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Hindustan Media Ventures Ltd.

BSE: 533217 Sector: Media
NSE: HMVL ISIN Code: INE871K01015
BSE 11:43 | 28 Oct 77.10 -0.20
(-0.26%)
OPEN

77.15

HIGH

78.45

LOW

76.00

NSE 11:37 | 28 Oct 77.35 0.45
(0.59%)
OPEN

78.00

HIGH

78.50

LOW

76.65

OPEN 77.15
PREVIOUS CLOSE 77.30
VOLUME 10293
52-Week high 107.00
52-Week low 47.90
P/E 13.77
Mkt Cap.(Rs cr) 568
Buy Price 76.95
Buy Qty 36.00
Sell Price 77.30
Sell Qty 26.00
OPEN 77.15
CLOSE 77.30
VOLUME 10293
52-Week high 107.00
52-Week low 47.90
P/E 13.77
Mkt Cap.(Rs cr) 568
Buy Price 76.95
Buy Qty 36.00
Sell Price 77.30
Sell Qty 26.00

Hindustan Media Ventures Ltd. (HMVL) - Chairman Speech

Company chairman speech

Dear Shareholders

The year gone by was extremely challenging and marked by multiple headwinds. Theoutbreak of the pandemic and the lockdowns imposed in its wake affected lives andlivelihoods across the country. As a direct result of the pandemic the Media &Entertainment industry was also impacted. Consumer investor and business confidenceplunged and companies turned cautious and focused on cost optimisation. This had a directbearing on advertising spends during the year.

Through these challenging times Hindustan Media Ventures Limited (HMVL) continued towork on being the credible and reliable face of journalism. We took numerous initiativesto mitigate the impact of the disruption caused by COVID-19 on the Company. With thegradual lifting of lockdown restrictions during the year and the consequent resumption ofeconomic activity our business has started its journey towards normalcy. In line withthis advertising revenue has witnessed sequential growth. Despite a tough environment wehave been able to deliver positive EBITDA for the year on account of prudent costoptimisation strategies. Circulation too has bounced back over the course of the year.

Through Hindustan our leading Hindi news daily we continued to provide our readerswith insightful useful and informative content. The fact that rural areas remainedcomparatively less affected by the virus during the first wave of the pandemic helpedregional language media remain relatively insulated from the economic havoc witnessed inlarger cities.

The Company is geared to explore new perspectives for progress (Tarakki ka nayanazaria). Throughout the year we strove to acquire new customers promote brandawareness encourage consumer engagement drive affinity for our brand and buildorganisation structures and processes to adapt to a changing business environment. Withthe Covid-19 outbreak we initiated public awareness campaigns to inform readers about thesafety measures implemented across the newspaper supply chain.

At HMVL we deeply value our employees and their contribution towards fulfillingorganisational objectives. We are grateful for their hard work determination andcommitment to take the Company to greater heights. As a part of the essential servicessector our employees worked constantly and diligently during the pandemic providingaccurate and timely information and news to our readers. We continue to undertake measuresthat are aimed at safeguarding their interests as well as health in the toughest of timesranging from a calibrated transition towards remote working to organising vaccine drivesfor employees and their families.

Going forward the M&E industry is expected to sharply rebound in coming years. Weexpect the regional language print segment to remain relevant and significant within thelarger media industry and are focusing our attention to the imminent needs of our readers.We remain optimistic about the times to come and expect a recovery sooner rather thanlater.

I would like to extend my gratitude towards the Board of Directors our shareholdersand our employees for their relentless effort and sincere support. I believe thecornerstone of our success lies in the ingenuity competence and determination of ourpeople as well as proficient management that sincerely endeavours to anticipate emergingtrends and shows flexibility in response to changes in the market.

Lastly I remain thankful to our advertisers and loyal readers for their continuoustrust in our abilities to chart new avenues of progress.

Regards

Shobhana Bhartia

Chairperson

.