HT Media Limited has confirmed that it has not created any encumbrance, directly or indirectly, on the shareholding or voting rights held in Next Mediaworks Limited. The disclosure was made to the stock exchanges on April 6, 2026, by Manhar Kapoor, Group General Counsel and Company Secretary of HT Media Limited.

The declaration was submitted pursuant to Regulation 31(4) and 31(5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. These regulations require promoters to disclose any encumbrance on their shareholding in a listed entity.

Regulatory Filing Details

The intimation was addressed to BSE Limited and the National Stock Exchange of India Limited. HT Media Limited acts as a promoter for Next Mediaworks Limited, which is listed on both exchanges with the BSE scrip code 532416 and NSE trading symbol NEXTMEDIA.

The filing confirms that the promoter's shareholding remains free from any charges or claims. A copy of the intimation was also marked to the Audit Committee of next mediaworks .

Next Mediaworks Limited announced its audited financial results for the quarter and financial year ended March 31, 2026, following a board meeting held on May 22, 2026. The company reported a total income of ₹20 lakh for the financial year, consisting solely of other income, compared to ₹56 lakh in the previous year. Revenue from operations was nil for the year ended March 31, 2026, as well as for the corresponding quarter.

The company recorded a net loss of ₹528 lakh for the full year, a sharp reversal from the net profit of ₹394 lakh recorded in the financial year ended March 31, 2025. For the quarter ended March 31, 2026, the net loss stood at ₹193 lakh. Total expenses for the year decreased to ₹476 lakh from ₹544 lakh in the prior year, primarily driven by lower employee benefit expenses and other expenses, though finance costs increased to ₹452 lakh from ₹436 lakh.

Financial Performance

The statement of audited financial results highlights the company's financial position for the year. Key metrics indicate a continued lack of operational revenue and mounting losses.

Auditor's Report and Going Concern

The statutory auditors, S.R. Batliboi & Associates LLP, issued an unmodified opinion on the financial results. However, the report includes an emphasis of matter paragraph drawing attention to Note 5 of the financial results. The auditors noted that management has assessed the company is no longer a going concern due to significant accumulated losses and fully eroded net worth.

The financial statements have been prepared on this basis. The company cited finance costs on inter-corporate borrowing from Next Radio Limited as a primary reason for its financial state. Additionally, the company does not have any business operations, operating cash flows, or definitive business plans. An impairment of GST Input Tax Credit of ₹72 lakh was recognized as an exceptional loss due to the going concern issues.

Balance Sheet and Cash Flows

The balance sheet as of March 31, 2026, shows total assets at ₹366 lakh, a decrease from ₹968 lakh in the previous year. Total equity stood at a negative ₹3,536 lakh, indicating a deficit. Total borrowings amounted to ₹3,892 lakh as of March 31, 2026.

Cash flow analysis reveals that the company used ₹9 lakh in net cash from operating activities during the year. Cash and cash equivalents at the end of the year were ₹1 lakh, down from ₹9 lakh at the beginning of the year.