Description
NSE suspends trading in preference shares of Music Broadcast Limited (RADIOCITY) effective January 09, 2026 due to redemption on account of maturity.
Summary
The National Stock Exchange of India has announced the suspension of trading in Non-Cumulative Non-Convertible Redeemable Preference Shares of Music Broadcast Limited (Symbol: RADIOCITY, ISIN: INE919I04010, Series: P1) effective January 09, 2026. The suspension is due to redemption on account of maturity, issued under Regulation 3.1.2 of the NSE Capital Market Trading Regulations Part A.
Key Points
- Trading suspension applies to preference shares only (Series P1), not equity shares
- Security will be suspended from trading starting January 09, 2026
- Reason for suspension is redemption due to maturity
- Circular reference number: 0026/2026
- NSE circular reference: NSE/CML/72186
Regulatory Changes
No new regulatory changes introduced. This is a standard administrative action under existing NSE Capital Market Trading Regulations Part A, Regulation 3.1.2.
Compliance Requirements
- Members and market participants should note that the specified preference shares will not be available for trading from January 09, 2026
- No trading orders should be placed for ISIN INE919I04010 (Series P1) from the effective date
Important Dates
- Circular Date: January 07, 2026
- Effective Date of Suspension: January 09, 2026
Impact Assessment
The impact is limited to holders of the specific preference share series (P1) of Music Broadcast Limited. This is a routine corporate action where preference shares are being redeemed at maturity. Equity shares of Music Broadcast Limited (RADIOCITY) remain unaffected and continue to trade normally. The suspension is procedural and expected as part of the normal lifecycle of redeemable preference shares.
Impact Justification
Routine administrative action for preference share redemption affecting single security series with limited market impact