HT Media EGM on Aug 7 for preferential issue of about 95.30 crore warrants
HTMEDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
HT Media has called an EGM on August 7, 2026 to seek shareholder approval for issuing up to 3.88 crore warrants at INR 24.57 each on a preferential basis, totaling about INR 95.30 crore. Allottees include promoter Hindustan Times Limited and 5 non-promoter entities. Each warrant converts to 1 equity share of INR 2 face value. Promoter warrants have 18-month tenure; non-promoter warrants 12 months. 25 percent paid upfront, balance on exercise. Purpose is to cut debt servicing cost and strengthen finances.
Dilution risk if all warrants are exercised; signals promoter and investor support but will increase share count upon conversion.