Please find attached outcome of Board Meeting held on July 14, 2025.
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Awaiting price reaction for this filing.
Hathway Bhawani Cabletel & Datacom reported its Q1 FY26 results on July 14, 2025. Consolidated revenue from operations stood at Rs. 60.91 lakhs, up marginally from Rs. 60.09 lakhs in Q1 FY25. The company swung to a small profit before tax of Rs. 0.82 lakhs compared to a loss of Rs. 11.41 lakhs in the year-ago quarter. Net loss narrowed sharply to Rs. 0.77 lakhs from Rs. 8.94 lakhs, with EPS at Rs. (0.01). However, other equity remains negative at Rs. (630.48) lakhs, reflecting accumulated losses. A pending contingent liability of Rs. 4,130.38 lakhs from Department of Telecommunications license fee show cause notices (for FY 2005-06 to 2014-15) continues to be disclosed, which the company is contesting without making any provision.
Losses have narrowed significantly year-on-year, but the company is still marginally in the red with negative reserves, indicating fragile financial health. The large unresolved DOT demand is a major overhang and could materially affect shareholders if the legal defence fails.