Hathway Bhawani Cabletel & Datacom Limited reported a standalone net loss of ₹41.33 lakh for the financial year ended March 31, 2026 (FY26), reversing a profit of ₹5.29 lakh in the previous year. The decline was driven by a 9% drop in revenue from operations to ₹233.77 lakh and a significant ₹39.68 lakh impairment charge on investments. Shareholders will vote on these results and key governance matters at the 42nd Annual General Meeting (AGM) scheduled for August 19, 2026.

The company’s total income fell to ₹237.02 lakh from ₹275.17 lakh in FY25, while total expenses remained relatively stable at ₹237.27 lakh. On a consolidated basis, the group reported a net loss of ₹16.98 lakh compared to a profit of ₹4.33 lakh in the prior year. Consolidated revenue from operations stood at ₹238.53 lakh. The Board of Directors has not recommended any dividend for the year under review.

Key Financial Metrics

Subsidiary Acquisition and Governance

During FY26, the company acquired the remaining 49% equity stake in Hathway Bhawani NDS Network Limited, making it a wholly owned subsidiary effective February 6, 2026. This acquisition contributed to the consolidated financial results but also resulted in the aforementioned impairment charge on the investment.

The AGM, held via Video Conferencing (VC) or Other Audio Visual Means (OAVM), will consider the reappointment of Mr. Vatan Pathan as Director, who retires by rotation. Additionally, shareholders will vote to appoint Deloitte Haskins & Sells Chartered Accountants LLP as Joint Auditors for a five-year term, alongside current statutory auditors Nayan Parikh & Co., until the conclusion of the 47th AGM.

What the Numbers Show

The shift from profit to loss highlights margin pressure despite relatively stable operating expenses. Revenue declined primarily due to lower subscription income in the competitive Cable Television sector, while other income dropped significantly from ₹18.37 lakh to ₹3.25 lakh. The substantial impairment charge of ₹39.68 lakh on subsidiary investments further weighed on profitability, indicating a reassessment of asset values post-acquisition. With a positive net worth of ₹166.94 lakh as of March 31, 2026, the company maintains a solvent balance sheet but faces challenges in revenue generation.

Hathway Bhawani Cabletel & Datacom Ltd has appointed Ravi Goyal as its Chief Financial Officer, effective July 15, 2026. The appointment was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Goyal assumes the role of Key Managerial Personnel, bringing over three decades of experience to the company.

Goyal is an MBA with over 33 years of experience in Finance & Accounts across the Telecom, Infrastructure, and Media sectors. Prior to joining the company, he held leadership positions with Dilip Buildcon Limited, Aircel Limited, Bharti Airtel Limited, and Prakash Industries Limited. His expertise includes Financial Controllorship, Financial Operations, Revenue Accounting, GST, Audit & Compliance, Process Transformation, ERP Implementations, and Business Process Automation.

Consequent to this appointment, the company has authorised the following Key Managerial Personnel for determining the materiality of an event or information and for making requisite disclosures to the Stock Exchange, effective July 15, 2026.

The information was submitted by Priya Bhagat, Company Secretary and Compliance Officer.