Disclosure under SEBI Takeover Regulations

Next Mediaworks Limited announced that its promoter, HT Media Limited, has submitted a disclosure under SEBI Takeover Regulations 31(4) and 31(5). The filing confirms that HT Media Limited has not encumbered, either directly or indirectly, any shares of Next Mediaworks Limited as of March 31, 2024. This regulatory update is significant for investors as it indicates the promoter's shares remain unpledged, suggesting a stable financial position regarding their stake in the company and no immediate pressure to raise funds by pledging shares.