MUSIC BROADCAST Share price

The Company was incorporated as Music Broadcast Private Limited on November 4 1999 at Kolkata as a private limited company under the Companies Act 1956. the Company was converted into a public limited company pursuant to approval of the shareholders at an extraordinary general meeting held on June 15 2015 and consequently the name of the Company was changed to Music Broadcast Limited and a fresh certificate of incorporation consequent upon conversion to public limited company was issued by the Registrar of Companies Mumbai on June 25 2015. The changes to the name of the Company were undertaken upon conversion of the Company from a private limited company to a public limited company. On January 17 2005 the Company allotted 30000 Equity Shares aggregating to 75% of the then paid-up Equity Share capital of the Company to India Value Fund Trustee Company Private Limited (the “IVF Trustee Company”). On October 14 2005 the IVF Trustee Company transferred 20400 Equity Shares aggregating to 51% of the then paid-up Equity Share capital of the Company to IVF Holdings Private Limited (“IVF Holdings”). On May 25 2007 Radiovani Holdings Private Limited an existing Shareholder transferred 9003181 shares amounting to 21.48% of the paid-up Equity Share Capital of the Company to Crystal. IVF Holdings held 99.99% of the paid-up equity share capital of Crystal. Further pursuant to a share purchase agreement dated December 9 2014 executed between IVF Trustee Company IVF Holdings and the Company IVF Trustee Company transferred its entire shareholding in the Company aggregating to 20.63% of the then paid-up Equity Share capital of the Company to IVF Holdings. Further pursuant a share purchase agreement dated December 16 2014 executed between JPL Growth Capital Trustee Company Private Limited and IVF Holdings JPL acquired IVF Holdings from Growth Capital Trustee Company Private Limited which was the holding company of Crystal. Subsequently the name of IVF Holdings was changed to Spectrum. Post the acquisition Spectrum and Crystal held 71.34% and 21.48% respectively of the paid-up equity share capital of the Company. Subsequently Spectrum and Crystal were merged into JPL pursuant to the Scheme of Arrangement. Major events and milestones of the Company :2001-The Company won licenses for FM broadcasting in fthe cities under FM Policy Phase I2005-IVF Trustee Company invests in the Company and attains a majority shareholding2006-The Company won licenses for FM broadcasting in 16 cities under FM Policy Phase II2010-The Company launched web radio in India2014-JPL invested in the Company through Spectrum2015-Issue of Listed NCDs and listing on BSE-‘CRISIL AA/Stable’ rating of Listed NCDs by CRISIL Limited2016-The Company won licenses for FM broadcasting in 11 cities under FM Policy Phase III-Re-affirmation of ‘CRISIL AA/Stable’ rating of Listed NCDs by CRISIL Limited-The radio division of Shri Puran Multimedia Limited was transferred to the Company pursuant to the Scheme of Arrangement.Awards achievements and certifications :2013-Great Places to Work- Global HR Excellence Awards (Innovative HR Practices)-Great Places to Work- Rank 32 in the Top 100 Companies2014-Great Places to Work- Engaging Frontline Staff (Rank 2)-IRF Awards – Excellence in Radio Awards -Best on Ground/Activation by an FM Station (Radio City Freedom Awards)2015-IRF Awards – Excellence in Radio Awards -RJ of the Year (Hindi) (RJ Ginnie)-Golden Mikes -Best First Time innovation-Golden Mikes -Most unique programming concept/idea2016-Golden Mikes (in respect of Radio Mantra Stations) -Best Public Service Initiative by a Radio Station or a Network of Radio Stations-New York Festival Radio Awards - Community service (Dil Deke Dekho – Bronze)