Hathway Cable & Datacom sets Aug 19 for 66th AGM, proposes Deloitte as auditor
Hathway Cable & Datacom Limited scheduled its 66th AGM for August 19, 2026, featuring key resolutions including the appointment of Deloitte Haskins & Sells as statutory auditors and the re-appointment of Ms. Geeta Fulwadaya. The meeting follows FY25 results showing consolidated revenue of ₹ 2,149.58 crore and profit of ₹ 82.24 crore.
*this image is generated using AI for illustrative purposes only.
Hathway Cable & Datacom Limited will hold its 66th Annual General Meeting (AGM) on Wednesday, August 19, 2026, at 3:00 p.m. IST via video conferencing. The meeting serves as the platform for shareholders to approve the audited financial statements for FY25, re-appoint director Ms. Geeta Fulwadaya, and appoint Deloitte Haskins & Sells Chartered Accountants LLP as statutory auditors for a five-year term. This governance update follows a financial year where the company reported standalone revenue of ₹ 581.98 crore and consolidated revenue of ₹ 2,149.58 crore, reflecting continued operations in broadband and cable television services.
The Board of Directors, in compliance with Section 139 of the Companies Act, 2013 and Regulation 18 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, has proposed the appointment of Deloitte Haskins & Sells Chartered Accountants LLP. The firm will serve as Joint Auditors alongside the current statutory auditors, Nayan Parikh & Co., until the conclusion of the 67th AGM. Thereafter, Deloitte will continue as the sole statutory auditor until the conclusion of the 71st AGM. The proposed remuneration for Deloitte for FY26 is ₹ 1,05,00,000, excluding taxes and out-of-pocket expenses.
Key Resolutions and Governance
Shareholders will vote on several ordinary resolutions during the AGM. A primary item is the re-appointment of Ms. Geeta Fulwadaya (DIN: 03341926), who retires by rotation. Ms. Fulwadaya, a Non-Executive and Non-Independent Director, brings extensive experience in corporate laws and allied matters. She attended 100% of Board meetings in FY25. Her re-appointment was recommended by the Nomination and Remuneration Committee.
Additionally, shareholders must ratify the remuneration of Ashok Agarwal & Co., appointed as Cost Auditor for the financial year ending March 31, 2027. The Board approved a remuneration of ₹ 6,00,000 for the cost audit of the company’s broadband operations, pursuant to Section 148 of the Companies Act, 2013.
| Resolution Item | Description | Key Detail |
|---|---|---|
| Re-appointment of Director | Ms. Geeta Fulwadaya | Retiring by rotation; recommended by NRC |
| Appointment of Statutory Auditor | Deloitte Haskins & Sells LLP | Five-year term; Joint Auditor initially with Nayan Parikh & Co. |
| Ratification of Cost Auditor Remuneration | Ashok Agarwal & Co. | ₹ 6,00,000 for FY26-27 cost audit |
Financial Performance Context
The AGM follows the release of the Annual Report for FY25, which highlights a shift in operational focus. Standalone post-tax profit stood at ₹ 65.38 crore, down from ₹ 79.33 crore in the previous year. Consolidated post-tax profit was ₹ 82.24 crore, compared to ₹ 92.54 crore previously. The decline in profitability coincided with a marginal reduction in broadband subscribers to 1.02 million from 1.06 million, although average monthly data consumption per FTTH subscriber increased by 3% to over 357 GB. The cable television business, operated through wholly-owned subsidiary Hathway Digital Limited, serviced approximately 4.63 million viewers.
The company also reported a Corporate Social Responsibility (CSR) expenditure of ₹ 88,69,584, meeting the mandatory requirement of 2% of average net profits. No dividend was declared for FY25, consistent with the company’s strategy to reinvest in network modernization and digital infrastructure.
E-Voting Timeline and Procedures
Shareholders holding shares as of the cut-off date, Wednesday, August 12, 2026, are eligible to vote. Remote e-voting will be facilitated by KFin Technologies Limited. The voting window opens on Sunday, August 16, 2026, at 9:00 a.m. IST and closes on Tuesday, August 18, 2026, at 5:00 p.m. IST. Members who vote remotely cannot vote again during the meeting via Insta Poll. Those who have not voted remotely may use the Insta Poll facility during the live meeting.
For assistance, shareholders may contact KFin Technologies Limited at evoting@kfintech.com or the toll-free number 1800 309 4001. The Annual Report and related documents are available on the company’s website and stock exchange portals.
Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE982F01036/18cf0600-339e-46c5-91de-dadec705a0ca.pdf
Historical Stock Returns for Hathway Cable & Datacom
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.12% | -2.12% | -5.69% | -5.69% | -26.54% | -57.68% |
How will Hathway's decision to retain earnings for network modernization rather than paying dividends impact shareholder returns and stock valuation in the near term?
What specific strategies is the management implementing to reverse the decline in broadband subscriber numbers amidst increasing competition from telecom giants offering bundled services?
Will the appointment of Deloitte as statutory auditor signal any anticipated changes in financial reporting standards or internal governance practices for Hathway?
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