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(e) Details of shareholders holding more than 5% shares in the Company
Equity Shares As at
31 March, 2012
No. of shares
(No. in lacs)
% holding No. of shares
(No. in lacs)
HT Media Limited
As at
31 March, 2011
% holding
Equity shares of `2 each fully paid up
The Hindustan Times Limited, the holding company 1,617.55 68.83% 1,617.55 68.83%
As per the records of the company, including its register of shareholders/members and other declaration received from the
shareholders regarding beneficial interest, the above shareholding represents both legal and beneficial ownership of shares.
4. RESERVES & SURPLUS
Particulars As at
31 March, 2012
(` in lacs)
As at
31 March, 2011
Capital Reserve - "I" 408.98 408.98
Capital Reserve - "II" 7,488.60 7,488.58
Capital Redemption Reserve 2,000.00 2,000.00
Securities Premium Account
Balance as per last financial statements 39,353.36 40,118.80
Less: License fees amortised (Refer note 33) 767.52 765.44
Closing Balance 38,585.84 39,353.36
General Reserve
Balance as per last financial statements 4,640.00 3,300.00
Add: amount transferred from surplus balance in the statement of Profit and Loss 1,200.00 1,340.00
Closing Balance 5,840.00 4,640.00
Surplus in the statement of Profit and Loss
Balance as per last financial statements 58,305.06 42,869.33
Profit for the year 15,982.40 17,759.06
Less: Appropriations:
Proposed final equity dividend (amount per share `0.40 (Previous year `0.36) 940.08 846.08
Tax on proposed equity dividend 152.51 137.25
Transfer to general reserve 1,200.00 1,340.00
Net surplus in the statement of Profit & Loss 71,994.87 58,305.06
Total Reserves and Surplus 126,318.29 112,195.98
5. LONG-TERM BORROWINGS
Particulars As at
31 March 2012
(` in lacs)
As at
31 March 2011
Secured Loan
Term Loan from HDFC Bank 1,875.00 3,375.00
External Commercial Borrowing from Standarad Chartered Bank 5,245.89 6,897.51
TOTAL 7,120.89 10,272.51
1. Term loan from HDFC bank carries interest @ PLR minus 7.75% p.a. (Rate of Interest was linked to PLR for the first 2 years from
the date of first drawdown. Thereafter, the interest is reset by the bank on an annual basis). The loan is repayable in 20 quarterly
installments of `375 lacs each along with interest, from the date of disbursement, viz., 08th June, 2009 and 19th June, 2009. The
loan is secured by first pari passu charge on all movable fixed assets of the Company along with Term Lenders (except assets
financed out of the ECB from Standard Chartered Bank) and first pari passu charge by way of equitable mortgage of immovable
properties belonging to the Company situated at Greater Noida (Plot No. 8, Udyog Vihar, Greater Noida, Gautam Budh
Nagar - 201306). The loan is further secured by equitable mortgage by deposit of title deeds of immovable properties situated at
Noida (B-02, Sector 63, Noida - 201307) and Mohali (C-164/165 Phase VIII-B Industrial Focal Point, Mohali - 160059). The loan
is also secured by second charge on the current assets of the Company.
2. External Commercial borrowing from Standard Chartered bank carries interest @ 6 months USD Libor + 1.20% spread p.a. payable
semi annually.The loan is repayable in 3 annual installments of USD 5,155,670 each , after 4 years from the date of first drawdown,
viz., 8 April, 2008 i.e. at the end of 4th , 5th and 6th year. The total tenor of the loan shall not exceed 6 years from date of first drawdown.
The loan is secured by way of first and specific charge over certain movable plant and machinery of the HT Media Limited, i.e:
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