Hathway Bhawani Cabletel & Datacom Limited has informed stock exchanges of the resignation of its Chief Financial Officer, Mr. Hareshkumar Mayani, effective from the close of business hours of May 07, 2026. The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

CFO Steps Down to Take on Holding Company Role

Mr. Hareshkumar Mayani tendered his resignation to focus on his new role of managing financial accounting at Hathway Cable and Datacom Limited, the holding company of Hathway Bhawani Cabletel & Datacom. In his resignation letter dated May 07, 2026, Mr. Mayani requested to be relieved from the services of the company with effect from the close of business hours of that date.

The company placed on record its appreciation for Mr. Mayani's contributions, stating its "heartiest gratitude and sincere appreciation for the valuable contribution and guidance provided by Mr. Hareshkumar Mayani, during his association as Chief Financial Officer of the Company."

Revised Key Managerial Personnel for Disclosures

Following Mr. Mayani's departure, the company has designated the following Key Managerial Personnel as authorised persons for determining the materiality of events or information and for making requisite disclosures to stock exchanges, with effect from May 08, 2026:

The regulatory filing was signed by Ms. Priya Bhagat, Company Secretary and Compliance Officer of Hathway Bhawani Cabletel & Datacom, on May 08, 2026. The company has also noted that the aforesaid information is available on its investor relations website at www.hathwaybhawani.com/investors .

Hathway Bhawani Cabletel & Datacom Limited has announced its audited financial results for the quarter and year ended March 31, 2026, following the board meeting held on April 14, 2026. The company submitted its consolidated and standalone financial results to BSE Limited under Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Overview

The company's consolidated financial results reveal challenging performance for the year ended March 31, 2026. The board meeting, which commenced at 4:15 p.m. and concluded at 4:55 p.m., reviewed and approved the audited financial results that were duly recommended by the Audit Committee.

Operational Challenges

The consolidated results show a significant decline in operational performance. Total expenses for FY26 stood at ₹244.59 lakhs compared to ₹268.29 lakhs in the previous year. Major expense components included feed charges of ₹91.46 lakhs, employee benefit expenses of ₹40.13 lakhs, and other expenses totaling ₹73.36 lakhs.

Subsidiary Acquisition

A notable development during the quarter was the company's acquisition of the remaining 49% equity stake in Hathway Bhawani NDS Network Limited, making it a wholly owned subsidiary. The entity, which was previously a joint venture until February 5, 2026, became a subsidiary from February 6, 2026. The acquisition involved 15,190 equity shares for ₹0.15 lakhs.

Standalone Financial Performance

The standalone financial results show even more challenging performance with exceptional items impacting the results significantly.

Auditor's Opinion

Nayan Parikh & Co., Chartered Accountants, provided unmodified opinions on both consolidated and standalone audited financial results. The auditors confirmed that the financial results comply with Indian Accounting Standards and present a true and fair view of the company's financial position.

Regulatory Compliance

The company continues to face regulatory challenges, including Show Cause cum Demand notices from the Department of Telecommunications for license fees amounting to ₹4,130.38 lakhs covering financial years from 2005-06 to 2007-08 and 2009-10 to 2014-15. Based on legal expert opinion, the company maintains that no provision is necessary for this matter.

Corporate Information

The financial results were signed by Priya Bhagat, Company Secretary and Compliance Officer, and submitted under security code 509073. The company operates from its registered office at 1st Floor, B-wing, Jaywant Apartment, Above SBI Bank, 63, Tardeo Road, Mumbai - 400034.