Music Broadcast Limited — Others, 25-11-2024: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Music Broadcast Limited has announced a board meeting regarding a legal dispute with the South Indian Music Companies Association (SIMCA). The matter involves a contempt petition filed with the Hon'ble Madras High Court, with the next hearing set for December 10, 2024. The company is currently seeking legal advice to understand any potential financial implications stemming from this petition. Investor sentiment may be cautious due to the uncertainty around this legal challenge, but further updates will be provided as the situation develops, which could help clarify the company’s position and impact on operations.