According to exchange filings, both HT Media's and Digicontent Limited's boards of directors will convene on July 11 to deliberate on fund-raising options. The companies have announced these board meetings to consider various methods of raising capital through securities issuance, with the primary focus on assessing potential securities issuance to raise capital.
As reported by Business Standard and Digicontent Limited, the boards will evaluate multiple fund-raising routes including equity shares, convertible securities, bonds, and debentures. The companies have indicated that these securities may be issued through various methods such as a preferential issue, rights issue, or any other permissible method, or a combination thereof. This comprehensive approach suggests both companies are exploring multiple avenues for capital raising, with the primary focus being on securities issuance to raise capital.
According to the exchange filings, both proposed fund raises will be subject to regulatory and statutory approvals, including shareholders' approval. This regulatory framework ensures compliance with market regulations and stakeholder protection requirements for any securities issuance by the companies. The board's decisions will require approval from shareholders of both HT Media Limited and Digicontent Limited and adherence to statutory regulations.
The board meetings are being conducted in accordance with Regulation 29(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. As per the companies' Code of Conduct and SEBI regulations, the trading window for designated persons remains closed until 48 hours after the declaration of un-audited financial results for the quarter ending June 30, 2026. The intimation was formally signed by Shubham Jain, Company Secretary, on July 8, 2026 for both companies.
