GTPL Hathway shareholders approve ₹2 dividend for FY26 at 20th AGM
- Shareholders approved a ₹2 per share dividend for FY26 with 99.99% support
- All five AGM resolutions passed, including director re-appointments
- Promoter group voted 100% of their 8.43 crore shares in favour
- Non-institutional public shareholders voted only 4.77% of their holdings
*this image is generated using AI for illustrative purposes only.
GTPL Hathway Limited shareholders approved a dividend of ₹2 per equity share for FY26 during the company's 20th Annual General Meeting held on September 28, 2026. The meeting, conducted via Video Conferencing, also ratified the appointment of directors and auditors.
The meeting commenced at 12:30 pm and concluded at 1:00 pm. Ajay Singh, Chairman and Non-Executive Director, chaired the session. Anirudhsinh Jadeja, Managing Director, briefed members on business operations and performance for FY26, outlining the strategic way forward for the cable television and broadband services provider.
Resolutions passed by shareholders
All ordinary and special business items listed in the notice dated July 15, 2026, were passed with the requisite majority. The voting process included remote e-voting from September 24 to September 27, 2026, and electronic voting at the meeting. The scrutiniser's report confirmed that all resolutions were carried out with overwhelming support from both promoter and public shareholders.
| Resolution Item | Type | Status | Votes in Favour (%) |
|---|---|---|---|
| Adoption of standalone and consolidated financial statements for FY26 | Ordinary | Passed | 99.9991 |
| Declaration of dividend at ₹2 per equity share (face value ₹10) | Ordinary | Passed | 99.9993 |
| Appointment of Ajay Singh as Director retiring by rotation | Ordinary | Passed | 99.9982 |
| Ratification of Cost Auditors' remuneration for FY27 | Ordinary | Passed | 99.9983 |
| Re-appointment of Rajendra Dwarkadas Hingwala as Independent Director | Special | Passed | 99.9983 |
Voting participation and turnout
The voting results reveal a high level of engagement among institutional investors but relatively low participation from non-institutional public shareholders. Out of 28,968 shareholders on the record date (September 21, 2026), only 72 attended the meeting via video conferencing. No shareholders attended in person or through proxy.
The promoter and promoter group, holding 8,43,47,278 shares, cast votes on 100% of their holdings across all resolutions. Institutional public shareholders, holding 66,57,201 shares, voted on approximately 99.73% of their holdings. In contrast, non-institutional public shareholders, who hold 2,14,58,559 shares, voted on only 4.77% of their total holdings.
Governance and compliance details
The statutory auditors, secretarial auditor, and cost auditor representatives were present at the meeting. Chirag Shah or Raimeen Maradiya of Chirag Shah & Associates served as the scrutiniser for the voting process. The company noted that detailed voting results will be uploaded to its website and communicated to stock exchanges separately.
One shareholder holding 250 equity shares abstained from voting on all five resolutions. No invalid votes were recorded in any category. The e-voting facility was provided by KFin Technologies Limited.
Historical Stock Returns for GTPL Hathway
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.02% | -3.69% | +0.05% | -6.27% | -51.53% | 0.0% |
How will GTPL Hathway's FY27 capital expenditure plans for fiber-to-the-home expansion impact its free cash flow and future dividend sustainability?
What strategic initiatives is the company implementing to address the declining ARPU in the cable television segment and drive broadband subscriber growth?
Will the low participation rate of retail shareholders trigger regulatory scrutiny or lead to enhanced investor engagement programs by the board?
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