Proceeding of the 40th Annual General Meeting of the members of the Catvision Limited held on 26th September, 2025, through VC/OAVM.
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Catvision Ltd held its 40th AGM on 26th September 2025 via video conferencing (1:00 PM to 1:45 PM). All four resolutions — adoption of FY25 financial statements, reappointment of Mr. Sudhir Damodaran as director, appointment of M/s Pramod Kothari & Co. as Secretarial Auditors, and alteration of the Object Clause of the MoA — were approved by shareholders. The Chairman highlighted business performance: Hospitality Sales Division revenue grew 15% year-on-year driven by domestic tourism, Channel Marketing Division revenue grew 27% with expanded distribution to IPTV and OTT platforms, while Network Systems Division continued to decline (though IPTV system is now ready for commercial deployment). The auditor's report and secretarial audit report for FY25 had no qualifications or adverse remarks. The scrutinizer's report and e-voting results were to be filed within 48 hours.
Routine AGM outcome with all resolutions passed smoothly. The double-digit growth in Hospitality (15%) and Channel Marketing (27%) divisions signals revenue momentum in core segments, though persistent weakness in Network Systems remains a concern. Clean audit reports and no contentious items suggest stable governance with no immediate negative catalysts for the stock.