Hathway Cable & Datacom Limited — Others, 26-04-2025: Shareholders meeting

Hathway Cable and Datacom Limited has announced a board meeting regarding a Postal Ballot Notice, seeking member approval for a Material Related Party Transaction involving its subsidiary, Hathway Digital Limited. The e-voting period commences on April 29 and concludes on May 28, 2025. The proposed transaction, involving payments to Star India Private Limited, is significant, anticipated to represent approximately 46.58% and 26.97% of the company’s consolidated turnover for FY2025-26. This move could enhance operational synergies, but investors should monitor associated risks due to the high transaction value relative to turnover. Overall, a positive outlook for the company.