Cable TV
Shareholders okay Hathway to up borrowings to Rs 1600 crore
BENGALURU: Indian multi system operator (MSO) Hathway Cable and Datacom has informed the bourses that it has received shareholder approval and passed special resolutions as under:
(1) Special Resolution under Section 180(l)(c) of the Companies Act, 2013 for authorising the Board of Directors of the Company to borrow loans in excess of Paid up Capital and Free reserves of the Company subject to maximum of Rs 1600 crore.
(2) Special Resolution under Section 180(l)(a) of the Companies Act, 2013 for authorising the Board of Directors for creation of Charge / Hypothecation / Mortgage on the movable / immovable properties of the Company for securing the borrowings of the Company subject to maximum limit of Rs 1600 crore.
(3) Special Resolution under Section 186 of the Companies Act, 2013 for authorising the Board of Directors to invest or to provide loans and advances or give guarantees/ securities up to 100 per cent of free reserves and securities premium account or Rs 1,000 crore whichever is higher.
Last June, the company had obtained shareholder approval for borrowing from time to time, as it may think fit, any sum or sums of money not exceeding Rs 1400 crore in aggregate or equivalent thereto in any foreign currency to meet fund requirements for effective implementation of Digital Addressable System (DAS) and broadband capital expenditure.
The shareholders of the company in August 2013, had also given a nod to permitting the company to issue preferential equity shares aggregating Rs 109.9 crore for 38.7 lakh fully paid up equity shares to Asia Holding Investments IV (Mauritius) Limited and 14.05 lakh fully paid up equity shares aggregating at about Rs 39 crore to Hathway Investments Private Limited (which is a promoter group company) of face value of Rs 10 each at a premium of Rs 274 per share.
Hathway’s consolidated EBIDTA for FY-2014 was Rs 311.19 core and Rs 274.1 crore in FY-2013. During FY-2014, Hathway reported a standalone loss of Rs 125.25 crore and a consolidated loss of Rs.111.111 crore as compared to a standalone profit of Rs 3.2 crore and a consolidated profit of Rs 15.7 crore in FY-2013.
The company has paid Rs 92.52 crore towards finance cost in FY-2014 as compared to the Rs 46.14 crore in FY-2013.
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.
