GTPL Hathway Limited has informed the Exchange regarding re-appointment of Mr. Anirudhsinh Jadeja (DIN: 00461390) as Managing Director of the Company for further period of three years with effect from December 08, 2025, subject to the approval of the members of the Company.
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Awaiting price reaction for this filing.
GTPL Hathway's Board approved standalone and consolidated unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Standalone revenue from operations rose about 11% year-on-year to Rs. 5,946.79 million, but net profit fell sharply to Rs. 56.25 million from Rs. 150.23 million a year ago. Consolidated revenue grew about 7% to Rs. 9,036.99 million, while net profit dropped to Rs. 73.23 million from Rs. 149.91 million. The Board also approved the re-appointment of Mr. Anirudhsinh Jadeja (DIN: 00461390) as Managing Director for a further 3 years effective December 8, 2025, subject to shareholder approval; he is not debarred by SEBI and is not related to any director. The filing flags large contingent liabilities, including a DoT demand of Rs. 9,754.15 million on the parent and Rs. 3,345.62 million on subsidiary GTPL Broadband, both treated as contingent with no provision made.
Strong revenue growth but a significant squeeze in profitability may weigh on sentiment in the near term, while large DoT-related contingent liabilities remain a key overhang. Continuity at the top with the re-appointment of the long-serving MD provides leadership stability but does not change the fundamental picture.