Hindustan Media Ventures Limited will hold its 16th post-IPO Annual General Meeting on September 24, 2026. The session is scheduled for 11:00 am through video conferencing or other audio-visual means.

The company issued the notice on August 31, 2026, in compliance with Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The documents are available on the company website and have been dispatched to eligible members.

Agenda Items

The meeting covers two ordinary business items:

• Adoption of the audited standalone and consolidated financial statements for the financial year ended March 31, 2026 (FY26), along with the reports of the Board of Directors and Auditors.
• Re-appointment of Priyavrat Bhartia (DIN: 00020603) as a Director, who retires by rotation and offers himself for re-appointment.

Governance Details

Nikhil Sethi, Company Secretary, signed the notice. The meeting location is designated as New Delhi, though participation is virtual. The registered office remains in Patna, while the corporate office is in New Delhi.

Hindustan Media Ventures Limited (HMVL) reported a significant turnaround in profitability for the first quarter of FY27, with net profit after tax (PAT) surging 113% year-on-year to ₹56 crore. The company name posted total revenue of ₹244 crore, a 28% increase from ₹191 crore in the corresponding quarter of the previous fiscal year. This performance underscores the effectiveness of its cost discipline strategies and steady advertising demand, despite broader macroeconomic headwinds such as elevated newsprint prices and supply-chain uncertainties.

The filing, submitted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, details consolidated results for the quarter ended June 30, 2026. During the subsequent earnings call held on August 5, 2026, management addressed shareholder concerns regarding a proposed preferential issue, clarifying that the capital raise is intended to retire debt in indebted entities like HT Media Limited and Digicontent Limited, rather than HMVL, which holds a robust net cash position of ₹922 crore at the consolidated level.

Financial Performance Overview

The company’s financial metrics reflect strong operational leverage. EBITDA grew 109% to ₹75 crore, up from ₹36 crore in Q1FY26, pushing the EBITDA margin from 19% to 31%. Revenue from operations stood at ₹197 crore, a 20% increase year-on-year. While sequential growth was modest, with total revenue rising 6% quarter-on-quarter to ₹244 crore, the year-on-year trajectory indicates a robust recovery in core business segments.

Segmental Highlights

Print remained the anchor of the business, contributing significantly to top-line growth. Advertising revenue within the print segment grew steadily, while circulation revenue remained resilient. The English print division saw advertisement revenue rise 12% to ₹156 crore, while the Hindi division recorded a 20% jump to ₹139 crore. Conversely, the digital segment experienced moderated revenue, falling 28% to ₹27 crore, as the company deliberately reset its portfolio around leaner, more focused offerings to drive sustainable profitability. Radio revenue remained broadly steady at ₹32 crore, following the surrender of licenses for non-viable stations to create a more sustainable footprint.

What the Numbers Show

A key analytical observation from the Q1FY27 results is the divergence between operating revenue growth and other income. While operating revenue grew by 20%, other income surged by 75% to ₹47 crore, contributing significantly to the total revenue growth of 28%. Management clarified that this other income includes substantial treasury gains driven by yield curve movements and realized profits on the sale of assets, rather than mark-to-market valuation changes. Additionally, the expansion in EBITDA margin from 19% to 31% highlights effective cost control measures, particularly in employee costs which decreased by 8% despite revenue growth. This operational efficiency, combined with the strategic restructuring of the digital and radio segments, positions Hindustan Media Ventures for improved long-term sustainability.