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Hindustan Media Ventures Ltd.

BSE: 533217 Sector: Media
NSE: HMVL ISIN Code: INE871K01015
BSE 00:00 | 30 Oct 50.25 0.35
(0.70%)
OPEN

53.40

HIGH

53.40

LOW

50.25

NSE 00:00 | 30 Oct 50.30 0.30
(0.60%)
OPEN

50.00

HIGH

51.00

LOW

49.55

OPEN 53.40
PREVIOUS CLOSE 49.90
VOLUME 11
52-Week high 92.00
52-Week low 35.50
P/E 4.82
Mkt Cap.(Rs cr) 370
Buy Price 48.50
Buy Qty 1.00
Sell Price 53.30
Sell Qty 100.00
OPEN 53.40
CLOSE 49.90
VOLUME 11
52-Week high 92.00
52-Week low 35.50
P/E 4.82
Mkt Cap.(Rs cr) 370
Buy Price 48.50
Buy Qty 1.00
Sell Price 53.30
Sell Qty 100.00

Hindustan Media Ventures Ltd. (HMVL) - Chairman Speech

Company chairman speech

A sharp focus on local news in addition to the broad sweep of national affairs amodern and fresh outlook and a contemporary design have made Hindustan a ‘thoughtleader' in the industry.

Dear Shareholders

The Indian economy continued to remain the fastest growing major economy in the worldwith a 6.8% growth in FY'19. Much of the economic activity was driven by strong domesticdemand and supported by a stable GST regime and the continuing positive effects ofreforms.

Increasing disposable income in the hands of the middle and aspirational classes hasprovided a boost to the Media and Entertainment (M&E) industry which is growingfaster than the GDP. The industry is anticipated to grow at a CAGR of 12% and reach H2.35trillion by 2021 with print still remaining the second largest component (after TV).

Our flagship Hindi daily ‘Hindustan' has successfully anchored itself in the mindsof the readers and is expected to grow further while maintaining its leadership position.Hindustan won the ‘Brand Excellence in Print Media' award for its key campaign‘Aao Rajneeti Karein – UP elections' reflecting the brand's continuing emphasison socially relevant issues. A sharp focus on local news in addition to the broad sweepof national affairs a modern and fresh outlook and a contemporary design have madeHindustan a ‘thought leader' in the industry. Our magazines Nandan and Kadambinicontinue to engage readers capturing a significant share in the market.

The print business and the larger print industry witnessed turbulence on account of asharp increase in raw material prices due to global demand-supply imbalances and loweradvertising spends as customers get used to larger policy changes that will provebeneficial in the long-term. However we were able to soften the impact of this throughvarious initiatives and by opening up new revenue streams such as events.

I firmly believe that our people are the most important asset of our company. We thriveon their creativity hard work and innovation. We encourage diversity in our workforce andstrongly believe in building careers. Our sustained effort has been on the creation of abetter and healthier organisation structure to foster employee motivation and also tapemerging business opportunities.

As we approach the next year we are equipped with a positive outlook for HMVL. We aimto continue to drive advertising revenue by providing relevant media solutions to ourclients. The industry and Hindustan has also started looking at circulation revenue.

We have also started initiatives to better understand our position in the market andclose gaps wherever necessary. We continue to invest in key markets to boost ourcirculation base.

On behalf of the entire leadership team of the company I take this opportunity tothank all our people for their support. I would also like to thank our investors for theirfaith in us and Board of Directors for their strategic guidance. We aim to remainsteadfast in our goals to invest in the future while creating long term value for all ourstakeholders

Thanking you

Shobhana Bhartia

Chairperson

.