Notice of the Forty-first Annual General Meeting for the financial year 2024-25, is attached.
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Hathway Bhawani Cabletel & Datacom has notified its 41st AGM to be held on Wednesday, September 24, 2025 at 3:00 PM via video conferencing. The only ordinary businesses on the agenda are adopting the audited standalone and consolidated financial statements for FY 2024-25, and the re-appointment of Non-Executive Director Ms. Vrinda Mendon, who retires by rotation. For FY 2024-25, standalone revenue from operations dipped slightly to ₹256.80 lakh from ₹268.33 lakh, but profit after tax improved to ₹5.29 lakh (vs ₹3.84 lakh), aided by higher other income of ₹18.37 lakh. On a consolidated basis, the company swung back to a profit after tax of ₹4.33 lakh versus a loss of ₹4.29 lakh in the previous year. The Board has not recommended any dividend. The Board also underwent several changes during the year, including a new Chairman (Mr. Dhiren Dalal), a new CFO (Mr. Hareshkumar Mayani), and a new Company Secretary (Ms. Priya Bhagat).
This is a routine AGM notice with no special or non-ordinary resolutions, so the stock is unlikely to react materially. Shareholders should note the remote e-voting window of September 21-23, 2025, the cut-off date of September 17, 2025, and the absence of any dividend this year despite a return to profit on a consolidated basis. Negative retained earnings (standalone of -₹602 lakh and consolidated of -₹630 lakh) suggest no dividend is feasible.