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.
Access essential information and documents to make informed investment decisions
Stay updated with upcoming events, conferences, and announcements
Access quarterly and half-yearly financial statements and reports
Download comprehensive annual reports and financial summaries
Access investor presentations, corporate briefings, and slideshows
Our blog provides insightful information about unlisted shares, offering a deeper understanding of how these assets work, their potential benefits, and the risks involved. Whether you're new to unlisted shares or looking to expand your knowledge, we cover topics such as investment strategies, valuation methods, market trends, and regulatory aspects. Stay updated with expert tips and guides to navigate the unlisted share market effectively.
Unlisted shares are stocks of companies that are not listed on any stock exchange, meaning they are not publicly traded. These shares are typically available for trade in the private market through brokers, and can offer unique investment opportunities.
You can buy unlisted shares through a broker or platform that specializes in unlisted share transactions. We provide a secure and easy way to purchase unlisted shares from top companies, ensuring a smooth transaction process.
The share prices of unlisted companies can fluctuate based on various factors like market demand, company performance, and private transactions. You can check the latest share prices for unlisted companies on our website for real-time updates.
Unlisted shares can offer higher growth potential, as they are typically not subject to the same market volatility as listed shares. However, they come with higher risk due to limited liquidity and availability of information. It's important to research thoroughly and consult experts before investing.
To sell unlisted shares, you can connect with a broker or platform that facilitates the sale of private stocks. We help investors buy and sell unlisted shares with ease, ensuring that your transaction is handled professionally and securely.
Yes, unlisted shares can eventually be listed on a stock exchange through an Initial Public Offering (IPO). This process allows the company to offer its shares publicly and be traded on major exchanges, potentially increasing liquidity and visibility.
Gains from unlisted shares are subject to capital gains tax in India. Short-term capital gains (if held for less than 24 months) are taxed at your applicable income tax rate, while long-term capital gains (if held for more than 24 months) are taxed at 20% with indexation benefits. Always consult a tax advisor for precise tax implications.
The value of unlisted shares is typically determined by private transactions, financial reports, and market demand. We provide the latest updates on share prices of unlisted companies, giving you the most accurate valuation available.
The minimum investment for unlisted shares can vary depending on the company and broker. Generally, the minimum investment is higher than for listed stocks, but we provide detailed information to help you make the best investment decisions.
Yes, unlisted shares may pay dividends if the company has declared them. However, since these companies may be in their growth stage, dividend payments are not always guaranteed. It's important to check the company's financial health before investing.
It's important to conduct thorough research on the company's financials, management, market potential, and overall business model. You can also seek professional advice from experts to help you choose unlisted shares with strong growth prospects.
Gains from unlisted shares are subject to capital gains tax in India. Short-term capital gains (if held for less than 24 months) are taxed at your applicable income tax rate, while long-term capital gains (if held for more than 24 months) are taxed at 20% with indexation benefits. Always consult a tax advisor for precise tax implications.
