HT Media Ltd Announces Preferential Issue of Warrants Worth Nearly ₹95 Crores at Upcoming EGM
HT Media Limited has announced plans for a significant preferential issue of warrants, aiming to raise funds totaling up to INR 95,29,99,956.09. The issuance is part of the company's strategy to reduce debt servicing costs, improve profitability, and strengthen its capital structure. Shareholders are invited to attend an Extra-Ordinary General Meeting (EGM) scheduled for August 7, 2026, to approve this resolution.The Company intends to issue up to 38,787,137 warrants at an issue price of INR 24.57 per warrant. Each warrant carries the right to subscribe to one fully paid-up equity share of the company, which has a face value of INR 2 each.
Details of Preferential Allotment
The warrants are being offered to six Proposed Allottees, including The Hindustan Times Limited (a Promoter), for a gross amount totaling INR 95,29,99,956.09.| Sr. No | Name of the Proposed Allottee(s) | Number of Warrants | Amount (INR) | Category |
|---|---|---|---|---|
| 1 | The Hindustan Times Limited | 1,34,31,013 | 32,99,99,989.41 | Promoter |
| 2 | Tremis Consultancy LLP | 1,24,13,512 | 30,49,99,989.84 | Non-Promoter |
| 3 | Kiran Vyapar Limited | 71,22,507 | 17,49,99,996.99 | Non-Promoter |
| 4 | Zafar Ahmadullah | 40,70,004 | 9,99,99,998.28 | Non-Promoter |
| 5 | Zapfin Teknologies Private Limited | 4,07,000 | 99,99,990.00 | Non-Promoter |
| 6 | Peanence Commercial Private Limited | 13,43,101 | 3,29,99,991.57 | Non-Promoter |
| Total | 3,87,87,137 | 95,29,99,956.09 |
Fund Utilization and Key Terms
The gross proceeds from the preferential issue are earmarked for two main purposes: repayment of debt (INR 90,00,00,000) and general corporate purpose (INR 5,29,99,956). These funds are planned to be utilized in phases within six months of receipt.Regarding the terms of allotment, Promoter Warrants have a tenure of eighteen months from the date of allotment. For Non-Promoter Warrants, the Warrant Exercise Period is twelve months. The payment structure requires Proposed Allottees to pay 25% of the warrant issue price upfront at the time of allotment, with the remaining 75% payable upon exercising the warrants.
Shareholding Pattern Pre and Post Issue
The preferential issue will lead to a change in the company's shareholding pattern, though there is no anticipated change in control. HT Media Limited, as a promoter, holds significant pre-issue shares.| Category | Pre-Issue No of Shares | Pre-Issue % of Share Holding | Post-Issue No of Shares | Post-Issue % of Share Holding |
|---|---|---|---|---|
| Promoters' holding | 16,17,77,093 | 69.50% | 17,52,08,106 | 64.52% |
| Non-Promoters' holding | 709,96,056 | 30.50% | 9,63,52,180 | 35.48% |
| Grand Total | 23,27,73,149 | 100.00% | 27,15,60,286 | 100.00% |
EGM and Investor Information
The Extra-Ordinary General Meeting (EGM) is scheduled for Friday, August 7, 2026, at 11:00 A.M., and will be conducted via Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The cut-off date for determining shareholder eligibility for remote e-voting or attendance at the EGM is July 31, 2026.The company has engaged National Securities Depository Limited (NSDL) to provide both Remote e-Voting and voting during the EGM. The remote e-voting facility will be available from August 4, 2026, at 9:00 A.M. until August 6, 2026, at 5:00 P.M.
HTMEDIA Stock Price Movement
Today, HT Media Limited shares rallied, concluding the trading session at ₹27.16 after achieving a strong 5.31% gain. The stock traded within a daily range, moving from a low of ₹25.52 to an intraday high of ₹27.75.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.