Music Broadcast Limited — Others, 07-01-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Music Broadcast Limited has announced a board meeting regarding the update on material litigation. The Contempt Petition No. 3238 of 2024, pending in the Hon'ble Madras High Court, was heard and subsequently adjourned to January 27, 2025, for the submission of a Counter Affidavit by the Company. The implication of this litigation may create uncertainty around the company’s operational management. On the investor front, this ongoing legal matter could present a neutral impact, depending on the eventual outcome and its effect on the company’s financial health and governance.