Pruthvi Broadcasting Services Private Limited, a promoter entity of GTPL Hathway Limited, has filed a mandatory declaration with stock exchanges confirming no encumbrance on its shareholding during the financial year 2025-26. The declaration was submitted to both BSE Limited and National Stock Exchange of India Limited on April 02, 2026.

Regulatory Compliance Declaration

The declaration was made under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to disclose any encumbrance created on shares of the target company during a financial year.

Company Details and Authorization

Pruthvi Broadcasting Services Private Limited operates under CIN U64100GJ2004PTC043652 with its registered office located at 155, Parshwanathnagar Chandkheda Co op Housing Society, near ONGC Laboratory, Ahmedabad, Gujarat. The declaration was signed by Paramveersinh Anirudhsinh Jadeja, Director of the company, bearing DIN 07685531.

Encumbrance Declaration Specifics

The promoter entity has categorically stated that no encumbrance was created on GTPL Hathway Limited shares held by the company, either directly or indirectly, at any time during financial year 2025-26. This declaration provides transparency regarding the clean status of promoter shareholding without any pledging, hypothecation, or other forms of security creation.

Stakeholder Communication

Copies of the declaration were forwarded to key stakeholders including the Company Secretary and Audit Committee of GTPL Hathway Limited at their registered office in Ahmedabad. This ensures comprehensive communication across all relevant corporate governance channels and maintains regulatory compliance standards.

GTPL Hathway Limited has released the complete transcript of its Post Results Conference Call for Q4FY26 and FY26, providing detailed insights into the company's performance challenges and strategic initiatives. The call, held on April 16, 2026, addressed the company's first quarterly loss and outlined future growth strategies.

Key Financial Performance Metrics

The company reported disappointing financial results for Q4FY26, marking an exceptional quarter with negative profit after tax. The management outlined three primary factors contributing to this decline during the earnings call.

Factors Behind Negative PAT

Business Head and Chief Strategy Officer Piyush Pankaj explained the three main factors impacting profitability. Revenue impact from lower operating days and marginal subscriber decline resulted in approximately INR12 crores impact. Year-end accounting adjustments, including conservative provisions and impairments, contributed INR7.5 crores to the loss.

The most significant impact came from forex losses of INR9 crores due to INR depreciation linked to geopolitical developments in the Middle East, particularly affecting the company's Headend-In-The-Sky platform contracts denominated in USD.

Subscriber Base and Market Position

The company maintained its position as the country's largest MSO while facing subscriber base challenges across both business segments.

Strategic Focus on HITS Platform

Managing Director Anirudhsinh Jadeja emphasized the company's focus on launching and scaling GTPL Infinity, their HITS platform, to improve operational speed, ground implementation, and cost efficiency. The management indicated that the muted subscriber growth was intentional as resources were concentrated on implementing the new platform rather than aggressive acquisitions.

Future Growth Strategy and Market Opportunities

The management outlined significant growth opportunities in the Indian market, highlighting that television household penetration stands at around 60% and is expected to reach 65% by 2030. With 332 million households in India, only 193-194 million are TV households, leaving substantial room for expansion.

Pankaj detailed the consolidation strategy, noting that approximately 40-45 million subscribers remain with smaller MSOs who face challenges adapting to changing technology and quality requirements. The company plans aggressive consolidation activities following the HITS platform implementation.

Capital Expenditure and Investment Plans

CFO Saurav Banerjee reported total capex of INR290 crores for the year, with INR110 crores in broadband and INR180 crores in cable and HITS. The company projects capex of approximately INR350 crores annually for the next few years, split between INR150-160 crores for broadband and the remainder for cable and HITS operations.

Despite the challenging quarter, the Board of Directors recommended a dividend of 20% of face value (INR2 per share), maintaining the company's consistent dividend policy from the last nine years. The company maintains a healthy balance sheet with a debt-to-equity ratio of 0.18 times and positive free cash flow for the financial year.