Event Date: March 2, 2025
The document is a notification from Hindustan Media Ventures Limited (HMVL) to the National Stock Exchange of India Limited and BSE Limited, dated February 3rd, 2025, regarding the outcome of the Board Meeting held on the same day and disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR). The board meeting commenced at 12:00 Noon and concluded at 12:55 P.M.
Key Decisions & Approvals:
Financial Results: The board approved the Un-Audited Financial Results (Standalone & Consolidated) ("UFRs") of the Company for the quarter and nine months periods ended on December 31st, 2024, pursuant to Regulation 33 of the SEBI LODR. The Limited Review Report of M/s S.R Batliboi & Co. LLP, Chartered Accountants (Statutory Auditors) on the UFRs, was also taken on record.
Investments: The board approved the following investments by subscribing to equity shares/convertible equity linked instrument (compulsory convertible preference shares):
Financial Performance (Consolidated): The consolidated financial results for the quarter and nine months ended December 31, 2024 (Unaudited) reveal the following (all figures in INR Lakhs):
Financial Performance (Standalone): The standalone financial results for the quarter and nine months ended December 31, 2024 (Unaudited) reveal the following (all figures in INR Lakhs):
Segment Reporting: HMVL has two reportable operating segments: Printing & Publishing of Newspapers & Periodicals, and Digital. Segment revenue for Printing & Publishing of Newspapers & Periodicals was 17,972 for the quarter ended December 31, 2024 and segment revenue for Digital was 1,672 for the quarter ended December 31, 2024.
Investment Details (Annexure II):
The annexure provides additional details regarding the investments:
The investments are intended to provide capital return in the future with an aim to leverage media assets owned by the Company.
Compliance & Signatories:
The communication confirms compliance with SEBI regulations. Nikhil Sethi, Company Secretary, has digitally signed the notification. Shobhana Bhartia, Chairperson, also signed the consolidated and standalone financial results statements. The statutory auditors, S.R. Batliboi & Co. LLP, have issued an unmodified review conclusion for both standalone and consolidated financial results.
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