HATHWAY BHAWANI CABLETEL & DAT

Distributes cable television services in Thane, Maharashtra, primarily through its wholly owned subsidiary Bhawani NDS Network Limited, which became wholly owned in Q4 FY26 after the parent bought the remaining 49% stake for Rs 15,190. The entity sits within the Hathway group, with Hathway Cable and Datacom Limited as its holding company. Quarterly revenue from operations is small — Rs 58.02 lakh in Q3 FY26 and Rs 57.74 lakh in Q1 FY27 — with nine-month FY26 revenue at Rs 178.79 lakh. The cost stack is dominated by other operating expenses at 78.3% of revenue, followed by employee costs at 16.8% and depreciation at 7.5%, and recent small profits have come from expense cuts rather than topline growth. A pending contingent matter is a Rs 4,130.38 lakh demand from the Department of Telecommunications for FY05–FY15 license fees, which the company is contesting, while other equity is negative at Rs -647.01 lakh on a consolidated basis.