Hathway Cable & Datacom Limited — Important, 24-03-2025: Diversification/Disinvestment

Hathway Cable and Datacom has announced a board meeting to discuss the sale of its entire 49% equity stake in Hathway Patiala Cable Private Limited to Jujhar Constructions and Travels Private Limited for Rs. 25 lakh. This transaction signifies a complete exit from Hathway Patiala, which was a passive investment not contributing to the company’s financial results for FY2023-24. The sale may positively impact shareholder interests by simplifying the company's structure and potentially reorienting capital towards more productive investments. Jujhar Constructions, led by a director who is already a shareholder in Hathway Patiala, is not part of Hathway's promoter group.