDANA

Non-Executive - Independent Director

Not Applicable

false

Active

24-05-2022

SHAILESH GUPTA

Non-Executive - Non Independent Director

Not Applicable

false

Active

28-01-2019

RAHUL GUPTA

Non-Executive - Non Independent Director

Not Applicable

false

Active

10-06-2015

Annexure I

II. Composition of Committees
Disclosure of notes on composition of committees explanatory

Audit Committee Details

Whether the Audit Committee has a Regular Chairperson						true
Sr	Name of Committee members	Category 1 of directors	Category 2 of directors	Date of Appointment	Date of Cessation	Remarks
1	VIJAY TANDON	Non-Executive - Independent Director	Chairperson	24-11-2016
2	ANUJ PURI	Non-Executive - Independent Director	Member	24-11-2016
3	MADHUKAR KAMATH	Non-Executive - Independent Director	Member	25-05-2017
4	SHAILESH GUPTA	Non-Executive - Non Independent Director	Member	02-07-2021

Nomination and remuneration committee

Whether the Nomination and remuneration committee has a Regular Chairperson						true
Sr	Name of Committee members	Category 1 of directors	Category 2 of directors	Date of Appointment	Date of Cessation	Remarks
1	ANUJ PURI	Non-Executive - Independent Director	Chairperson	24-11-2016
2	VIJAY TANDON	Non-Executive - Independent Director	Member	24-11-2016
3	ANITA NAYYAR	Non-Executive - Independent Director	Member	25-05-2020
4	SHAILESH GUPTA	Non-Executive - Non Independent Director	Member	28-01-2019

Stakeholders Relationship Committee

Whether the Stakeholders Relationship Committee has a Regular Chairperson						true
Sr	Name of Committee members	Category 1 of directors	Category 2 of directors	Date of Appointment	Date of Cessation	Remarks
1	MADHUKAR KAMATH	Non-Executive - Independent Director	Chairperson	28-01-2019
2	RAHUL GUPTA	Non-Executive - Non Independent Director	Member	24-11-2016
3	SHAILESH GUPTA	Non-Executive - Non Independent Director	Member	02-07-2021

Risk Management Committee

Whether the Risk Management Committee has a Regular Chairperson						true
Sr	Name of Committee members	Category 1 of directors	Category 2 of directors	Date of Appointment	Date of Cessation	Remarks
1	VIJAY TANDON	Non-Executive - Independent Director	Chairperson	20-05-2021
2	ANITA NAYYAR	Non-Executive - Independent Director	Member	20-05-2021
3	RAVI SARDANA	Non-Executive - Independent Director	Member	03-08-2022
4	ASHIT KUKIAN	Chief Executive Officer	Member	20-05-2021		Textual Information(1)

Text Block

Textual Information(1)

Mr. Ashit Kukian, a member of the Risk Management Committee is the CEO of the Company and not a Director, hence his DIN is not mentioned

Corporate Social Responsibility Committee

Whether the Corporate Social Responsibility Committee has a Regular Chairperson						true
Sr	Name of Committee members	Category 1 of directors	Category 2 of directors	Date of Appointment	Date of Cessation	Remarks
1	SHAILESH GUPTA	Non-Executive - Non Independent Director	Chairperson	02-07-2021
2	ANUJ PURI	Non-Executive - Independent Director	Member	24-11-2016
3	RAHUL GUPTA	Non-Executive - Non Independent Director	Member	24-11-2016

Annexure I

III. Meeting of Board of Directors
Disclosure of notes on meeting of board of directors explanatory
Sr	Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order)	Maximum gap between any two consecutive (in number of days)	Notes for not providing Date	Whether requirement of Quorum met (Yes/No)	Total Number of Directors as on date of the meeting	Number of Directors present*(All directors including Independent Director)	No. of Independent Directors attending the meeting*
1	01-08-2024			true	7	7	5
2	24-10-2024	83		true	7	7	5

Annexure I

IV. Meeting of Committees
Disclosure of notes on meeting of committees explanatory
Sr	Name of Committee	Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order)	Maximum gap between any two consecutive (in number of days)	Name of other committee	Reson for not providing date	Whether requirement of Quorum met (Yes/No)	Total Number of Directors in the Committee as on date of the meeting	Number of Directors Present (All Directors including Independent Director)	No. of Independent Directors attending the meeting*	No. of members attending the meeting (other than Board of Directors)
1	Audit Committee	01-08-2024				true	4	4	3	0
2	Audit Committee	24-10-2024	83			true	4	4	3	0
3	Nomination and remuneration committee	24-12-2024				true	4	4	3	0
4	Stakeholders Relationship Committee	01-08-2024				true	3	3	1	0
5	Stakeholders Relationship Committee	24-10-2024	83			true	3	3	1	0
6	Risk Management Committee	24-10-2024				true	3	3	3	1

Annexure I

V. Affirmations
Sr	Subject	Compliance status (Yes/No)
1	The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, 2015	true
2	The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015 a. Audit Committee	true
3	The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. b. Nomination & remuneration committee	true
4	The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. c.Stakeholders relationship committee	true
5	The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. d. Risk management committee (applicable the top 1000 listed entities)	Yes
6	The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015.	true
7	The meetings of the board of directors and the above committees have been conducted in the manner as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015.	true
8	This report and/or the report submitted in the previous quarter has been placed before Board of Directors.	true
9	Any comments/observations/advice of Board of Directors may be mentioned here:

Annexure I

Sr	Subject	Compliance status
1	Name of signatory	Arpita Kapoor
2	Designation	Company Secretary and Compliance Officer

Details of Cyber security incidence

Whether as per Regulation 27(2)(ba) of SEBI (LODR) Regulations, 2015 there has been cyber security incidents or breaches or loss of data or documents during the quarter		false
Other details of cyber security incidence or breaches or loss of data event
Number of cyber security incidence or breaches or loss of data event occurred during the quarter

Signatory Details

Name of signatory	Arpita Kapoor
Designation of person	Company Secretary and Compliance Officer
Place	Mumbai
Date	12-02-2025

Investor Grievance Details

No. of investor complaints pending at the beginning of Quarter		0
No. of investor complaints received during the Quarter		0
No. of investor complaints disposed off during the Quarter		0
No. of investor complaints those remaining unresolved at the end of the Quarter		0

Disclosure of Updates to Ongoing Tax Litigations or Disputes The updates on tax litigations or disputes in terms of sub-para 8 of para B of Part A of Schedule III read with corresponding provisions of Annexure 18 of the Master Circular are given below:

Any Other Information for Disclosure of Updates to Ongoing Tax Litigations or Disputes
Sr.No.	Name of the opposing party	Date of initiation of the litigation / dispute	Status of the litigation / dispute as per last disclosure	Current status of the litigation / dispute
1	Superintendent of Central Tax Range CED-2, Bengaluru East Commissionerate, CGST, Bengaluru	13-01-2025	The Company has received an order from the Superintendent of Central Tax Range CED-2, Bengaluru East Commissionerate, CGST, Bengaluru alleged demand of Rs. 1,10,180/- and penalty of Rs. 1,10,180/- under Section 74 of CGST/SGST Act, 2017, by disputing excess availed Input Tax Credit in contravention of Section 16(2) read with Section 41 of the CGST Act, 2017 read with KGST Act, 2017 and order for recovery of the same. Further, if the tax amount along with applicable interest is paid within 30 days of the issue of the order, the said penalty will be reduced to 50% of the tax amount under section 74 (11) of CGST/KGST Act, 2017.	The Company has paid the demand of Rs. 1,10,180/- and penalty of Rs. 55,090/- as per the order.