HT Media Limited Approves Preferential Issuance of 3.87 Crore Warrants
HT Media Limited announced that its Board of Directors had approved the issuance of warrants through a preferential allotment. This move involves a total of 3,87,87,137 warrants at an issue price of INR 24.57 per warrant, with an aggregate cash consideration estimated up to INR 95,29,99,956.09.The approval for the preferential issue was granted by the Board during a meeting held on Saturday, July 11, 2026. The warrants carry the right for the holder(s) to subscribe to one fully paid-up equity share of HT Media Limited, which has a face value of INR 2 each.
The issuance is set for a private placement and includes six proposed allottees. The allotment details and the pre and post issue shareholding are summarized below:
| Proposed Allottee | Number of Warrants Received | Pre-issue Shareholding | Post-issue Shareholding |
|---|---|---|---|
| The Hindustan Times Ltd. | 1,34,31,013 | 69.50% (Shares) | 64.52% |
| Tremis Consultancy LLP | 1,24,13,512 | Nil | 4.57% |
| Kiran Vyapar Limited | 71,22,507 | Nil | 2.62% |
| Zafar Ahmadullah | 40,70,004 | Nil | 1.50% |
| Zapfin Teknologies Private Limited | 4,07,000 | Nil | 0.15% |
| Peanence Commercial Private Limited | 13,43,101 | Nil | 0.49% |
The issuance involves a total of six investors receiving the warrants. The issue price of INR 24.57 was determined based on the floor price established on July 8, 2026.
Key details regarding the issued securities include:
| Particulars | Detail |
|---|---|
| Type of Securities | Warrants |
| Issuance Type | Preferential allotment on a private placement basis |
| Total Warrants Issued | 3,87,87,137 |
| Issue Price per Warrant | INR 24.57 |
In addition to the warrant issuance, the Board of Directors approved convening an extra-ordinary general meeting (EGM) to seek member approval for this matter. The EGM is scheduled for Friday, August 7, 2026.
The warrants have specific tenure limits: Promoter Warrants shall not exceed eighteen months, while Non-Promoter Warrants allotted to Tremis Consultancy LLP, Kiran Vyapar Limited, Zafar Ahmadullah, Zapfin Teknologies Private Limited, and Peanence Commercial Private Limited shall not exceed twelve months from the date of allotment.
HTMEDIA Stock Price Movement
On Friday, shares of HT Media Limited shed 1.81% in the market session, closing at ₹25.41 as selling pressure continued throughout the day. The stock recorded a total traded volume of 226,709 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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