GTPL Hathway Limited has informed the Exchange regarding Appointment of Mr. Rajendra Dwarkadas Hingwala (DIN: 00160602) as Independent Director of the company w.e.f. July 13, 2026.
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GTPL Hathway Limited reported audited standalone revenue from operations of Rs. 24,507.81 million for FY2026, up ~12% from Rs. 21,933.81 million in FY2025. However, profit before tax declined sharply to Rs. 84.09 million from Rs. 648.08 million, and net profit after tax fell to Rs. 58.82 million from Rs. 478.03 million. Q4 FY2026 standalone PBT was a loss of Rs. 78.74 million. The company recommended a dividend of Rs. 2 per equity share (face value Rs. 10), subject to shareholder approval at the ensuing AGM. The Board also approved the re-appointment of Mr. Rajendra Dwarkadas Hingwala as Independent Director for a second term of 3 years effective July 13, 2026. Key headwinds include foreign exchange losses (Rs. 92.04 million for FY2026), higher finance costs (Rs. 335.71 million vs Rs. 221.91 million), and exceptional items of Rs. 56.89 million (impairment in subsidiary investments). The company continues to carry a contingent liability of Rs. 9,754.15 million related to DOT license fee demands, which it is defending.
The sharp decline in net profit despite revenue growth is concerning, primarily due to increased finance costs and forex losses. The unchanged dividend provides some stability for investors, while the ongoing DOT litigation remains a contingent risk. The independent director re-appointment is routine governance housekeeping with no material impact.