HT Media Ltd — Capital/Financing Update 2021

Apr 1, 2021

Ref: HTML/CS/02/2021 April 1, 2021

National Stock Exchange of India Limited Exchange Plaza, C-1 Block G. Bandra Kurla Complex, Bandra East Mumbai- 400051

BSE Limited 25th Floor, P J Towers Dalal Street Mumbai - 400001

Trading Symbol: HTMEDIA

Security Code: 532662

Dear Sirs,

Sub: Intimation of approval of Scheme of Amalgamation under the Companies Act, 2013 between two unlisted subsidiaries of HT Media Limited ('the Company')

This is to inform you that the Board of Directors of two subsidiaries of the Company namely, Syngience Broadcast Ahmedabad Limited ("Transferor Company or SBAL") and Next Radio Limited ("Transferee Company or NRL"), at the respective meetings held on 31st March, 2021 have considered and approved a draft Scheme of Amalgamation ('Scheme') under Sections 230 to 232 of the Companies Act, 2013 ("the Act") and other applicable provisions of the Act and rules made thereunder, in terms whereof, Transferor Company will be merged into Transferee Company.

The Scheme is conditional and subject to obtaining other necessary regulatory approvals under applicable laws, including approval of Hon'ble National Company Law Tribunal, Mumbai Bench.

This is for your information and record.