Description
Trading suspension in Music Broadcast Limited's 0.1% Non-Convertible Redeemable Preference Shares effective January 9, 2026 due to redemption.
Summary
BSE has announced the suspension of trading in Music Broadcast Limited’s Non-Convertible Redeemable Preference Shares (ISIN: INE919I04010, Code: 717504) effective January 9, 2026. The suspension is due to the company’s scheduled redemption of these 0.1% preference shares with a record date of January 9, 2026.
Key Points
- Company: Music Broadcast Limited
- Security Type: 0.1% Non-Convertible Redeemable Preference Shares
- ISIN: INE919I04010
- BSE Code: 717504 (MBL-0.1%-19-1-26-NCRPS)
- Trading suspension effective from January 9, 2026
- Record date for redemption: January 9, 2026
- Reference: DR-795/2025-2026
- Trading members advised not to deal in these preference shares
Regulatory Changes
No regulatory changes. This is a standard corporate action notice.
Compliance Requirements
- Trading members must not execute any trades in the specified preference shares from January 9, 2026
- Trading members should update their systems to reflect the trading suspension
- Preference shareholders should note the record date for redemption eligibility
Important Dates
- Notice Date: January 6, 2026
- Record Date: January 9, 2026
- No Dealings From: January 9, 2026
Impact Assessment
Market Impact: Low - affects only holders of preference shares of a single company
Investor Impact: Medium for preference shareholders - those holding shares on the record date will be eligible for redemption; trading opportunity ceases from January 9, 2026
Operational Impact: Minimal - routine corporate action processing for trading members and clearing systems
Impact Justification
Routine corporate action affecting only preference shareholders of a single company with limited market-wide impact