Music Broadcast has informed that the NCLT has approved the Scheme and has issued an electronic copy of the Order sanctioning the Scheme on December 23, 2022. The electronic copy of the Order attached as Annexure to this letter. In terms of the Scheme, the Company will issue and allot by way of bonus, 1 (one) fully paid-up NCRPS of the face value of INR 10 each at the premium of INR 90 each, for every 10 (ten) fully paid-up equity share of face value of INR 2 each, to the non-promoter shareholders of the Company whose names appear in the Register of Members of the Company as on the Record Date.
The above information is a part of company’s filings submitted to BSE.
