Hindustan Media Ventures Limited has submitted its quarterly compliance certificate under SEBI Depositories Regulations for the quarter ended March 31, 2026. The filing demonstrates the company's adherence to regulatory requirements for listed entities regarding share dematerialization processes.

Regulatory Compliance Certificate Details

The certificate was issued under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. KFin Technologies Limited, serving as the company's Registrar and Share Transfer Agent, confirmed that no requests for dematerialization of shares were received during the specified quarter.

Stock Exchange Notification

Company Secretary Nikhil Sethi formally communicated the certificate to both major stock exchanges where the company's shares are listed. The notification was sent to BSE Limited and National Stock Exchange of India Limited, ensuring compliance with disclosure requirements.

Trading Information:

• BSE Scrip Code: 533217
• NSE Trading Symbol: HMVL

Depository Communication

The company also copied the certificate to both major depositories in India - National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL). This ensures all relevant regulatory bodies are informed about the company's dematerialization status for the quarter.

Company Operations

Hindustan Media Ventures Limited operates from its corporate office located at Lotus Tower, New Friends Colony, New Delhi, with its registered office in Patna. The company maintains regular compliance with SEBI regulations through its appointed registrar and transfer agent, KFin Technologies Limited, which operates from Hyderabad and Mumbai.

Hindustan Media Ventures Limited has announced the strategic closure of its OTTplay business operations, marking a significant shift in the company's digital entertainment portfolio. The Board of Directors reached this decision on March 26, 2026, following an assessment of the business unit's long-term viability and profitability prospects.

Business Closure Timeline and Impact

The company will discontinue offering new OTTplay subscription packs from March 31, 2026. However, existing subscribers will continue to receive platform support, ensuring service continuity for current users. This phased approach demonstrates the company's commitment to honoring existing customer relationships while strategically exiting the business.

Financial Performance Analysis

The OTTplay business unit's financial metrics for FY25 reveal the challenges that led to this closure decision:

Despite generating substantial revenue, the OTTplay division maintained a negative net worth of Rs. 38.09 crore, indicating ongoing operational challenges and capital requirements that could not be sustained long-term.

Strategic Rationale

The primary reason cited for the closure centers on profitability timelines. According to the company's assessment, the expected timeline for achieving sustainable long-term profitability does not meet the required criteria established by management. This decision reflects a strategic focus on optimizing resource allocation toward more viable business segments.

Regulatory Compliance

Hindustan Media Ventures has fulfilled all regulatory disclosure requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also updated its website with relevant information and submitted comprehensive details to both BSE Limited and National Stock Exchange of India Limited.

Market Position

While the OTTplay closure represents a retreat from the digital streaming market, the company's overall financial position remains strong with a positive net worth of Rs. 1611.49 crore for FY25. The 8% revenue contribution from OTTplay, while significant, allows the company to maintain operational stability through its core media and publishing businesses.