General Updates

September 22, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor Corporate Relationship Department Plot No. C/1, G Block; Bandra (East) Phiroze Jeejeebhoy Towers Mumbai 400 051 Dalal Street; Fort, Mumbai 400 001 Equity Scrip Code RADIOCITY Equity Scrip Code 540366 ISIN INE919I01024 ISIN INE919I01024 Sub: Intimation under Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Dear Sir/Madam, In terms of SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, as amended read with Regulation 30 of Listing Regulations and SEBI Circular No. SEBI/HO/CFD/CFD- PoD-2/P/CIR/2025/25 dated February 25, 2025. The information required to be disclosed to stock exchanges is given below: S. Particulars Details 1 Name of the authority Office of the Deputy Commissioner, State Tax, Sector-2: Lucknow (A): Lucknow-I, Uttar Pradesh (State GST Authority). 2 Nature and details of the Receipt of a Show Cause Notice ("SCN") in FORM GST DRC- action(s) taken, initiated or 01 under Section 73(1) of the Uttar Pradesh Goods and Services order(s) passed Tax Act, 2017 read with the Central Goods and Services Tax Act, 2017, alleging short payment of tax and irregular/excess availment of Input Tax Credit claim for FY 2022-23. 3 Date of receipt of the Notice dated September 21, 2026; received by the Company on direction/order or September 21, 2026. communication from the authority 4 Details of the The SCN raises a total demand of approximately ₹11,57,81,759 violation(s)/contravention(s) (Tax: ₹10,52,56,145; Penalty: ₹1,05,25,614), comprising, inter committed or alleged to be alia: (i) short payment of output tax of approximately ₹5,723.81 committed lakh on account of an alleged mismatch between liability reflected in GSTR-7/GSTR-8 and GSTR-3B, sought to be taxed at 18%; (ii) alleged ineligible ITC of ₹6,72,923/- (IGST) and ₹7,76,682/- each (CGST/SGST) claimed on inward supplies from certain vendors, alleged to be not in the course/furtherance of business and hence restricted under Section 17(5); and (iii) a shortfall of ₹639 each in CGST/SGST paid under reverse charge mechanism, together with applicable interest. The Company does not agree with the above allegations and proposes to submit a detailed reply supported by relevant records and reconciliations within the prescribed timeline. 5 Impact on financial, This is presently a SCN calling for a response and does not operational or other constitute a final demand or order. The Company intends to activities of the Company, contest the matter on merits and does not expect any material quantifiable in monetary financial impact at this stage. Any impact on the financial, terms, to the extent possible operational or other activities of the Company will be assessed and disclosed appropriately as the matter progresses. You are requested to take the above information on record. Thanking you, Yours faithfully, For Music Broadcast Limited Arpita Kapoor Company Secretary & Compliance Officer