Un-Audited Financial Results Q2'FY27

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)

Scrip Code: 532662 (Equity) Trading Symbol: HTMEDIA

Dear Sir/Madam,

This is to inform that the Board of Directors of the Company at its meeting held today, i.e. 5th 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/.

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,

Kapoor

Manhar

Digitally signed by Manhar Kapoor

Date: 2026.11.05

12:47:05 +05'30'

(Group General Counsel & Company Secretary) Encl.: As above

Corp. office: 5th Floor, Lotus Tower, A Block, Community Centre, New Friends Colony,

New Delhi- 110025

Ph.: 011-66561234

Cha rtered Accountants

67, Institutional Area

Sector 44, Gurugram - 122 003 Haryana, India

Tel: +91 124 681 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

1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of HT Media Limited (the "Holding 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 1, 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, 2015, 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 principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 20 13 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 Holding 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 ofIndia. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free ofmaterial misstatement. A review of interim financial information consists of making inquiries, 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.

   We also performed procedures in accordance with the Master Circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable.

   1. Holding Company - HT Media Limited

   2. Subsidiaries:

      1. Hindustan Media Ventures Limited

      2. HT Music and Entertainment Company Limited

      3. Next Mediaworks Limited

      4. Next Radio Limited

      5. Mosaic Media Ventures Private Limited

      6. HT Overseas Pte. Limited

      7. HT Noida (Company) Limited

   3. HT Media Employee Welfare Trust

Guru ram

1. 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 Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information

   Rcgd OMcc 22. CanJac Street. Block 'B". 3rd Floor. KoiKa!•a-six I II In,

   S.R. BATLIBOi a Co. LLP

   C tiartered 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.

2. 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 fNR 1,310 lakhs as at September 30, 2026 and total revenues of INR Nil and INR Nil, tout net profit after tax ofINR Nil and INR Nil and total comprehensive jncome of JNR 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 from April 1, 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 anditor.

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 fNR 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 1, 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 out conclusion on the Statement, in so far as it relates to the amounts and disclosures in respect 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 financial 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 generally 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 respect of matters stated in para 6 above is not modified with respect to

Chartered Accountants

ICAI Firm registration Jr: 30 1003E/E300005

ybOig

s

@ Gurugram

per Vishal Sharma Parmer

Membership No.: 096766

UDP:2GeQ6 TDLt#

Place: Gurugram

Date: November 05, 2026

* Beler Note 9

Notes :

These un-audited consolidated financia) results comprise HT Media Limited ("the Company") arjd its subsidiaries (as tated below} [hereinafter referred to as "the Group"] and the Group's interest in joint venture (HT Content Studio, LLP) wlnJch 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 OHT Overseas)

Next Mediaworks Limited (NMWL)

Next Radio Limited (NRL)

HT Noida (company) Limited (HTNL)

Mosaic Media Ventures Private Limited (MMVPL)

2 The above un-audi1ed consolidated financial results for the quaner and six months ended September 30, 2026 were reviewed and recommended by the Audit Committee and approved by the Ooard 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, Z015, as amended and have issued an unmodified re'view conclusion.

The un-audited consolidated financial results ha've been prepared in accordance witfj the Indian Accounting Standards ('Ind AS') prescribed under Section 133 of the Companies Act, 2023 read witfi Companies (Indian Accounting Standards} Rules, 2015 as amended from time to time.

1. 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.htmedia.in". The key standalone financial informa1ion for the quarter and six months ended September 30, 2026 are as under :

   {INR in Lakhs)

   Reyenuefromoperations Loss before tax		September 30, 2026 Un-audited 24,354 (J,368}	Quarter ended June 30, 2026 Un-audited 23,55d (t,249)	September 30, 2025 Un-audited 24,442 l4,504)	Six Months ended September 30, 2026 September 30, 7025 Un-audited Un-audited 47,905 46,652 }2,637) (7,590}	¥ear ended March 3t, 2026 Audited 1,03,167 (4,369]
   Loss after tax		(i,593)|	(y96||	(5,111}	{2,389j I6,372}|	t12.757}
   Totalcomprehensiveloss	|	(i,576)	(580}|	(4,936}	(2,156]| (6,058)|	(T1,82S)

2. The certificate of CEO and CFO in terms of Regu|arion 33 of SEBI (LODA), in respect of the above results has been placed before the Board of Directors.

   • Out of the hand 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, p|ant 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.

During the half year ended September 30, 2026, exceptional item from continuing operations represents:

Net exceptional gain of INR 318 Lakhs in relation to surrender of specific radio licenses filed wich MI8. It comprises of gain on lease termination, impairment ol radio business assets and contractual obligations.

On March 26, 2026, the Board of Directors of HMVL had taken derision in relation to discontinuation of OTTplay business with effect from March 3t, 2026 (new OTTplay subscription packs were not offered from March 32, 2026). Accordingly, financial results for the quarter and six months ended September 30, 202'2 have been presented in accordance with ind AS POS "Non•current Assets Held for Sale and Discontinued Operations™.

The financial results ol Discon1inued Operations are as follows :

(INR in Lakhs)

The net cash flows from discontinued operations:

IO The standalone financial results of HTNL, HOME and NMWL have been prepared on a basis that the entity is not a going concern (although HTNL and HTME have a posJtive net worth and net working capital position as on $eptember 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 pre'vaiItng circumstances.

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.

iz On August 20, 2026, pursuant ro 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 INh 2,382 Lakhs, being 25% of the Warrant Jssue 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 jNR 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.

Additional disclosure as per Regulation 52(4) of the Securities and Exchange Board of India tListing Obligations and Oisclosure Requirements) Regulations, 2015, as amended:

The Commercial Papers of' the Group outstanding {face value) as on September 30, 2O26 were inR zo,ooo Lakfis.

ii) 0 ther disclosures :

b

Note : Above ratios have been computed at an aggregate level (comprising of continuing and discontinued operations)

14 Consolidated Balance Sheet as at September 30, 2026 Is even below:

(

(

(

(

** f'let of Equiry Shares of 1NR 29 Lakhs (Previous year INR 29 Lakhs} held dy HT Media I2mployee Welfare Trust

U Statement of segment information for the quarter and six montfis ended September 30, 2026

{INR jn Lakhs)

* Refer note 9

Note•

a) Unallocated figures relates to segments which do not meet criteria of Reportable Segment as per And AT 108- Operating Segments. Segment revenue, segment results, segment assets and segment |iabiIities include the respective amounts identifiable to each of the segments. Unallocable income and expense include income earned and expense incurred on unallocable assets and liabilities respectively.

b} NJnallocated assets and liabilities includes assets and liabilities pertaining to discontinued operation.

Gurugram

c) During the quarter and year ended March 31, 2026, the Group has classified GST balances under unallocated segment as these do not form pan of the individua] segments reviewed by the Chief Operating Decision Maker. The comparative period figures for period ended September 30, 202fi have been reclassified accordingly to ensure comparabiltty

16. Consolidated Statement of casfi flows for the six months ended September 30, 2026 is given below:

Paniculars

Cash flows from operating activities

Profit before tax from continuing operations Loss before tax from discontinued operations Proft/ {Loss) before taz

Depreciation and amonisation expense

Profit on sale of property, plant and equipment and intangible assets, assets held for safe, investments and investment properties (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/finance 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 doubtful receivables and advances Rental income

Share of profit of joint venture (accounted for using equity methodj[refer note 1]"

Exception al item net (gain}/Ioss from continujng operations

Cash flows from/ {used in) operating aMivities before changes in following assets and liabilities Changes in operating assets and /iofii/iries

(Increase)/ decrease in trade and other receivables Increase in inventories

Increase in current and non-current financial assets and o1her current and non-current assets

Increase/(decrease) in current and non-current financial liabilities and other curren I and non-current Iiabilities and provisions

Cash flows from/ (used in) operations Income taxes refund/(paid) (net)

Net cash flows used in operating activities IA) Cash flows from investing activities

Payment for purchase of property, plant and equipment, intangible assets and capital work in progress

Proceeds from sale of property, plant and equipment & intangible assets including assets held for sale Purchase of investment propenies

Proceeds from sale of investment properties

Purchase oF investments.in equity instrument and warrants, preference shares and de6t instruments Proceeds from sale of investments in equity instrument and warrants, preference shares and debt instruments

Inter corporate deposits refund

Finance income from investment and other interest received Deposits made

Rental income

Net cash flows from/ {used in) investing activities {e)

Cash tlows from financing activities Proceeds from borrowings Repayment of borrowings Settlement of derivative (gainj

Money received against slyare warrants Interest paid on debt and borrowings Payment of interest portion of lease liabilities Repayment of lease liabilities

Net cash flows from/ (used in) financing activities {C )

Set increase/(decreasej in cash and cash equivalents (D- A+B+C) let foreign exchange gain (E)

Cash and cash equivalents at the beginning of the period Adjustment on initial application of amendments on I A prid 2026 ""

Cash and cash equivalents at the beginning of the period (restated) [F]

Cash and cash equivalents at period end {D+E+fi)

" iNR less than 50,000/- has been rounded off to Nil

Period ended September 30, 7020

Un-audited

t1,098 (982j 1O,136

3,908

(772

(49) (4,8d1) (30)

(5,506)

(2,534)

(60)

2,812

Z7 919 (3Q5)

{318)

(2,392)

(3,207)

{1,544}

8y1

(411

382

8,554

(2,601)

2,221

5,373

(2)

305

17,789

1,96,737 (2,0S,686j

zs6

2,3gy

(2,443)

(425)

(938)

27

5,047 (Z,?70) 2,777

Period ended September 30, 7025

Un-auditec (Refer Note 9

1,876

(4,406)

(Z,53O}

4,830 (T,234}

(184

(193

(1,856}

(61

2,939

446

662

39

1,101 (1,089j (1,134)

4,339

(1,138)

(y3gj

(1,500)

1,873

(5,914]

6ss

(26,794)

23, J61

877

(1so 155

(6,317}

1,86,747

(1,75,091

{2,504)

(564

(795

7,793

y3y

56

4,155

4,948

*" On account of ame No ind AS 109 'financial Instruments' in relation to derecognition of financials @ñ@i@/ liability.

{INR Lakhs)

For and on behalf of the Board of Directors

New Delhi November 5, 20Z6

Shobhana Bhartia Chairperson & EditoriaI Director

Co. LLP

67, Institutional Area

Sector 44, Gurugram - 122 003

Haryana, India

Tel: +91 J24 68t 6000

Review Report to

1. 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) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 20 13 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 information consists of making inquiries, 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. 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 ofthe Companies Act, 20 13 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 Oil and INR Nil, total net profit after tax of INR 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 fiows of INR Nil for the period

S.R. BATLlBOl & TO. LI.P

Chartered Accountants

from April 0 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 information of this trust have been furnished to us, and our conclusion on the Statement, in so far as it relates to the amounts 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: 301003E/E300005

per Vishal Sharma Partner

Membership No.: 096766

Place: Gurugram

Date: November 05, 2026

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.

The un-audited standalone 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.

1. 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.

2. 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.

3. 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.

4. Other expenses for the half year ended September 30, 2026 includes INR 198 Lakhs arising from fair value movement in respect of financial instruments.

5. During the ha|f 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".

6. 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".

7. On August 20, 2026, pursuant to the approval of the members of the Company, receipt of in-princip|e 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.

Additional disclosure as per Regulafion S2I+) of the Securities and Exchange Board of India (Listing Obligations and Oisclosure Requirements) Regulations, Z0T'2. as amended: The Commercial Papers of the Company outstanding place valve) as on September 30, 2026 were ifJR 30,000 Lakhs.