Interim report
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Corp. office: 5th Floor, Lotus Tower, A Block, Community Centre, New Friends Colony, New Delhi- 110025 Ph.: 011-66561234 5th November, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Dalal Street Plot No. C/1, Block G, Mumbai- 400 001 Bandra-Kurla Complex, Bandra (East) Mumbai- 400 051 Scrip Code: 532662 (Equity) Trading Symbol: HTMEDIA Subject: Outcome of the Board Meeting held on 5 th November, 2026 and Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) Dear Sir/Madam, This is to inform that the Board of Directors of the Company at its meeting held today, i.e. 5 th November, 2026 (which commenced at 12:00 P.M. and concluded at 12:45 P.M.) has, inter- alia, transacted the following business: - 1. Approved the Un-Audited Financial Results (Standalone and Consolidated) (“UFRs”) of the Company for the quarter and six months ended 30th September, 2026 pursuant to Regulation 33 of SEBI Listing Regulations (enclosed herewith as Annexure); 2. Took on record the Limited Review Report of M/s S.R. Batliboi & Co. LLP, Chartered Accountants (Statutory Auditors) on the above UFRs (enclosed herewith as Annexure); This information is also being uploaded on the website of the Company i.e. https://www.htmedia.in/. = 1111r HT MEDIA LIMITED Regd. Office : Hindustan Times House 18·20, Kaslurba Gandhi Marg New Delhi · 110001 Tel.: 66561234 Fax : 66561270 www. hi ndu sta ntime s. com E•mail: corporatedept@hindustanlimes.com CIN: L22121DL2002PLC117874
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Corp. office: 5th Floor, Lotus Tower, A Block, Community Centre, New Friends Colony, New Delhi- 110025 Ph.: 011-66561234 You are hereby requested to take the above information on record. Thanking you, Yours faithfully, For HT Media Limited Manhar Kapoor (Group General Counsel & Company Secretary) Encl.: As above = 1111r HT MEDIA LIMITED Regd . Off ice : Hindustan Times House 18-20, Kaslurba Gandh i Marg New Delhi - 110001 Tel. : 66561234 Fax: 66561270 www .hindustantimes.com E-mail : corporatedepl@hindustantimes.com CIN : L22121DL2002PLC117874
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Annexure S.R. BArL1Bo1 & Co. LLP Chartered Accountants 67, Institutional Area Sector 44, Gurugram - 122 003 Haryana, India Tel: +91 124 68 I 6000 Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 and 52( 4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors HT Media Limited I. We have reviewed the accompanying Statement of Unaudited Consolida ted Financial Results of HT Media Limited (the "Ho lding Company") and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group") for the quarter ended September 30, 2026 and year to date from April I, 2026 to September 30, 2026 (the "Statement") attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 and 52(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations , 20 15, as amended (the "Listing Regulations "). 2. The Holding Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement princ iples laid down in Indian Account ing Standard 34, (Ind AS 34) " Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 20 13 as amended, read with relevan t rules issued thereunder and other accounting principles genera lly accepted in India and in compliance with Regulation 33 and 52(4) of the Listing Regulations. The Statement has been appro ved by the Holding Com pany's Board of Directors. Our responsibility is to express a conclus ion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financ ial Information Performed by the Independent Auditor of the Entity " issued by the Institute of Chartered Accountants of India. Th is standard require s that we plan and perform the revie w to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of mak ing inquiries , primarily of persons respons ible for financial and accounting matters , and app lying analytical and other review procedu res. A review is substant ially less in scope than an audit conduc ted in accordance with Standards on Auditing and consequently does not enab le us to obta in assurance that we would become aware of all sign ifican t matter s that might be ident ified in an audit. Acco rdingly, we do not express an audit op inion. We also perform ed procedures in accordance with the Master Circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulation s, to the extent applicab le. ~ 4_ The Statement include s the-resu lts of the following entities: ~~ i. Holding Company - HT Media Limited ii. Subsidiaries: a. Hindustan Media Ventures Limited b. HT Music and Enterta inment Company Limited c. Next Mcdiaworks Limited d. Next Radio Limited e. Mosaic Media Ventures Private Limited f. HT Overseas Pte. Limited g. HT Noida (Company) Limited iii. HT Media Employee Welfare Trust 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement , prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Compa nies Act, 20 I 3, as amended , read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information S.R. Batllbol & Co LLP. a limited Uabllity Partnership with LLP ldtntlty No. AA8·4294 Rcgd Office 22, CanlaC Street. Block 'B'. ,rd Floor Kolkata-700016
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S.R. BATLtBOt & Co. LLP Charte red Accountants required to be disclosed in terms of the Listing Regulations , including the manner in which it is to be disclosed , or that it contains any material misstatement. 6. The accompanying Statement includes the interim reviewed financial results and other financial information , in respect of one trust (HT Media Employee Welfare Trust) included in the standalone unaudited interim financial results and other financial information of the entities included in the Group , whose interim results reflect total assets of INR 1,310 lakhs as at September 30, 2026 and total revenues of INR Nil and lNR Nil, total net profit after tax ofINR Nil and INR Nil and total comprehensive income ofINR Nil and INR Nil, for the quarter ended September 30, 2026 and for the period ended on that date respectively, and net cash flows ofINR Nil for the period from April I, 2026 to September 30, 2026 as considered in the respective standalone unaudited interim financial results and other financial information of the entities included in the Group . The interim financial results and other financial information in respect of such trust has been reviewed by another auditor. The accompanying Statement includes the unaudited interim financial results and other financial information , in respect of one subsidiary, whose unaudited interim financial results include total assets of INR 674 lakhs as at September 30, 2026, total revenues of INR Nil and INR Nil, total net loss after tax of INR 3 lakhs and INR 6 lakhs and total comprehensive income of INR 15 lakhs and INR 16 lakhs, for the quarter ended September 30, 2026 and the period ended on that date respectively, and net cash inflows of INR 14 lakhs for the period from April I, 2026 to September 30, 2026, as considered in the Statement which have been reviewed by its independent auditor. The independent auditor's reports on interim financial results and other financial information of these entities have been furnished to us by the Management and our conclusion on the Statemen t, in so far as it relates to the amounts and disclosures in respec t of the trust and the subsidiary is based solely on the reports of such auditors and procedures performed by us as stated in paragraph 3 above. The subsidiary is located outside India whose financia l results and other financial information have been prepared in accordance with accounting principles generally accepted in its respective country and which have been audited by other auditor under generally accepted auditing standards applicable in its respective country . The Holding Company's management has converted the financial results of such subsidiary located outside India from accounting principles generally accepted in its respective country to accounting principles genera lly accepted in India. We have reviewed these conversion adjustments made by the Holding Company 's management. Our conclusion in so far as it relates to the balances and affairs of such subsidiary located outside India is based on the report of other auditor and the conversion adjustments prepared by the management of the Holding Company and reviewed by us. Our conclusion on the Statement in respec t of matters stated in para 6 above is not modified with respect to ~-ourre ltance 01rttre---work-done and-the-reports-of-the other-auditors,;-- For S.R. Batliboi & Co. LLP Chartered Accountants ICAI Firm registration ~ r: 301003E/E300005 N~~ per Vishal Sharma Partner Membership No.: 096766 Place: Gurugram Date: November 05, 2026
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■IIHT HT Media Limited CIN:- L22121DL2002PLC117874 Registered Office: Hindustan nmes House, 18-20, Kasturba Gandhi Marg, New Delhi - 110001, India Tel:- +911166561355 Corporate Office: 5th Floor, Lotus Tower, A· Block, Community Centre, New Friends Colony, New Delhi- 110025, India Tel: +9111 66561234 Website:- www.htmedia.in E-mail:-corporatedept@hindustantimes.com Un-audited Consolidated Financial Results for the quarter and six months ended September 30, 2026 (INR in Lakhs except earnings per share data) Statement of Un-audited Consolidated Financial Results for the quarter and six months ended September 30, 2026 SI. Quarter ended Six Months Ended Year ended No Particulars September 30, 2026 June 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025 March 31, 2026 Un-audited Un-audited Un-audited* Un-audited Un-audited• Audited Continuing Operations 1 Income a) Revenue from operations 44,159 43,730 43,086 87,889 82,462 1,80,331 b) Other income 6,012 5,966 4,690 11,978 8,620 16,805 Total income 50,171 49,696 47,776 99,867 91,082 1,97,136 2 Expenses a) Cost of materials consumed 12,545 11,674 10,778 24,219 20,959 43,041 b) Changes in inventories of finished goods, stock-in- (75) (11) 45 (86) (13) (33) trade and work-in -progress c) Employee benefits expense 9,489 9,879 10,461 19,368 21,537 41,922 d) Finance costs 1,372 1,497 1,545 2,869 3,014 6,034 e) Depreciation and amortisation expense 1,948 1,957 2,486 3,905 4,808 9,273 f) Other expenses (refer note 7) 19,454 19,158 19,534 38,612 38,862 82,364 Total expenses 44,733 44,154 44,849 88,887 89,167 1,82,601 3 Profit before share of profit of a joint venture, 5,438 5,542 2,927 10,980 1,915 14,535 exceptional items and tax from continuing operations (1-2] 4 Share of profit of a joint venture (accounted for using equity method) (refer note 1) 5 Profit before exceptional items and tax from 5,438 5,S42 2,927 10,980 1,915 14,535 continuing operations (3+4) 6 Earnings before finance costs, tax, depreciation and 8,758 8,996 6,958 17,754 9,737 29,842 amortisation expense (EBITDA) and exceptional items from continuing operations (3+(2d)+(2e)J 7 Exceptional items (net gain/ (loss)J from continui ng 118 (39) 118 (39) (11,423) operations (refer note 8) 8 Profit before tax from continuing operations (5+ 7) 5,438 5,660 2,888 11,098 1,876 3,112 9 Tax expense a) Current tax charge (refer note 11) 231 422 653 1,525 b) Deferred tax charge/(credit) 1,266 441 976 1,707 (465) (2,275) Total tax charge/(credit) from continuing operations 1,497 863 976 2,360 (465) (750] 10 Profit for the period after tax from continuing 3,941 4,797 1,912 8,738 2,341 3,862 operations Discontinued Operations 11 Loss before tax from discontinued operations (427) (555) (2,601] (982] (4,406) (10,096) (refer note 9] 12 Tax credit of discontinued operations (80) (109) (255) (189) (494) (1,327) 13 Loss for the period after tax from discontinued (347) (446) (2,346) (793) (3,912) (8,769) operations (11-12) 14 Profit/(loss] for the period from continuing and 3,594 4,351 (434) 7,945 (1,571) (4,907) discontinued operation s (10+13) 15 Other comprehensive income from continuing operations (net of tax] (a) Items that will not be reclassified to profit or loss (452) 374 493 (78) 278 776 (b) Items that will be reclassified to profit or loss 38 115 (131) 153 3 74 Other comprehensive income/(loss) from continuing (414) 489 362 75 281 850 operations (net of tax) (a)• (b) 16 Other comprehensive income from discontinued operations (net of tax) (a) Items that will not be reclassified to profit or loss 58 2 8 60 11 10 Other comprehensive income from discontinued 58 2 8 60 11 10 operations (net of tax) 17 Other comprehensive income/(loss) for the period (356) 491 370 135 292 860 from continuing and discontinued operations (net of tax] {15+16) 18 Total comprehensive income/(l ~ss) f IW\r'.l_~ 3,238 4,842 (64) 8,080 (1,279) (4,047) of tax) from continuing and disco ~•~ ~ - (14+17) ~ ,~ ~ oqi&~ 11-Ul'' f/_f: I~<?\ ,:r: ol I ; ;"'"''.:;~ I c{rr7 ~ * * ,# '(
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SI. Quarter ended Six Months Ended Year ended No Particulars September 30, 2026 June 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025 March 31, 2026 Un-audited Un-audited Un-audited* Un-audited Un-audited* Audited Net profit from continuing operations attributable to: - Owners of the Company 2,582 3,421 1,343 6,003 1,175 1,097 - Non-controlling interest 1,359 1,376 569 2,735 1,166 2,765 Net loss from discontinued operat ions attributable to: - Owners of the Company (258) (332) (1,746) (590) (2,911) (6,524) - Non-controll ing interest (89) (114) (600) (203) (1,001) (2,245) Net profit/(loss) from continuing and discontinued operations attrib utable to: - Owners of the Company 2,324 3,089 (403) 5,413 (1,736) (5,427) - Non-controlling interest 1,270 1,262 (31) 2,532 165 520 Othe r comprehe nsive income/(loss) from continuing and discontinued operations attributab le to: - Owners of the Company (240) 421 325 181 314 750 - Non-controlling interest (116 ) 70 45 (46) (22) 110 Total comprehensive income/( loss) from continuing and discontinued operations attributable to: - Owners of the Company 2,084 3,510 (78) 5,594 (1,422) (4,677) - Non-controlling interest 1,154 1,332 14 2,486 143 630 --19 Paid-up equ ity share capital# 4,655 4,655 4,655 4,655 4,655 4,655 (Face value - INR 2/- per share) 20 Other equity excluding revaluation reserve as shown in 1,57,326 the audited balance sheet 21 Earnings/(Loss) per share Not annualised Not annualised Not annualised Not annualised Not annualised (Face value - INR 2/- per share) Continuing operations Basic 1.12 1.48 0.58 2.60 0.51 0.47 Diluted 1.06 1.47 0.58 2.48 0.50 0.47 Discontinued operations Basic (0.11) (0.14) (0.75) (0.26) (1.26) (2.82) Diluted (0.11) (0.14) (0.75) (0.26) (1.26) (2.82) Continuing and discontinued operation Basic 1.00 1.34 (0.17) 2.34 (0.75) (2.35) Diluted 0.95 1.33 (0.17) 2.24 (0.75) (2.35) # Includes Equity Shares held by HT Media Employee 29 29 29 29 29 29 Welfare Trust (in INR Lakhs) • Refer Note 9 }... ft\ O OIA l.~1i,.>. J: 0 *
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Notes: 1 These un-audited consolidated financial results comprise HT Media Limited ("the Company") and its subsidiaries (as stated below) [hereinafter referred to as "the Group"] and the Group's interest in joint venture (HT Content Studio, LLP) which has been stricken out by MCA w.e.f. September 08, 2025. Subsidiaries: Hindustan Media Ventures Limited (HMVL) HT Music and Entertainment Company Limited (HTME) HT Overseas Pte. Ltd., Singapore (HT Overseas) Next Mediaworks Limited (NMWL) Next Radio Limited (NRL) HT Noida (Company) Limited (HTNL) Mosaic Media Ventures Private Limited (MMVPL) 2 The above un-audited consolidated financial results for the quarter and six months ended September 30, 2026 were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their respective meetings held on November 5, 2026. The Statutory Auditor have conducted a "Limited Review" of the above results pursuant to Regulation 33 and Regulation 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended and have issued an unmodified review conclusion. 3 The un-audited consolidated financial results have been prepared in accordance with the Indian Accounting Standards ('Ind AS') prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules, 2015 as amended from time to time. 4 The un-audited standalone financial results of the Company for the quarter and six months ended September 30, 2026 will be filed with BSE and NSE and are also available on Company's website "www.htmed ia.in". The key standalone financ ial information for the quarter and six months ended September 30, 2026 are as under: (INR in Lakhs) Quarter ended Six Months ended Year ended Particulars September 30, 2026 June 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025 March 31, 2026 Un-audited Un-audited Un-audited Un-audited Un-audited Audited Revenue from operations 24,354 23,551 24,442 47,905 46,652 1,03,167 Loss before tax (1,368) (1,249) (4,504) 12,617) (7,590) (14,369) Loss after tax (1,593) (796) (5,111) 12,389) (6,372) (12,157) Total comprehensive loss (1,576) (580) (4,936) (2,156) (6,058) (11,825) 5 The certificate of CEO and CFO in terms of Regulation 33 of SEBI (LODR), in respect of the above results has been placed before the Board of Directors. 6 - Out of the Land and Building classified as "Non- current assets held for sale" as at September 30, 2020, the Company has been able to dispose of substantial Land and Building and the Company has entered into agreement to sell the balance, which is valid as on date. Further, during the quarter ended September 30, 2026, additional Property, plant and equipment has been classified as "Non- current assets held for sale" due to outsourcing of printing work at certain units. - Out of the Investment property classified as "Non- current assets held for sale" as at March 31, 2026, the Company has been able to dispose of partial Investment property and the Company remains committed to its plan to sell the balance. Further, during the half year ended September 30, 2026, certain additional Investment property has been re-classified from "Investment property" to "Non- current assets held for sale". 7 Other expenses for the half year ended September 30, 2026 includes INR 198 Lakhs arising from fair value movement in respect of financial instruments . 8 During the half year ended September 30, 2026, exceptional item from continuing operations represents: Net exceptional gain of INR 118 Lakhs in relation to surrender of specific radio licenses filed with MIB. It comprises of gain on lease termination, impairment of radio business assets and contractual obligations. 9 On March 26, 2026, the Board of Directors of HMVL had taken decision in relation to discontinuation of OTTplay business with effect from March 31, 2026 (new OTTplay subscription packs were not offered from March 31, 2026). Accordingly, financial results for the quarter and six months ended September 30, 2025 have been presented in accordance with Ind AS 105 "Non-current Assets Held for Sale and Discontinued Operations". The financial results of Discontinued Operations are as follows : (INR in lakhs) Particulars Quarter ended Six months ended Year ended September 30, 2026 June 30, 2026 September 30, 2025 September 30, 2026 September 30, 202S March 31, 2026 Un-audited Un-audited Un-audited Un-audited Un-audited Audited Total Income (a) 283 707 2,142 990 3,981 9,664 Total Expenses (b) 710 1,262 4,743 1,972 8,387 18,744 loss before exceptional items and tax (427) (555) (2,601) (982) (4,406) (9,080) from discontinued operations (c = a-b) Exceptional items (loss) (d) - - - - (1,016) loss before tax from discontinued (555) operations (e = c+d) (427) (2,601) {982) (4,406) (10,096) The net cash flows from discontinued operations: (INR in lakh s) Six months ended Particulars September 30, 2026 September 30, 2025 Un-audited Un-audited Net cash flows used in operating activities (7,052) (3,324) 0 0 IA l.(-1i-.>. ,_ ~ J: 0 *
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10 The standalone financial results of HTNL, HTME and NMWL have been prepared on a basis that the entity is not a going concern (although HTNL and HTME have a positive net worth and net working capital position as on September 30, 2026), since, it does not have any business operations, operating cash flows and any definitive business plans. Accordingly, assets and liabilities of these entities have been stated at values that management expects to realise or settle under the prevailing circumstances. 11 During the half year ended September 30, 2026, tax expense includes current tax credit of INR 25 Lakhs arising from finalization of assessment for previous years. 12 On August 20, 2026, pursuant to the approval of the members of the Company, receipt of in-principle approvals from SSE Limited ("BSE") and National Stock Exchange of India Limited ("NSE"), and receipt of an amount of INR 2,382 Lakhs, being 25% of the Warrant Issue Price from the proposed allottees, the Share Allotment Committee of the Board of Directors of the Company approved the allotment of 3,87,87,137 warrants on a preferential basis at an issue price of INR 24.57 per warrant, aggregating to INR 9,530 Lakhs. The allotment comprised of 1,34,31,013 warrants to the Promoter ("Promoter Warrants") and 2,53,56,124 warrants to non-promoters ("Non-Promoter Warrants"). Each warrant entitles the holder to subscribe to one fully paid-up equity share of the Company of face value of INR 2 each, upon payment of the balance 75% of the Warrant Issue Price, in accordance with the applicable terms and conditions. O OIAl~-1;~ ,_ ~ :c 0 *
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13. Additional disclosure as per Regulation 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended: i) The Commercial Papers of the Group outstanding (face value) as on September 30, 2026 were INR 30,000 Lakhs. ii) Other disclosures: s. Quarter ended Six months ended Year ended No Particulars September 30, 2026 June 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025 March 31, 2026 Un-audited Un-audited Un-audited Un-audited Un-audited Audited 1 Net profit/{loss) after tax /INff in Lakhs) 2,324 3,089 (403) 5,413 (1,736) (5,427) Net profit/(loss) after tax & share of profit of joint venture (net of non controlling interest) 2 Earnings/(Lo ss) per share {in INR} • Basic 1.00 1.34 (0.17) 2.34 (0.75) (2.35) Earnings/ {Lass) per share {in INR} • Diluted 0.95 1.33 (0.17) 2.24 (0.75) (2.35) (not annualised except for year ended March 31, 2026) 3 Operating margin {%) 5.22% 5.57% -0.91% 5.40% ·3.90% 2.03% (Adjusted EBITDA / Revenue from operations) [Adjusted EBITDA = Earnings before finance costs, tax expenses, depreciation and amortisation expenses and exceptional items (excluding other income)) 4 Net profit/{loss} margin {%} 4.61% 6.13% -0.81% 5.37% ·l.83% ·2.62% [Net profit/(loss) after tax & share of profit of JV (net of non controlling interest/ Total Income)) 5 Interest Service Coverage Ratio (times) 4.65 4.33 1.21 4.48 0.17 1.90 (EBITDA • Depreciation and amortisation expense)/ Finance costs 6 Debt service coverage ratio (times} 0.11 0.09 0.03 0.21 0.01 0.16 (EBITDA Depreciation and amortisation expense)/ (Debt payable within one year+ Interest on debt) (not annualised exc~pt for year ended March 31, 2026) 7 Bad debts to account receivable ratio{%} 1.70% 0.50% 0.53% 2.22% 1.66% 3.19% (Allowances for bad and doubtful receivables for the period/ average trade receivables) (not annualised except for year ended March 31, 2026) 8 Debtors turnover ratio (in times) 1.06 1.10 1.12 2.15 2.17 4.73 (Revenue from operations/ average trade receivable) (not annualised except for year ended March 31, 2026) 9 Inventory turnover ratio (in times) 0.91 0.97 0.87 2.01 1.66 3.83 (Cost of goods sold /average Inventory) COGS = Cost of materials consumed + Purchases of stock-in-trade + Changes in inventories of finished goods, work-in-progress and stock-in-t rade (not annualised except for year ended March 31, 2026) 10 Capitol redemption reserve {in INR Lakhs) 2,045 2,045 2,045 2,045 2,045 2,045 11 Networth (in INR Lakhs} 1,65,465 1,63,122 1,63,502 1,65,465 1,63,502 1,59,905 [Networth is calculated as per the Companies Act, 2013 (excluding non controll ing interest)) 12 Debt-equity ratio /in times ) 0.28 0.35 0.34 0.28 0.34 0.33 (Total Debt/To tal Equity) (Total Debt = Debt comprises of current borrowings (including current maturi ties of long term borrowings), non-current borrowings and interest accrued on borrowings. Total Equity = Shareholders' Equity including non controlling interest) 13 Current ratio (in times) 1.30 1.16 1.13 1.30 1.13 1.11 (Current assets/ Current liabilities) 14 Current liability rotio (in times) 0.93 0.93 0.94 0.93 0.94 0.93 (Current liabilities/ Total liabilities) 15 Total debts to total assets (in times) 0.15 0.18 0.17 0.15 0.17 0.17 (Total debts/ Total assets) Total Debt ;; Debt comprises of current borrowings (including current matur ities of long term borrowings), non-current borrowings and interest accrued on borrowings. 16 Long term debt to working capital /in times} 0.01 0.04 0.25 0.01 0.25 0.14 (Non-current borrowings including current maturities of long-term borrowings/ Working capital) (Working capital = Current assets - current liabilities) 17 Outstanding redeemabl e preference shares {quantity and value) Note: Above ratios have been computed at an aggregate level (comprising of continuing and discontinued operations) 0 0\A l.(1i...>. ,_ tn J: 0 *
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14 Consolidated Balance Sheet as at September 30, 2026 is given below: (INR in Lakhs) Asat As at Particulars September 30, 2026 Marc h 31, 2026 Un-aud ited Audited A ASSETS 1 Non- current assets (a) Property, plant and equipment 19,523 22,004 (b) Capital work in progress 688 364 (c) Right-of -use assets 10,776 11,882 (d) Investmen t property 41,353 41,100 (e) Other intangible assets 4,914 5,394 (f) Intangible assets under developme nt - 281 (g) Investment in joint ventures - (accounted for using equity method) (refer note 1) (h) Financial assets (i) Investments 71,289 81,454 (ii) Loans 85 3,366 (iii) Other fin ancial assets 2,831 2,760 (i) Deferred tax assets (net) 15,943 17,573 (j) Non-current tax assets (net) 3,015 4,146 (k) Other non-curren t assets 529 943 Total non- current assets 1,70,946 1,91,267 2 Current assets (a) Inventories 13,611 10,404 (b) Financial assets (i) Investme nts 1,27,790 1,22,837 (ii) Trade receivables 43,125 39,550 (iii) Cash and cash equivalents 2,519 5,048 (iv) Bank balances othe r than (iii) above 158 56 (v) Other financial assets 5,938 5,401 (c) Other current assets 20,266 18,865 Total current assets 2,13,407 2,02,161 3 Non-current assets held for sale (refer note 6) 4,543 3,490 TOTAL ASSETS 3,88,896 3,96,918 B EQUITY AND LIABILITIES 1 Equity (a) Equity share capital** 4,626 4,626 (b) Other equity 1,65,300 1,57,326 Equity attributable to equity holders of parent 1,69,926 1,61,952 (c) Non-controlling interest 41,433 38,945 Total equity 2,11,359 2,00,897 2 liabilities Non-current liabilities (a) Financial liabilities (i) Lease liabili ties 7,443 8,874 (ii) Other financial liabilities 299 637 (b) Other non-current liabilities 315 375 (c) Contract liabi lities 380 571 (d) Provisions 4,325 3,957 Total non-current liabilities 12,762 14,414 Current liabilities (a) Financial liabilities (i) Borrowings 58,286 66,166 (ii) Lease liabilities 1,412 1,603 (iii) Trade payables a) total outstanding due of micro 1,036 940 enterprises and small enterprises b) total outstanding dues of creditors other 23,271 27,503 than of micro enterprises and small enterprises (iv) Other financial liabili t ies 59,037 62,086 (b) Other current liabilities 4,462 4,633 (c) Contract liabilities 14,704 16,227 (d) Provisions 2,223 2,449 (e) Income tax liability (net) 344 Total curr ent liabiliti es 1,64,775 1,81,607 Total liabiliti es 1,77,537 1,96,021 TOTAL EQUITY AND LIABILITIES 3,88,896 3,96,918 •• Net of Equity Shares of INR 29 Lakhs (Previous year INR 29 Lakhs) held by HT Media Employee Welfare Trust. ,._ t1\ O o\A l~1.i,,>; J: 0 *
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15 Statement of segment information for the quarter and six months ended September 30, 2026 (INR in Lakhs) Quarter Ended Six Months Ended Year Ended Particulars September 30, 2026 June 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025 March 31, 2026 Un-audited Un-audited Un-audited* Un-audited Un-audited* Audited 1 Segment revenue a) Printing & publishing of newspapers & 38,575 37,611 35,653 76,186 67,990 1,50,043 periodica ls b) Radio broadcast & entertainment 2,488 3,184 3,220 5,672 6,320 13,950 c) Digital 2,823 2,739 4,025 5,562 7,834 15,459 d) Unallocated 292 222 227 514 383 1,014 Total 44,178 43,756 43,125 87,934 82,527 1,80,466 Inter segment revenue (19) (26) (39) (45) (65) (135) Net revenue from continuing operations 44,159 43,730 43,086 87,889 82,462 1,80,331 2 Segment results a) Printing & publishing of newspapers & 2,184 3,650 2,186 5,834 2,266 15,168 periodica Is b) Radio broadcast & entertainment (210) (802) (1,115) (1,012) (2,522) (5,086) c) Digit al 61 (339) (133) (278) (447) (884) d) Unallocated (1,237) (1,436) (1,156) (2,673) (2,988) (5,434) Total (A) 798 1,073 (218) 1,871 (3,691) 3,764 Add: Share of profit of joint ventures - - (accounted for using equity method) [refer note 1] (B) Less: Finance cost (C) 1,372 1,497 1,545 2,869 3,014 6,034 Less: Exceptional items (net (gain)/loss) (D) - (118) 39 (118) 39 11,423 Add: Other income (E) 6,012 5,966 4,690 11,978 8,620 16,805 Profit before tax from continuing 5,438 5,660 2,888 11,098 1,876 3,112 operations (A+B-C-D+E) 3 Segment assets a) Printing & publishing of newspapers & 85,895 84,098 82,587 85,895 82,587 79,724 periodicals b) Radio broadcast & entertainment 14,635 16,235 26,434 14,635 26,434 17,238 c) Digital 1,147 1,101 2,425 1,147 2,425 1,446 Total segment assets 1,01,677 1,01,434 1,11,446 1,01,677 1,11,446 98,408 Unallocated 2,87,219 2,95,644 2,89,315 2,87,219 2,89,315 2,98,510 Total assets 3,88,896 3,97,078 4,00,761 3,88,896 4,00,761 3,96,918 4 Segment liabilities a) Printing & publishing of newspapers & 1,10,016 1,03,709 1,04,114 1,10,016 1,04,114 1,06,317 periodicals b) Radio broadcast & entertainment 8,628 9,507 10,379 8,628 10,379 10,725 c) Digital 3,126 3,606 4,121 3,126 4,121 4,412 Total segment liabilities 1,21,770 1,16,822 1,18,614 1,21,770 1,18,614 1,21,454 Unallocated 55,767 74,526 78,481 55,767 78,481 74,567 Total liabilities 1,77,537 1,91,348 1,97,095 1,77,537 1,97,095 1,96,021 • Refer note 9 Note: a) Unallocated figures relates to segments which do not meet criteria of Reportable Segment as per Ind AS 108- Operating Segments. Segment revenue, segment results, segment assets and segment liabilities include the respective amounts identifiab le to each of the segments. Unallocable income and expense include income earned and expense incurred on unallocable assets and liabilities respectively. b) Unallocated assets and liabilities includes assets and liabilities pertaining to discontinued operat ion . c) During the quarter and year ended March 31, 2026, the Group has classified GST balances under unallocated segment as these do not form part of the individual segments reviewed by the Chief Operating Decision Maker. The comparative period figures for period ended September 30, 2025 have been reclassified accordingly to ensure comparability.
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16. Consolidat ed Stat ement of cash flows for the six months ended September 30, 2026 is given below: Particulars Cash flows from operating activities Profit before tax from continuing operations Loss before tax from discontinued operations Proft/ (Loss) before t ax Adjustment s for Depreciation and amortisation expense Profit on sale of property, plant and equipment and intangible assets, assets held for sale, investments and investment propert ies (net) Reversal of impairment of property, plant and equipment and investment properties Fair value of financial instruments through profit and loss Income from lease termination Interest/fi nance income from investments, assets given on finance lease and others Writeback of unclaimed balances and sundry deposits Income from government grant Interest expense Unrealised foreign exchange loss Allowances for bad and doubtf ul receivables and advances Rental income Share of profit of joint ventu re (accounted for using equity method)[refe r note 1]* Exceptional item net (gain)/loss from contin uing operations Cash flows from/ (used in) operating activities before changes in following assets and liabilities Changes in operating assets and liabilities (Increase)/ decrease in trade and other receivables Increase in inventories Increase in curren t and non-current financial assets and othe r current and non-current assets lncrease/{dec rease) in current and non-current financial liabilities and other current and non-current liabilities and provisions Cash flows from/ (used in) operation s Income taxes refund/ (paid) (net) Net cash flow s used in operating activitie s (A) Cash flow s from investing activities Payment for purchase of proper t y, plant and equipment, intang ible assets and capital work in progress Proceeds from sale of prope rty, plant and equipment & int angible assets including assets held for sale Purchase of investment properties Proceeds from sale of investme nt properti es Purchase of investm ents in equity instr ument and warrants, preference shares and debt instrumen ts Proceeds from sale of investments in equity instrument and warrants, preference shares and debt instrum ents Inter corporate deposits refund Finance income from investment and other interest received Deposits made Rental income Net cash flows from/ (used in) investing activiti es (BJ Cash flows from financing activities Proceeds from borrowings Repayment of borrowings Settlement of derivat ive (gain) Money received against share warrants Inte rest paid on debt and borrowings Payment of int erest portion of lease liabilities Repayment of lease liabili ties Net cash flo ws from/ (used in) finan cing activities (C ) Net increase/( decrease) in cash and cash equiva lents (D= A+B+C) Net foreign exchange gain (E) Cash and cash equivalents at the beginning of the period Adjustment on init ial application of amendments on 1 April 2026 •• Cash and cash equivalen t s at the beginning of the period (restated) [Fl Cash and cash equivalents at period end (D+E+F) Period ended September 30, 2026 Un-audited 11,098 (982) 10,116 3,908 (772} (49) (4,841) (30) (5,506) (2,534) (60} 2,812 27 919 (305) (118) 3,567 (2,392) (3,207) (1,544) {6,331) {9,907) 871 (9,036) (411) 382 (3,874) 3,554 (2,601) 12,942 2,121 5,373 (2) 305 17,789 1,96,737 (2,05,686) 256 2,382 (2,443) (425) (938) (10,117) (1,364) 22 5,047 (2,270) 2,777 1,435 (INR Lakhs) Period ended September 30, 2025 Un-aud ited (Refer Not e 9) r\TY) 1,876 (4,406) (2,530} 4,810 (1,234} (184) (193) (5,501) (1,856) (61) 2,939 446 662 (155) 39 {2,818) 1,101 (1,089} (1,134) 4,339 399 (1,138) (739) (1,500) 1,873 (5,914) 656 (26,794) 23,161 877 1,319 (150) 155 (6,317) 1,86,747 (1,75,091) (2,504) (564) (795) 7,793 737 56 4,155 4,155 4,948
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Particulars Components of cash and cash equivalents as at end of the period Cash and cheques on hand Balances with banks - on current accounts - on deposit accounts Total cash and cash equivalents Bank Overdrafts Cash and cash equivalents as per Cash Flow Statement New Delhi November 5, 2026 (INR Lakhs) Period ended Period ended September 30, 2026 September 30, 2025 I- \'t\ O OIAl~~ J: 0 * Un-audited Un-audited (Refer Note 9) 37 1,999 1,919 2,668 563 688 2,519 5,355 (1,084) (407) 1,435 4,948 For and on behalf of the Board of Directors ~ Shobhana Bhartia Chairperson & Editorial Director
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S.R. BATLtBot & Co. LLP 67, Institutional Area Sector 44, Gurugram - 122 003 Haryana, India Chartered Accountants Tel: +91 124 681 6000 Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 and 52(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors HT Media Limited I. We have reviewed the accompanying statement of unaudited standalone financial results of HT Media Limited (the "Company") which includes one Trust (HT Media Employee Welfare Trust) for the quarter ended September 30, 2026 and year to date from April 01, 2026 to September 30, 2026 (the "Statement " ) attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 and 52(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations "). 2. The Company 's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "I nterim Financial Reporting " prescribed under Section 133 of the Compan ies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 and 52(4) of the Listing Regulations. The Statement has been approved by the Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity " issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial info1mation consists of making inquirie s, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly , we do not express an audit opinion. 4. 5. Based on our review conducted as above and based on the consideration of the review report of other auditor of the trust referred to in paragraph 5 below, nothing has come to our attention that causes us to believe that the accompanying Statement , prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013 as amended , read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. The accompanying Statement of quarterly and year to date interim standalone financial results include the reviewed financial results in respect of one trust whose interim financial results and other financial information reflect total assets of INR 1,310 lakhs as at September 30, 2026, total revenues of INR Nil and INR Nil , total net profit after tax of INR Nil and INR Nil and total comprehensive income of INR Nil and INR Nil for the quarter ended September 30, 2026 and for the period ended on that date respectively , and net cash flows of INR Nil for the period S.R. Battibol & Co LLP, a Limited Llability Partnership with LLP Iden tity No. AAB·4294 Rcgd Office 22. Camac Su-ce1. Block ·e·. 3rd Floor. Kolkl11;i-700 016
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S.R. BATL1Bo1 & Co. LLP Chartered Ac:c:ountants from April O 1, 2026 to September 30, 2026, as considered in the Statement which have been reviewed by another auditor . The report of such auditor on interim financial results/financial informati on of this trust have been furnished to us, and our conclusion on the Statement , in so far as it relates to the amount s and disclosures included in respect of this trust, is based solely on the report of such auditor. Our conclusion on the Statement is not modified in respect of the above matter. For S.R. Batliboi & Co. LLP Chartered Accountants ICAI Firm registration number: 30 I 003E/E300005 ~ ~~ per Vishal Sharma Partner Membership No.: 096766 Place: Gurugram Date: November 05, 2026
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IIHT HT Media limited CIN:- L22121DL2002PLC117874 Registered Office: Hindustan Times House, 18-20, Kasturba Gandhi Marg, New Delhi -110001, India Tel:- +9111 66561355 Corporate Office : 5th Floor, Lotus Tower, A- Block, Community Centre, New Friends Colony, New Delhi-110025, India Tel: +911166561234 Website:- www.htmedia.in E-mail:-corporatedept@hindustantimes.com Un-audited Standalone Financial Results for the quarter and six months ended September 30, 2026 Statement of Un-audited Standalone Financial Results for the quarter and six months ended September 30, 2026 {INR in Lakhs except earnings per share data) Quarter ended Six months ended Year ended SI. Particulars September 30, 2026 June 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025 March 31, 2026 No. Un-audited Un-audited Un-audited Un-audited Un-audited Audited 1 Income a) Revenue from operations 24,354 23,551 24,442 47,905 46,652 1,03,167 b) Other income 805 1,297 1,448 2,102 2,769 7,278 Total income 25 159 24 848 25 890 50 007 49 421 110 445 2 Expenses a) Cost of materials consumed 5,871 5,204 5,153 11,075 9,973 21,091 b) Changes in inventories of finished goods, (69) 3 50 (66) 1 (28) work-in-progress and stock-in-trade c) Employee benefits expense 5,558 5,661 6,099 11,219 12,377 24,058 d) Finance costs 1,184 1,252 1,304 2,436 2,596 5,142 e) Depreciation and amortisation expense 1,457 1,456 1,768 2,913 3,419 6,684 f) Other expenses (refer note 6 and 7) 12,526 12,580 12,244 25,106 24,869 54,403 Total exoenses 26 527 26156 26 618 52 683 53 235 111350 3 Loss before exceptional items and tax (1,368) (1,308) (728) (2,676) {3,814) (90S) (1-2) 4 Earnings before finance costs, tax, 1,273 1,400 2,344 2,673 2,201 10,921 depreciation and amortisation expense (EBITDA) and exceptional items {3+2d+2e) 5 Exceptional items (net gain/(loss)) 59 (3,776) 59 (3,776) (13,464) (refer note 5) 6 Loss before tax (3+5) (1,368) (1,249) (4,504) (2,617) (7,590) (14,369) 7 Tax expense a) Current tax charge b) Deferred tax charge/(c redit) 225 (453) 607 (228) (1,218) (2,212) Total tax charge/(credit) 22S (453) 607 (228) (1,218) (2,212) 8 Loss for the period after tax (6-7) (1,593) {796) (5,111) (2,389) (6,372) (12,157) 9 Other comprehensive income (net of tax) a) Items that will not be reclassified to (4) 105 320 101 368 355 profit or loss b) Items that will be reclassified to prof it or 21 111 (145) 132 (54) {23) loss Other compre hensive income (net of tax) 17 216 175 233 314 332 (a)+ (b) 10 Total comprehensive loss for the period (net (1,576) (580) (4,936) (2,156) (6,058) (11,825) of tax)(8+9) 11 Paid-up equity share capital" 4,655 4,655 4,655 4,655 4,655 4,655 (Face value - INR 2 per share) 12 Other equity excluding revaluat ion reserves 47,479 as per the audit ed balance sheet 13 Loss per share Not annualised Not annualised Not annualised Not annualised Not annualised (Face value - INR 2 per share) Basic (0.69) (0.34) (2.21) (1.03) (2.75) (5.26) Diluted (0.69) (0.34) (2.21) (1.03) (2.75) (5.26) # Includes Equity Shares held by HT Media 29 29 29 29 29 29 Employee Welfare Trust (in INR Lakhs) ,_ ft\ 0 0\A(~~..>. J: 0 *
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Notes: 1 The above un-audited standalone financial results for the quarter and six months ended September 30, 2026 were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their respective meetings held on November 5, 2026. The Statutory Auditor of HT Media Limited ('the Company') have conducted a "Limited Review" of the above results pursuant to Regulation 33 and Regulation 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended and have issued an unmodified review conclusion. 2 The un-audited standalone financial result s have been prepared in accordance with the Indian Accounting Standards ('Ind AS') prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules, 2015, as amended from time to time. 3 As per Ind AS 108 - Operating Segments, the Company has three reportable Operating Segments viz. Printing & Publishing of Newspaper & Periodicals, Radio Broadcast & Entertainment and Digital. The financial information of these segments is. appearing in un-audited consolidated financial results prepared as per Ind AS 108. 4 The certificate of CEO and CFO in terms of Regulation 33 of SEBI (LODR), in respect of the above results has been placed before the Board of Directors. 5 During the half year ended September 30, 2026, exceptional item represents: - Net exceptional gain of INR 59 Lakhs in relation to surrender of specific radio license filed with MIB. It comprises of gain on lease termination, impairment of radio business assets and contractual obligations. 6 Other expenses for the half year ended September 30, 2026 includes INR 198 Lakhs arising from fair value movement in respect of financial instruments. 7 During the half year ended September 30, 2026, the Company invested INR 700 Lakhs in the equity shares of Mosaic Media Ventures Private Limited (subsidiary company) and provided net inter-corporate deposit (ICD) of INR 29 Lakhs out of which net impairment of INR 373 Lakhs has been charged to other expenses towards "impairment of investment in subsidiaries and ICD given". 8 Out of the Investment property classified as "Non- current assets held for sale" as at March 31, 2026, the Company is able to dispose of partial Investment property and the Company remains committed to its plan to sell the balance. Further, during the half year ended September 30, 2026, certain additional Investment property has been re-classified from "Investment Property" to "Non- current assets held for sale". 9 On August 20, 2026, pursuant to the approval of the members of the Company, receipt of in-principle approvals from BSE Limited ("BSE") and National Stock Exchange of India Limited ("NSE"), and receipt of an amount of INR 2,382 Lakhs, being 25% of the Warrant Issue Price from the proposed allottees, the Share Allotment Committee of the Board of Directors of the Company approved the allotment of 3,87,87,137 warrants on a preferential basis at an issue price of INR 24.57 per warrant, aggregating to INR 9,530 Lakhs. The allotment comprised of 1,34,31,013 warrants to the Promoter ("Promoter Warrants") and 2,53,56,124 warrants to non-promoters ("Non-Promoter Warrants"). Each warrant entitles the holder to subscribe to one fully paid-up equity share of the Company of face value of INR 2 each, upon payment of the balance 75% of the Warrant Issue Price, in accordance with the applicable terms and conditions. ,_ tT\ O OIA l.~-1i,,>; J: 0 *
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10 Additional disclosure as per Regulation 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended: i) The Commercial Papers of the Company outstanding (face value) as on September 30, 2026 were INR 30,000 lakh s. ii} Other disclosures : Sr. Particulars Quarter ended Six months ended No. September 30, 2026 June 30, 2026 Septembe r 30, 2025 September 30, 2026 September 30, 2025 Un-audited Un-audited Un-audited Un-audited Un-audited 1 Loss ofter tax {INR In l.alchs} (1,593) (796) (5,111) (2,389) (6,372) 2 l.oss per shore (in INR} - Basic (0.69) (0.34) (2.21) (1.03) (2.75) -Diluted (0.69) (0.34) (2.21) (1.03) (2.75) lnot annualised exceot for vear ended March 31, 20261 3 Operating margin f"} 1.92% 0.44% 3.67% 1.19% (1.22%) (Adjusted EBITDA •/Revenue from operations) # (Adjusted EBITOA = Earnings before finance costs, tax expenses, depreciation and amortisation expenses and exceptional items {excluding other income}.) 4 Net loss margin (%} (6.33%) (3.20%) (19.74%) (4.78%) (12.89%) {Net loss after tax /Total Income} 5 Interest service coverage ratio (in times} (0,16) (0.04) 0.44 (0,10) (0.47) (EBITDA - Depreciation and amortisation expense/ Finance costs) 6 Debt service coverage ratio (in times} (0.00) (0.00) 0.01 (0.00) (0,02) (EBITDA - Depreciation and amortisation e>Cpense/ Debt payable within one year+ Interest on debt) not annualised e>Cceot for vear ended March 31 20261 7 Bad debts to account receivable ratio (%} 2.26% 0.51% 1.04% 2.79% 1.04% (Allowances for bad and doubtful receivables for the period/ average trade receivables) (not annualised except for year ended March 31, 2026) 8 Debtors turnove r ratio (in times} 0.90 0.89 0.93 1.79 1.76 (Revenue from operations/ average trade receivable) (not annualised except for year ended March 31, 2026) 9 Inventory turnover ratio (times} 0.62 0.62 0.59 1.34 I.I! (Cost of goods sold /average inventory) COGS= Cost of materials consumed + Changes in inventories of finished goods, work-in-progress and stock-in-trade (not annualised except for year ended March 31, 2026) 10 Capit ol redem ption reserve (in INR Lalchs} 2,045 2,045 2,045 2,045 2,045 11 Networth /in INR Lokhs) 30,953 32,550 39,025 30,953 39,025 {Networth is calculated as oer the Comoanies Act, 2013) 12 Debt-equity ratio (in times } 1.04 1.25 1.11 1.04 1.11 (Total debt/ Total equity) Total debt= Debt comprises of current borrowings (including current maturities of long term borrowings), non-current borrowings and interest accrued on borrowings. Total equity= Shareholders' equity 13 Current ratio (in times} 0.79 0.76 0.71 0.79 0.71 (Current assets/ Current liabilities) 14 Current liabiUty ratio (in times} 0.92 0.93 0.92 0.92 0.92 (Current liabilities/ total liabili ties) 15 Total debts to total assets (in times} 0.36 0.41 0.38 0.36 0.38 (Total debts/ total assets) Total Debt= Debt comprises of current borrowings (including current maturities of long term borrowings). non-current borrowings and interest accrued on borrowings. 16 Long term deb t to working capital (in times) (0,03) (0,05) (0.20) (0.03) (0,20) (Non-current borrowings including current maturities of long- term borrowings/ working capital) llWorkim z caoital = Current assets - current liabilitiesl 17 Outstanding redeemable preference shores (quantity and value) ,._, ft\ O OIA£.~~,>; J: 0 * Vear ended March 31, 2026 Audited (12,157) (5.26) (5.26) 3.53% (11.01%) 0.82 0.06 2.88% 3.78 2.63 2,045 33,250 1.18 0.74 0.92 0.38 (0.11)
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11 Stand alone Balance Sheet as at September 30, 2026 is given below: Particulars A ASSETS 1 Non-current assets (a) Property, plant and equipment (b) Capital work in progress (c) Right - of - use assets (d) Investment property (e) Int angible assets (f) Intangib le assets under development (g) Financial asset s (i) Investment in subsidiaries (ii) Other investments (iii) Loans (iv) Other financia l assets (h) Deferred tax assets (net) (i) Non-current tax assets (net) (j) Other non-current assets Total non-current assets 2 Current assets _(a) Inventori es (b) Financial assets (i) Investments (ii) Trade receivables (iii) Cash and cash equiv alents (iv) Bank balances other than (iii) above (v) Loans (vi) Other financial assets (c) Othe r curren t assets Total current assets 3 Non- current assets held for sale (refer note 8) TOTAL ASSETS B EQUITY AND LIABILITIES 1 Equity (a) Equity share capital• (b) Other equity Tota l equity 2 liabilities Non-current liabilities (a) Financial liabilities (i) Lease liabilities (ii) Other financia l liabilities (b) Othe r non-current liabilities (c) Contract liabilities (d) Provisions Total non-current liabilities Current liabilities (a) Financial liabiliti es (i) Borrowings (ii) Lease liabilities (iii) Trade payable a) total outstanding due of micro enterprises and small enterprises b) tot al outstan ding dues of creditors other than of micro ente rprises and small enterprises (iv) Other financial liabilities (b) Other curren t liabilities (c) Contract liabilities Asat September 30, 2026 Un-audit ed 13,542 640 6,429 17,050 3,440 - 10,54S 7,994 85 2,367 13,288 1,623 354 77,357 9,205 20,870 27,260 1,347 74 3 3,462 9,734 71,955 1,767 1,51,079 4,626 47,705 52,33 1 5,369 188 315 329 1,568 7,769 54,558 1,262 769 14,983 4,967 2,369 10,659 (INR in Lakhs) As at March 31, 2026 Audited 14,841 318 6,899 17,739 3,574 281 10,194 8,287 3,366 2,250 13,136 2,354 761 84,000 7,211 25,698 26,166 2,475 4 3,464 8,378 73,396 1,710 1,59,106 4,626 47,479 52,105 5,983 363 375 354 1,301 8,376 61,226 1,303 890 14,330 6,189 2,309 10,925 (d) Provisions 1------- ---1__,,_4_12-+-- ----- - - l-'-,4_5_3-l Total current liabilit ies 90,979 98,625 Total liabilit ies 98,748 1,07,001 TOTAL EQUITY AND LIABILITIES 1,51,079 1,59,106 ~ ~ ;t of equity shares of INR 29 Lakhs (previous year INR 29~oA,~ 1a Employee Welfare Trust. 0 ~ ~ ugrarn f I} I I 0 ---=~ -*-
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12 Standalone Statement of cash flows for the six months ended September 30, 2026 Particulars Cash flows from operating activities: Loss before tax: Adjustments for: Depreciation and amortisation expense Profit on sale of property, plant and equipment and intangible assets, assets held for sale, investments and investment properties {net) Impairment of property, plant and equipment, investment properties, investment in subsidiary and inter-corporate deposit Exceptional item (gain)/loss Fair value gain of financial instruments through profit and loss Income on lease termination Interest/finance income from investments, assets given on finance lease and others Income from government grants Writeback of unclaimed balances and sundry deposits Interest cost on debts and borrowings and lease liabilities Rental income Unrealised foreign exchange loss Allowance for bad and doubtful receivables and advances Cash flows from/(used in) operating activities before changes in following assets and liabilities Changes in operating assets and liabilities Decrease/{lncrease) in trade receivables Increase in inventories Increase in current and non-current financial assets and other current and non current assets Decrease in current and non-current financial liabilities and other current and non current liabilities & provision Cash flows used in operations Income taxes (paid)/refund (net) Net cash flows used in operating activities (A) Cash flows from investing activities: Purchase of property, plant and equipment & intangible assets, capital work in progress and intangible assets under development Proceeds from sale of property, plant and equipment & intangible assets including assets held for sale Purchase of investment properties Proceeds from sale of investment properties Purchase of investments in equity instrument and warrants, preference shares and debt instruments Proceeds from sale of investments in equity instrument and warrants, preference shares and debt instruments Purchase of investments in subsidiaries Rental income Refund of inter corporate deposits Inter corporate deposits given Finance income from investment and other interest received Deposits made Net cash flows from investing activities (B) Cash flows from financing activities: Repayment of lease liabilities Payment of interest portion of lease liabilities Proceeds from borrowings Repayment of borrowings Settlement of derivative (gain) Money received against share warrants Interest paid on debt and borrowings Net cash flows from/(used in) financing activities (C) Net increase/{decrease) in cash and cash equivalents (D= A+B+C) Period ended September 30, 2026 Un-audited (2,617) 2,913 (79) 369 (59) (78) (1,262) {60) (199) 2,406 (304) 47 746 1,823 (892) (1,994) (1,055) (203) {2,321) 731 (1,590) (387) 229 (32) 371 (855) 5,435 (700) 304 2,856 (765) 2,460 (1) 8,915 (883) (308) 1,75,965 (1,82,690) 256 2,382 (2,109) (7,387} (62) (INR in Lakhs) Period ended September 30, 2025 Un-audited (7,590) 3,419 (117) 3,776 (111) (93) (1,340) (60) (1,017) 2,569 (212) 492 274 (10) 3,743 (349) (1,295) (3,607) {1,518) (548) (2,066) (1,352) 436 (31) 426 (5,184) 5,197 (1,176) 212 1,470 (570) 707 135 (752) (383) 1,70,409 (1,64,161) (2,314) 2,799 868 Cash and cash equivalents at the beginning of the period 2,474 1,624 Adjustment on initial application of amendments on 1 April 2026• (1,092) • Cash and cash equivalents at the beginning of the period (restated) [El 1,382 1,624 Cash and cash equivalents at period end (D+E) 1,320 2,492 *On account of amendm~ Ind AS 109 'Financial Instruments' in relation to dezo;()O~ z.:~;; cial asset and financial liability .... ,\\)01 ~ l~T ;>; ~ / S I~ ;I [Jl I : Gurugram ~ !) ~--* __ ;- * ~
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Particulars Component s of cash & cash equi valent s as at end ofthe period Cash and cheques on hand Balances with banks - in current accounts Total cash and cash equivalents Bank overdraft Cash and cash equivalents as per Statement of cash flows New Delhi November 5, 2026 (INR in Lakhs) Period ended Period ended September 30, 2026 September 30, 2025 ,_ {\'\ O o\A l~-1i,...>i J: 0 * Un-audited Un-audited 6 1,064 1,341 1,431 1,347 2,495 {27) (3) 1,320 2,492 For and on behalf of the Board of Directors ~ Shobhana Bhartia Chairperson & Editorial Director