Music Broadcast : Credit Rating

RAG RAG MEIN

DAUDE CITY, | "Geeedledltll3Z

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(RA JAGRAN INITIATIVE

April 22, 2022

1. | National Stock Exchange of India Ltd

Exchange Plaza, 5"" Floor

Plot No. C/1, G Block; Bandra (East),

Mumbai 400 051

2. | BSE Limited

Corporate Relationship Department Phiroze Jeejeebhoy Towers,

Dalal Street, Fort, Mumbai 400 001

Ref: Scrip Code: NSE RADIOCITY/ BSE 540366 (ISIN: INE919101024)

Sub: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sirs,

Pursuant to Clause 3 of Schedule III, Part A, Para A read with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that CRISIL has reaffirmed "CRISIL AA/Stable" rating to the Long term facilities of the Company and "CRISIL A1+" rating to the short term facilities of the Company.

The letter received from the CRISIL is attached herewith for your perusal. Thanking you

Yours faithfully

For Music Broadcast Limited

os

Arpita Kapoor

Company Secretary and Compliance Officer

Membership No. F8842

Encl: As above

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CIN: L64200MH1999PLC137729, Music Broadcast Limited | Register office: 5th Floor, RNA Corporate Park, Off Western Express Highway, Kalanagar,

Bandra (E), Mumbai - 400051. | Tel: [phone] | Fax: [phone] | Website: www. radiocity.in

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CONFIDENTIAL

RL/MUBRPL/292574/BLR/0422/31271 Apiil 2L 2022

An S&P Global Co1npany

IVlr. Prashant Don1adia C11ief Financial Officer Music Broadcast Lhnited

5th FloorR NA Co1porate Park, Off Vesten1 Express Higlnv;iy.

Kalanagar. Bandra (E), Mmnbai City~ -100051

Dear !1r. Prashant Do1uadia,

Re: Re'ie\' of CRISIL Ratings on the bank facilities of Music Broadcast Lhuited

All rll.tings assigned by CRISIL Ratings are kept wider continuous surveillance and reviev,Please find in the table. bel0\1 the ratings outstanding for the debt instnunents/f:icilities of the con1pany, and the rating actions by CRISIL Ratings on the ratings as on date.

Total Bank Loan Facilities IlatedRs.135 Crore

Long Ter1u Rating

CRISIL AA/Stable (Reaffirmed)

CRISIL Al+ (Reaffirmed)

Short Ter111 Rating

( Bank~1i'/se def(ufs as per Anlll',ntre 1)

As per ow· Raring Agree.n1ent, CRISIL R~Hings VOtdd dissenlin::ne the ratings, along Vith the outlook, through its publications and other inedia. ~u1d keep the ratings, along Vi.th the outlook, tu1der surveillance over the life of the instr1une1u/facility. CRISIL R~nings reserves the right ro Vlithdtav, or revise the ratings, along \'ith the outlook, at any tilne. on the basis of uev infonnation, or unavailability of infonnarion, or other circun1stances vhich C'RISIL Ratings believes n1ay have an in1pact on the ratings. Please visit VVv,crisilratings.co1n and search Vith the naine of the rated entity to access the 1atesr r;iting/s.

In the event of the co1npany not avalling the proposed facilities Vithin a period of 180 days fro111 the date of this letter. a fresh letter of revalidation fro1n CRISIL Ratings Vill be necessary.

Should you require any cla1ification, please feel free ro get in touch Vith us.

With vann regards, ''{ours sincerely,

Nitesh Jain

Nivedita Shibu

Director - c:RISII.. Ratings

Associate Director - CR.ISIL Ratings

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·~61GCTitiiiO'i:UA-i-Btmg by CR/SIL Ha1mgs ref/eels CRTSILRa1i11g'ii'Ci.:irrem 0µ1111011 on th<> of timely payment Ot ili(i obligations "under 1/Je rared insrrum&fii,"B"iid doe5 not - consriwre an audil of rhe rared entity by CR!SJL Ratings. Our rt/lings are based on information provided by the issuer 01 obtained by CR/Sil. Ratings from sources it considers reliable. CR/SIL Ratings does not guaramee the compfe1eness or accuracy of the informarion on which rhe ra1ing is based. A ra1ing by CR/SIL Rmings is not a iecommenda1ion to buy/ sell or hold the rnred ins1rumem; it does nor comment on 1/Je marker ptice or suiwbility for a particular inves10r. Cf-?ISll. Ratings has ,1 prac1ice of keeping all its ratings under surveillance and rntings a10 revised as ,1nd when circomstances so w.1rram. CR/SIL R,11i11gs is not responsible for any OIT0/'6 and especially srmes thar it has no fimmcial /iab1/iry whmsoever lo 1he suliscribers I users. I transmitters I disrriburors of ils ratings. CR/SIL Ratings' criteria are av,'liklble wi1hou1 charge lo 1he puhlic on the web site, ~'Y.s:X.iEiJrntin:;rs com. CR/SIL Rmings or its associ.wes m.1y have or/Jer commercial 1ransacrio11s w1)ft rhe companylemiry. For the latest rating information on any insuumenr of any company rated by CR/SIL Ratings, please 'If;;; !.'.l~'.~'...1:1_1_~ri1_,}! '.i'§..'. ~:·:'2? N contact Customer Service /-lelpdesk al CFll!if.!,E?l~f![e-mail] or al 1800.

267-1301

CRISIL Rt.itirige Limitood

(A ~11boidiary of CR/SIL Limited)

Corpornte Ideutiry Numbcc U67100MH2019PLC326247

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Reghtered Office: CIUSIL House, Ccuu:i.l Avcmi.:', Hirau.wdani Busiuns Paik. Powni.11111nbai- 400 076. Phone: [phone] l Fa.x: 1·91 D. 3342 3001 '<>

An SE;P Global Company

Anncxnre I - Bank-\'ise details of various facility classes (outstanding facilities)

S.No. Bank Facility Bank An1011nt (Rs. in Crore) l 2 Bank Guarantee Bank Guarantee HDFC Bank Limited Centrnl Bank Of India 21.66 2.29 Outstanding l{ating CRISIL Al+ 3 " Overdraft Facili1y Ovet HDFC Bank Limited Axis Bank Lil1lited 10 1 CRISIL Al+ CRISIL Al+CRISIL Al+
5	Proposed B:ink CTuar;uuee	--	21.05	CRISIL Al+
6	Proposed Vorking Capital Facility	--	79	CRISIL AA/Srnble
Total	135

-b!Gcfoimbr: Araring bfCRTSiC11aiTn{JSf'iilliJc/s CRISiL RB!ings' current opinion on 1/Je like///Jood oTiimely payment of l11e 06Ti9afTOiiSU/ider the mred ins1rw1wm, :.md does nm cons1i1ure an audit of rhe raied emiry by CH/SIL Rmings. Our rmings tlfe based on informmion provided by 1he issuer or obtained by CH/SIL Ratings fiom sources it considers relinble. CR/SIL Rmings does not guar.<> the completeness or accuracy of the informmion on which the rating is based. A raring by CR/SIL Ratings is no1 a recommenda.rion lO l>uy I sell or hold the rated instrumenr; ii does nor commem on the marker price or suitability for a particular investor. CH/SIL Rr1tings has a. practice of keeping all its ratings undor swveil!ance w1d tatings are revised .<> and when circumstances so warran1. CR/SIL Rmings is not rnsponsible for any enors .w1d especi.<11/y states that ii lws rw financial liabiliry wharsoever 10 the subscfibers I users I tuwsmicrers I distriburors of i1s rariiigs. CR/SIL f.1atings' criteria are available without charge w the public on 1/ie web site, ~'W.qisilrntings.,om. CRIS/L Rarings or its associates may have other commercial trans.ictions wiifr the comp;:mylemity. For the lares1 rating inform8/ion on any insrromenl of anycompnny mred by CH/SIL Ratings, please,.,,"' X".'.~::>]:'.,(! ;,;.'.' ~!:0.TLl_._'_(1_1_~1 "'!contact Cus/omer Se1vice Helpdesk at £RIS.!J:[e-mail] or a/ 1800· 267-1.101

CRISIL Aotinga Limifod

(, ~ubddiary ofCR/SJL Limited)

Coiporntc ldcntiry Nnn1bcr: U67100MH2019PLC326247

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Ri'"ghtend Office: CRJSlLHousc. Central Avcnm-, Hirnn;mdani Busincr.s Park, Pow.U. Muml>.li- ·WO 076. Phone: ·t·9i 22 3342 3000 IFa.•: 1·91 22 33-t2 3001www.c:rir,il.rntinp.com