Description
Trading suspended in Music Broadcast Limited's 0.1% Non-Convertible Redeemable Preference Shares from January 9, 2026 due to redemption record date.
Summary
BSE has announced the suspension of trading in Music Broadcast Limited’s 0.1% Non-Convertible Redeemable Preference Shares (ISIN: INE919I04010, Code: 717504) effective January 9, 2026. The suspension is due to the company fixing a record date for redemption purposes.
Key Points
- Trading Members are advised not to deal in the specified preference shares
- The suspension applies to MBL-0.1%-19-1-26-NCRPS series
- Notice reference: DR-795/2025-2026
- Circular issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations
Regulatory Changes
No regulatory framework changes. This is a standard corporate action procedure.
Compliance Requirements
- Trading Members must cease all dealings in the specified preference shares from January 9, 2026
- No trading activity permitted in ISIN INE919I04010 (Code: 717504) from the suspension date
Important Dates
- Circular Date: January 6, 2026
- Record Date: January 9, 2026
- No Dealings From: January 9, 2026
Impact Assessment
This suspension affects only holders of Music Broadcast Limited’s specific series of preference shares and has minimal market-wide impact. The suspension is a routine corporate action to facilitate redemption. Equity shareholders and other securities of Music Broadcast Limited are not affected. Trading Members dealing in debt/preference share segments should update their systems accordingly.
Impact Justification
Routine redemption of preference shares affecting only specific NCRPS holders, not equity investors. Limited market-wide impact as this is a scheduled corporate action.