HT Media Limited has informed the Exchange about Closure of operations of Radio Licenses

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HTMEDIA · price

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Price reactionminutes from the announcement price · days from the prior close

-0.5%Reaction day

₹21.00

prior close

₹21.45

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.4%+0.9% vs market

Print Media peers, median of 5sector-1.1%+0.6% vs sector

On the reaction day the stock moved 0.9 pts more than Nifty Microcap 250 and 0.6 pts more than its Print Media peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

-0.5-1.4+0.9-1.1+0.6

Next day

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15d

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+27.6+14.0+13.7-0.2+27.8

UpDownMarket · Nifty Microcap 250Sector · Print Media peers, median of 5Pending

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AI summary

HT Media Limited and two subsidiaries (Next Radio Limited and HT Music & Entertainment Company Limited) have decided to voluntarily surrender their FM radio licenses issued by the Ministry of Information and Broadcasting. The affected stations are Radio 'Nasha' in Mumbai, Radio One in Delhi, Mumbai and Bangalore, and Radio 'Fever' in Chennai. All operations will cease by June 15, 2026. For FY25, these radio stations contributed Rs. 29.19 Crores in turnover (1.62% of consolidated revenue), but had a negative net worth of Rs. -172.08 Crores (-10.33% of consolidated net worth). The company cited financial and strategic unviability as the reason for the surrender.

Likely market impact

The closure removes a loss-making division with a negative net worth of over Rs. 172 crore from HT Media's consolidated books, which could be marginally positive for future earnings. However, the revenue contribution of just 1.62% means the direct stock price impact will be limited.