Cable TV
Notice issued to Union of India on five DAS Phase III petitions
NEW DELHI: Notice was issued by the Delhi High Court to the Union of India (Information and Broadcasting Ministry) on five petitions relating to the stay orders on Phase III of Digital Addressable System.
Chief Justice G Rohini and Justice Ms Sangita Dhingra Sehgal heard the petitioners for some time before issuing the notice and adjourning the matters to 26 September 2016.
The cases that came up today related to petitions by Radiant Digitek Networks Pvt Ltd, Rajasthan Cable Operators Foundation, Nasik Zilla Cable Operator Association, Indusind Media and Communication Ltd, and Bhima Riddhi Digital Services. While the first two are against Union of India, the other three are against the state of Maharashtra.
Yesterday, the first batch of a large number of cases was adjourned to 5 October. They had been listed before Mr Justice Sanjeev Sachdeva, who is also to hear on 13 September another three cases including one by Home Systems Pvt Ltd of Mumbai and another by Digiana Pvt Ltd, which have been transferred to the Court. They could not be heard as the single bench did not assemble after the lunch break.
As a result, the application by the Indian Broadcasting Foundation for being impleaded in the case also did not come up for hearing. However, it is expected that this may be mentioned on 13 September.
The cases that were listed yesterday included the Rohtak Cable Operators’ Association, Andhra Pradesh MSOs Welfare Federation, Multi System Operators’ Welfare Association, Sai Big Star Welfare Association, Sree Devi Digital Systems, Federation of Telangana MSO, DEN Manoranjan Satellite, Victory Digital, Sri Chowdeshwary Cable Network, Shyam Baba Cable Network, Panchajanya Media, Bharat Digital Cable Network, and Yogesh Cable Networks.
The Supreme Court had on 1 April accepted the plea of the Cemtral Government that ‘it wouldbe just and proper for this Court to withdraw all those cases pending in different HighCourts and transfer the same to Delhi High Court.’
A total of 62 cases had been filed by some multi-system operators (MSOs) in various courts in the country for extension in the deadline of Phase lll. Out of these 62 cases, 12 cases had been disposed off by respective courts and 3 cases had been withdrawn by the petitioners.
(The Bombay High Court had earlier this year made a reference to the Kusum Ingots case which had said that if one high court gives an order, others can give similar orders if similar circumstances exist. indiantelevision.com had reported in January this year that the MIB had told the Punjab and Haryana high court that it had ‘decided not to press the requirement of having a STB as for now till the decision of the cases which are pending before various other high courts’).
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Hearing of DAS cases in Delhi HC put off to Oct
MUMBAI: When margins wobble, liquidity talks and in Q3 FY25-26, cash did most of the talking. Den Networks Limited closed the December quarter with consolidated revenue of Rs.251 crore, marginally higher than the previous quarter but down 4 per cent year-on-year, even as profitability stayed resilient on the back of strong cash reserves and disciplined cost control.
Subscription income softened to Rs.98 crore, slipping 3 per cent sequentially and 14 per cent from last year, while placement and marketing income offered some cheer, rising 15 per cent quarter-on-quarter to Rs.148 crore. Total costs climbed faster than revenue, up 7 per cent QoQ to Rs.238 crore, driven largely by higher content costs and operating expenses. As a result, EBITDA dropped sharply to Rs.13 crore from Rs.19 crore in Q2 and Rs.28 crore a year ago, pulling margins down to 5 per cent.
Yet, the bottom line refused to blink. Profit after tax stood at Rs.40 crore, up 15 per cent sequentially and only marginally lower than last year’s Rs.42 crore. A healthy Rs.57 crore in other income helped cushion operating pressure, keeping profit before tax at Rs.48 crore, broadly stable quarter-on-quarter despite the tougher cost environment.
The real headline-grabber, however, sits on the balance sheet. The company remains debt-free, with cash and cash equivalents swelling to Rs.3,279 crore as of December 31, 2025. Net worth rose to Rs.3,748 crore, while online collections accounted for 97 per cent of total receipts, underscoring strong cash discipline across operations, including subsidiaries.
In short, while Q3 showed signs of operating strain, the financial backbone remains solid. With zero gross debt, steady profits and a formidable cash war chest, the company enters the next quarter with flexibility firmly on its side proving that in uncertain markets, balance sheet strength can be the best growth strategy.
