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Radio City Redeems NCRPS at ₹120 per Share; Pays 0.1% Interim Dividend
Music Broadcast Limited (Radio City) has completed the redemption and dividend payment process for its Non-Convertible Non-Cumulative Redeemable Preference Shares (NCRPS). The company redeemed the shares at ₹120 per unit and paid an interim dividend of ₹0.01 per share (0.1% of face value). These payments were disbursed on January 19, 2026, to shareholders who were on record as of January 9, 2026. This corporate action fulfills the obligations under the Scheme of Arrangement through which these bonus shares were issued.
Key Highlights
Redemption of NCRPS completed at ₹120 per share upon maturity.
Interim dividend of 0.1% (₹0.01 per share) paid for the Financial Year 2025-26.
Payment for both redemption and dividend was processed on January 19, 2026.
Record date for eligibility was fixed as January 9, 2026.
The NCRPS were originally issued as bonus shares under a Scheme of Arrangement.
💼 Action for Investors
Equity investors should note the cash outflow resulting from this planned redemption. NCRPS holders should verify their bank accounts for the receipt of redemption proceeds and the interim dividend.