Disclosure regarding Acquisition is enclosed
HMVL · price
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Hindustan Media Ventures Ltd (HMVL) held its Board meeting on May 28, 2026, approving audited financial results for Q4 and FY ended March 31, 2026. The company reported revenue of Rs. 73,964 Lakhs from continuing operations, up from Rs. 67,310 Lakhs in the previous year. However, profit after tax from continuing operations declined to Rs. 14,245 Lakhs from Rs. 16,416 Lakhs, partly due to exceptional items including Rs. 1,519 Lakhs impact from new Labour Codes. The board also approved investing up to GBP 1.67 Million (~Rs. 21.66 Crore) by subscribing to equity shares of Assetvault Limited (AasaanWill). No dividend was recommended for FY 2025-26. The company discontinued its OTTplay business effective March 31, 2026, resulting in a loss of Rs. 9,239 Lakhs from discontinued operations.
Profit from core printing and publishing business declined year-on-year despite higher revenue. The OTTplay shutdown and labour code impact created additional losses. The new investment in Assetvault Limited represents a diversification into digital estate planning services.