Hathway Bhawani Cabletel & Datacom — Interim / Quarterly Report 2021

Jan 12, 2021

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January 12, 2021

To, The Manager, Corporate Relations Department, BSE Limited, Phiroze Jeejeebhoy Tower, 1[st] Floor, Dalal Street, Mumbai – 400 001 Script Code No: 509073

Sub: Standalone and Consolidated Unaudited Financial Results for the quarter and nine months ended December 31, 2020

In continuation of our letter dated January 05, 2021 and pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose the Unaudited Financial Results (Standalone and Consolidated) for the quarter and nine months ended December 31, 2020, duly reviewed and recommended by the Audit Committee and approved by the Board of Directors of the Company, at their respective meeting held today. The same can also be accessed at the Company’s website at https://www.hathwaybhawani.com.

The meeting of the Board of Directors commenced at 3:00 p.m. and concluded at 3:25 p.m.

Kindly acknowledge the receipt.

Thanking you,

For Hathway Bhawani Cabletel & Datacom Limited

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Ajay Singh Company Secretary and Compliance Officer FCS: 5189 Encl: As above

Hathway Bhawani Cabletel & Datacom Limited

Regd. Office : 805/806, Windsor, 8th Floor, Off CST Road, Kalina, Santacruz (East), Mumbai-400 098 Tel: +91-22-40542500 Fax: +91-22-40542700 Email: investors.bhawani@hathway.net Website: www.hathwaybhawani.com CIN: L65910MH1984PLC034514

CHARTERED ACCOUNTANTS

NAYAN PARIKH & co. (REGISTERED)

OFFICE NO. 9, 2[N° ] FLOOR, JAIN CHAMBERS, 577, S.V. ROAD, BANDRA (WEST), MUMBAI 400050, INDIA.

PHONE : (91-22) 2640 0358, 2640 0359

Independent Auditor's Review Report on unaudited standalone financial results of Hathway Bhawani Cabletel & Datacom Limited for the quarter and nine months ended on December 31, 2020 pursuant to the Regulati�n 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

To The Board of Directors

Hathway Bhawani Cabletel & Datacom Limited

• I. We have reviewed the accompanying statement of standalone unaudited financial results ("the Statement") of Hathway Bhawani Cabletel & Datacom Limited ("the Company") for the quarter and nine months ended December 31, 2020, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBT (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

• This Statement which is the responsibility of the Company's Management and has been approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 'Interim Financial Reporting' prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to issue a report on the Statement based on our review.

• We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

• Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, including the manner in which it is to be disclosed, or that it contains any material misstatement.

Place: Mumbai Dated this 12[th ] day of January, 2021

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For Nayan Parikh & Co.
artered Accountants
Fir R · t ation No. 107023W
rayana
Partner
bership No. 060639
UDIN: 21060639AAAAAU6385
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HATHWAY BIIAWANI CABLETEL & DATACOI\I Lll\llTED Registered Office : 805/806, Windsor, 8th noor, Off CST Road, Kalina, Santacruz (East), Mumbai - 400098 CIN: L659101\IH1984PLC0J4514

Website: www.hathwaybhawani.com; Email: investors.bhawani@hathway.net Tel:- 022 40542500

STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR TIIE QUARTER AND NINE l\lONTHS ENDED DECEI\IBER JI, 2020

FOR TIIE QUARTER AND	NINE l\lONTH	S ENDED DEC	EI\IBER JI,	2020
						(Ju. in Lakhs)
Particulars	Dttember JI, 2020	Juarter endet September JO, 2020	Stanlalone Nine 1\101 December Dttember 31,2019 JI, 2020		ths ended December 31,2019	\"ear ended l\larch JI, 2020
	!Unaudited}	/Unaudited}	(Unaudited}	!Unaudiredl	/Unaudiledl	(Audited I
I. Income
a. Revenue from Operations b. Other Income Tola) Income	107.74 3.29 Ill.OJ	110.30 1.49 111.79	141.26 0.18 141.44	334.86 4.98 339.84	370.12 5.34 375.46	487.29 25.96 513.25
2. Expenses a. Feed Charges b. Operational expenses c. Employee Benefit Expenses d. Finance cost e. Depreciation, Amortisation and Impairment f.OtherExoenses Total Ei11enses J. Profit/lLossl before Exceutional Items 11-21 4. Exceptional Items fbnpairmenl in Value of Jnves1men1) 5. ProfitI(Loss! before 111 IJ-'l	27.63 10.14 15.42 0.74 4.35 24.11 82.39 28.6-1 - 28.6-1	28.38 8.52 15.14 2.67 4.43 16.18 75.32 36.47 - 36.47	23.74 14.00 12.68 3.65 5.45 21.36 80.88 60.56 - 60.56	84.36 26.62 41.76 6.58 13.26 57.40 229.98 109.86 - 109.86	72.49 42.16 38.07 11.49 17.36 52.01 233.58 141.88 - 141.88	98.75 47.73 44.58 14.65 22.36 69.10 297.17 216.08 216.08
6. Tax expense a. Current lax b. Sh0t1 / (excess) of current lax for earlier years (nel) c. Deferred lax exoenses /lincome) 7. Net ProfitI(Lossl for the oeriod 15-61	- (8.47) 7.11 J0.00	- 1.95 8.82 25.70	- - ()37.99) 198.55	(6.52) 27.SS 88.83	- - (160.42} 302.J0	- 6.29 (157.03) 366.82
8. Other Comprehensive Income/ (Loss} Items_that_will_not_be reclas ified 10 profit or (loss) : a. Re-measurement of defined benefit plans b. Income lax relating 10 items 1ha1 will nor be reclas ified 10 profit or (loss) 9. Total Comprehensive Income/ (Loss) (after tad (7+8l I 0. Paid-Up Equity share caoiral (Face Value of Rs. JO/- each) 11. EamingPer Share (basic and diluted)• ( in Rs.)	(0.33) - 29.67 810.00 0.37	(0.34) - 2!i.J6 810.00 0.32	0.32 - 198.87 810.00 2.45	(1.00) - 87.83 810.00 I.JO	(1.55) - 300.75 810.00 3.73	(2.55) - 364.27 810.00 4.53

• EPS 1s not annualised for lhe Quaner ended December 31, 2020, September 30, 2020 and December 31, 2019 and for the Nine Months ended December 31, 2020 and December 31, 2019.

Noles: I. The above results were reviewed by the Audit Committee and approved by the Board of Directors al their respective meetings held on January 12. 2021. TI1e Slalulory Auditors have carried out limited review of the results for the quaner and nine months ended December 31, 2020.

2. These results have been prepared in accordance with the Indian Accounting Standards (Ind AS) prescribed under section 133 of the Companies Acl, 2013 and other recognised accounting practices and policies 10 the exlenl applicable. TI,e figures for the corresponding periods have been regrouped, wherever necessary.

3. As the Company's business activity falls within a single business segment in terms oflnd AS 108 on "Operating Segments', the financial results are reflective of the information required by Ind AS 108.

Place : l\lumbai Dale : January 12, 2021

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'"""'"'' ,.,.,.;c,,,.. •• o,�
Ian Pathan
Director & Chier Elecu •te Officer
DIN: 1>7468214
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SIGNL
BY
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NAYAN PARIKH & CO. (REGISTERED)

CHARTERED ACCOUNTANTS

OFFICE NO. 9, 2 N° FLOOR, JAIN CHAMBERS, 577, S.V. ROAD, BANDRA (WEST), MUMBAI 400050, INDIA. PHONE : (91-22) 2640 0358, 2640 0359

Independent Auditor's Review Report on unaudited consolidated financial results of Hathway Bhawani Cabletel & Datacom Limited for the quarter and nine months ended on December 31, 2020 pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

To The Board of Directors

Hathway Bhawani Cabletel & Datacom Limited

1. We have reviewed the accompanying statement of unaudited consolidated financial results of Hathway Bhawani Cabletel & Datacom Limited ("the Parent") and its share of the net profit/(loss) after tax and total comprehensive income I loss of its joint venture for the quarter and nine months ended December 31, 2020 ("the Statement"), being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

2. This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 241 0 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of

persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.

1. The Statement includes the results of the following entity: Hathway Bhawani NOS Network Limited - Joint Venture

2. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the unaudited financial results of a joint venture referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the

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NAYAN PARIKH & CO.

accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

1. The consolidated unaudited financial results include the share of net profit after tax of Rs. 4.06 lakhs for the quarter ended December 31, 2020, as considered in the consolidated unaudited financial results, in respect of a joint venture, based on their standalone financial results which have not been reviewed/audited by their auditors. According to the information and explanations given to us by the Management, these standalone financial results are not material to the Parent.

Our conclusion on the Statement is not modified in respect of the above matter.

Place: Mumbai Dated this l i[h ] day of January, 2021

For Nayan Parikh & Co. C ered Accountants rati n No. 1 07023 W artner em ership No. 060639 IN: 639AAAAA V9858

HATHWAY BIIAWANICABLETEL& DATACOl\l LII\IITED Rtcisttrtd Offitt : 8051806, Windsor, 81b ffoor, OITCST Road, Kalina, Sanlatruz (Ease), Mumbai• 400098 CIN: L659l0Mll 1984PLC034514 W<bsilo: www.ha1hwaybh■wa1i.tom; Em■i� inVHlors.bhawani@bachway.net T•l:-022 40�2500

ST ATEl\l ENT OF UNAUDITED CONSOLI DATED FINANCIAL RESULTS FOR THE QUARTER AND NINE I\IONTIIS ENDED DECEI\IBER 31, 2020

						!Rs i lb}
			Cons,	iwutd
Partculan	D •mbr 31, 2020	1Ouarr,r endtd Spt<mbtr 30, 2020	Dtttmbr 31,2019	Nin• llonths tndtd Dtttmbr Dtttmbr 31, 2020 31,2019		YHr <ndtd llarcb 31, 2020
	IUnaudiltdl	(lnaudittdl	IUnaudit<dl	(Unaudittdl	IUnaudittdl	IAudittdl
1. lntom•
a. Rev<nue fom Opea1ions	107.74	110.30	141.26	334.86	370.12	487.29
b. Ocher Income	3.29	1.49	0.18	4.98	5.34	25.9
T ocal lntom• 2. E1pna	111.03	111.79	141.44	339.84	375.4	513.25
a. fee Charge	27.63	28.38	23.74	84.36	72.49	98.75
b. Otional exns	10.14	8.52	14.0	26.62	42.16	47.n
c. Emploee Benefl Expnses d finace COSI	15.42 0.74	15.14 2.67	12.68 3.65	41.76 6.58	38.07 11.49	44.58 14 65
e. Dpr ialion, Amor1is1ion and lmpairen1 f Ocher. .s Total E111n1<s	4.35 24.11 82.39	4.43 16.18 75 .. U	5.45 21.36 80.88	13.26 57.40 229.98	17.36 52.01 233.58	22.36 69.10 297.17
3. Proft /ILossl bfort Ex«111ional lltm 11-21	28.64	36.47	60.56	109.86	141.88	216.08
4. Excmrional Items llmpairmenl in Value of lnvesaenll	-		-	-		-
5. Share of net Pfl I (Lss) of Joint venlure accouted for using the equity metho	4.06	(0.92)	(0.36)	0.43	4.53	2.91
6. Proll / floss\ bfor• IH 13�l 7. Ta exps	32.70	35.55	60.20	110.29	146.41	218.9
a. Cumnt ta	-	-		-		-
b. Shon I (excess) of currenl ta, for ealier yea (ne1)	(8.47)	1.95	-	(6.52)	.	6.29
c. Dfered 1a extl S !income) 8. Nee Proft I ILossl fr tht 1riod 1671	7.11 34.0	8.82 24.78	1137.991 198.19	27.55 89.26	1160.421 30.83	1157.031 369.73
9. Other Comprehensive lntomt I (Loss)
llems that will not b reclassifed 10 profl or (loss): a. Re-measurement of defned beneft plans	(0.33)	(0.34)	0.32	(1.00)	(I .S5)	(2.55)
b. She of Oher Comprehensive Income of Joint venture	-		.		-	0.03
c. Icome 1ax relaling to ilems 1ha1 will nor be reclaifed	-	-	.		-	.
10 proft or (loss)
10. Total Comprthtnsi•• lnton1 I (Lo } (afer 1■1) (8+9)	33.73	24.44	198.51	88.26	305.28	367.21
11. Pid.Up Eouil share capital (face Value ofRs.10/- each) 12. Ein• Per Sha (basic and dilu1cdl• ( in Rs.)	810.0 0.42	810.0 0.31	810.00 2.45	810.0 1.10	810.0 3.79	810.0 4.56

• EPS is not annualised for the Quaner ended December 31, 2020, Seplember 30, 2020 and Dec mber 31, 2019 and for the Nine Months ended December 31, 2020 and December 31, 2019.

Notes:

• I. The above results were reviewed by Ute Audit Commillec and approved by the Board ofDireclors a1 1heir respeclive moclings held on January 12, 2021. The Shllulory Auditors have carried our limiled review of lhe results for the quaner w,d nine monlhs ended December 31, 2020.

2. These results have be n prepared in accordance with lhe Indian Accounling Slandards (Ind AS) prescribed wider section 133 of lhe Companies Ac� 2013 and ocher recognised accounling practices and policies 10 the ex1en1 applicable. The fi!lllfes for 1he corresponding periods have be n regrouped. wherever necessary.

3. As the Company's business activity falls wilhin a single business segmenl in lerms of Ind AS 108 on "Operating Segmen1s', lhe financial results are re0ecrive of the information required by Ind AS 108.

Platt : l\lumbai Date : January 12, 2021 SIGN BY