Description

Trading suspended in preference shares of Music Broadcast Limited from January 9, 2026 due to redemption with record date set for the same day.

Summary

BSE has announced the suspension of trading in Non-Convertible Redeemable Preference Shares (NCRPS) of Music Broadcast Limited effective January 9, 2026. The suspension is in connection with the redemption of preference shares, with the record date set for January 9, 2026. Trading members are advised not to deal in the affected preference shares.

Key Points

  • Company: Music Broadcast Limited
  • Security: MBL-0.1%-19-1-26-NCRPS (ISIN: INE919I04010, Code: 717504)
  • Record Date: January 9, 2026
  • No Dealings From: January 9, 2026
  • Purpose: Redemption of Preference Shares
  • Notice Number: DR-795/2025-2026

Regulatory Changes

No regulatory changes. This is a standard corporate action notice for preference share redemption.

Compliance Requirements

  • Trading members must not execute any deals in the specified preference shares of Music Broadcast Limited from January 9, 2026
  • Members must take note of the suspension and communicate to clients holding these securities
  • No trading activity permitted in ISIN INE919I04010 (Code: 717504) from the specified date

Important Dates

  • Notice Date: January 6, 2026
  • Record Date: January 9, 2026
  • Trading Suspension Date: January 9, 2026

Impact Assessment

Market Impact: Limited to holders of specific preference shares of Music Broadcast Limited in the debt segment. The suspension affects liquidity for this particular instrument but does not impact the company’s equity shares.

Investor Impact: Investors holding these preference shares (ISIN: INE919I04010) will not be able to trade them from January 9, 2026. Those entitled to redemption must appear on the record date to receive redemption proceeds.

Operational Impact: Trading members need to update their systems to block trading in the specified security and inform affected clients about the suspension and redemption process.

Impact Justification

Impacts trading of specific preference shares of Music Broadcast Limited but limited to debt segment investors holding these instruments