Hindustan Media Ventures Limited has announced a strategic investment agreement worth Rs. 9.34 Crore in KSKT Agromart Private Limited, marking the company's entry into the organic grocery and dairy marketplace sector. The agreement was executed on March 20, 2026, at 6:00 p.m., as disclosed under Regulation 30 of SEBI LODR regulations.

Investment Structure and Details

The investment will be made through subscription to equity shares and convertible equity linked instruments, specifically compulsory convertible preference shares of KSKT Agromart Private Limited. The transaction is structured as a cash consideration deal, with completion targeted for April 2026.

Target Company Profile

KSKT Agromart Private Limited, incorporated on October 16, 2020, in Mumbai, operates the "Kaze Living" platform, which serves as a marketplace for healthier food alternatives in the organic grocery and dairy segment. The company has demonstrated substantial growth trajectory over the past three years.

Financial Performance Overview

The target company's turnover has shown remarkable growth, increasing from Rs. 1.17 Crore in FY 2022-23 to Rs. 12.99 Crore in FY 2024-25, representing significant business expansion in the organic food marketplace sector.

Strategic Rationale

The investment is being made in the fast-growing target company with the primary objective of generating capital returns in the future. Hindustan Media Ventures Limited aims to leverage its existing media assets to support this investment strategy. The transaction does not fall under related party transactions, and no promoter or group companies have any interest in the entity being acquired.

Shareholding and Control

The percentage of shareholding and control to be acquired will be determined at the time of conversion of the convertible equity linked instruments. This structure provides flexibility in the investment approach while allowing for potential future participation in the company's growth.

Hindustan Media Ventures Limited has announced the successful completion of its postal ballot process, with shareholders overwhelmingly approving the appointment of Shri Sameer Singh as Managing Director. The special resolution was passed with requisite majority on March 05, 2026, marking a significant corporate governance milestone for the media company.

Postal Ballot Results Overview

The postal ballot process was conducted entirely through remote e-voting, spanning from February 04, 2026 to March 05, 2026. Shareholders demonstrated strong confidence in the proposed leadership change, with the resolution receiving substantial support across all voting categories.

Detailed Voting Analysis

The voting results revealed overwhelming support for Sameer Singh's appointment, with 99.94% of polled votes cast in favour of the resolution. The comprehensive voting breakdown demonstrates strong backing from the promoter group and mixed response from public shareholders.

Regulatory Compliance and Process

The company conducted the postal ballot in strict compliance with regulatory requirements under Section 110 read with Section 108 of the Companies Act, 2013, and SEBI LODR Regulations. The process was overseen by D S Associates Company Secretaries, with Dhawal Kant Singh serving as the appointed Scrutinizer.

Key compliance highlights include:

• Electronic dispatch of notices completed on February 03, 2026
• Corrigendum issued on February 10, 2026
• Advertisement published in 'Mint' (English) and 'Hindustan' (Hindi) newspapers
• Cut-off date established as January 30, 2026
• Scrutinizer's report confirming fair and transparent voting process

Corporate Governance Significance

The successful postal ballot reflects strong corporate governance practices at Hindustan Media Ventures Limited. The appointment of Sameer Singh as Managing Director, along with remuneration approval, was processed through proper regulatory channels with comprehensive shareholder consultation.

The voting turnout of 74.45% of total outstanding shares demonstrates active shareholder participation in corporate decision-making. The resolution was deemed passed on March 05, 2026, with all procedural requirements fulfilled according to the Scrutinizer's report.

Company Secretary Nikhil Sethi confirmed the completion of all regulatory filings and notifications to BSE Limited and National Stock Exchange of India Limited, ensuring full transparency in the appointment process.