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

Hathway Cable and Datacom Limited 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 stake, consisting of 71,175 shares, has been classified as a passive investment and did not contribute to the company's consolidated turnover or net worth for FY2023-24.

The sale reflects a strategic move to streamline non-core investments, thereby strengthening the company’s financial focus. This divestment may boost investor sentiment by reducing exposure to non-contributing assets, potentially presenting a positive outlook for future operational efficiencies.