Hathway Bhawani Cabletel & Datacom Limited held its 42nd Annual General Meeting on August 19, 2026, to approve key corporate governance and financial matters for the concluding fiscal year. The meeting, conducted through Video Conferencing / Other Audio-Visual Means (VC/OAVM) in compliance with Ministry of Corporate Affairs and SEBI circulars, commenced at 12:00 pm and concluded at 12:29 pm IST.

Mr. Dhiren Dalal, Chairman and Independent Director, presided over the proceedings. He confirmed that the requisite quorum was present and that representatives from the Statutory Auditors and Secretarial Auditor attended the session. Remote e-voting was available to members from 9:00 am IST on August 16, 2026, until 5:00 pm IST on August 18, 2026.

Resolutions Approved

Shareholders passed all ordinary business resolutions set out in the notice dated July 14, 2026. The key approvals included:

• Financial Statements: Adoption of the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026, along with the reports of the Board of Directors and Auditors.
• Director Appointment: Reappointment of Mr. Vatan Pathan (DIN: 07468214), who was retiring by rotation.
• Auditor Appointment: Appointment of statutory auditors and fixation of their remuneration.

Voting Process

The company utilized an electronic voting system for all resolutions. Members who did not vote remotely could cast their votes during the meeting using the Insta Poll system. Rathi & Associates, Practicing Company Secretaries, appointed Mr. Jayesh Shah (Membership No. FCS 5637) or, in his absence, Mr. Himanshu Kamdar (Membership No. FCS 5171) as Scrutinizers to oversee the electronic voting process.

All resolutions were passed with the requisite majority. The company stated it would separately intimate the detailed voting results to the stock exchanges and upload them on its website and the KFin Technologies Limited portal.

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.