Music Broadcast Limited, the company that owns Radio City, has announced a significant update to its investors. The company has fully redeemed its non-convertible, non-cumulative redeemable preference shares (NCRPS) on January 19, 2026. This means the company has fully repurchased its preferred shares and returned the money, along with the agreed amount, to those who purchased these special shares.
The company announced that it has redeemed a total of 8,969,597 preferred shares. These shares, with a face value of ₹10 per share, were initially issued at a premium of ₹90. After the expiry of the stipulated period of 36 months, these shares have now been redeemed at a premium of ₹120 per share, with a premium of ₹20.
The company paid a total of ₹107 crore 63 lakh 51 thousand 640 rupees for this redemption. This entire amount was paid from the company's reserves that were available for distribution.
Music Broadcast Limited also clarified that the company has timely paid an interim dividend of 0.1% on these preference shares for the fiscal year 2025-26. This dividend is ₹0.01 per share. The record date for the dividend was January 9, 2026, and the payment was made on January 19, 2026. According to the company, this redemption was made entirely on a maturity basis, with no partial redemptions or delays. All eligible preference shareholders have been paid in full on time, and there are no outstanding balances on these shares.