Promoter, five investors to infuse ₹95.3 crore into HT Media via preferential issue

The company's board, at its meeting held on July 11, approved the issuance of 3,87,87,137 warrants on a preferential basis at an issue price of ₹24.57 per warrant

by e4m Staff
Published: Jul 13, 2026 8:31 AM | 3 min read

HT Media Ltd has approved a plan to raise up to ₹95.3 crore through a preferential issue of 3,87,87,137 warrants, pending shareholder and regulatory approvals.
The warrants will be issued at an issue price of ₹24.57 each, convertible into fully paid-up equity shares, with the allotment primarily to the promoter entity and five other investors.
An Extraordinary General Meeting (EGM) is scheduled for August 7, 2026, to seek shareholder approval for the issuance, with the notice to be submitted to stock exchanges soon.
Following the allotment, the promoter's shareholding will increase in number but decrease in percentage from 69.50% to 64.52%, while new investors will hold varying percentages of the expanded equity capital.

HT Media Ltd, the publisher of Hindustan Times and Mint, has approved raising up to ₹95.3 crore through a preferential issue of warrants to its promoter entity and five other investors, subject to shareholder and regulatory approvals, as the media company looks to strengthen its capital base.

The company's board, at its meeting held on July 11, approved the issuance of 3,87,87,137 warrants on a preferential basis at an issue price of ₹24.57 per warrant, aggregating up to ₹95.29 crore. Each warrant will be convertible into one fully paid-up equity share of face value ₹2. The issue will be undertaken in accordance with the Companies Act, SEBI's Issue of Capital and Disclosure Requirements (ICDR) Regulations and other applicable laws.

The proposed allotment will be made to six investors, led by promoter entity The Hindustan Times Ltd, which will subscribe to 1,34,31,013 warrants. The remaining warrants will be allotted to Tremis Consultancy LLP (1,24,13,512 warrants), Kiran Vyapar Limited (71,22,507), Zafar Ahmadullah (40,70,004), Zapfin Teknologies Private Limited (4,07,000) and Peanence Commercial Private Limited (13,43,101).

The board has also approved convening an Extraordinary General Meeting (EGM) on August 7, 2026, to seek shareholders' approval for the preferential issue. The company said the notice for the meeting would be submitted to the stock exchanges in due course.

According to the disclosure, the warrants will be issued through a preferential allotment on a private placement basis for cash consideration. The company said the warrants may be converted into an equivalent number of equity shares in one or more tranches.

The issue price of ₹24.57 per warrant is equal to the floor price determined under Chapter V of the SEBI ICDR Regulations. The company said July 8, 2026 has been fixed as the relevant date for determining the pricing of the preferential issue.

Following the proposed allotment and assuming all warrants are exercised, promoter entity The Hindustan Times Ltd will see its shareholding increase from 16.18 crore shares to 17.52 crore shares. However, due to the enlarged equity base, its ownership percentage will decline to 64.52% from 69.50%.

Among the new investors, Tremis Consultancy LLP will hold 4.57% of the expanded equity capital, while Kiran Vyapar Limited will own 2.62%, Zafar Ahmadullah will hold 1.50%, Peanence Commercial Private Limited will own 0.49%, and Zapfin Teknologies Private Limited will hold 0.15%, assuming full conversion of all warrants.

The company clarified that the promoter warrants will remain valid for conversion for up to 18 months from the date of allotment. Warrants allotted to the five non-promoter investors will have a maximum tenure of 12 months, within which the holders may exercise their conversion option.

HT Media stated that the preferential issue is subject to statutory and regulatory approvals, including shareholder consent at the upcoming EGM. The company has not announced any cancellation or modification of the proposal, stating that no such action is applicable.