Outcome of Board Meeting

• Security Code: 533162
• Company: HATHWAY

Hathway Cable & Datacom Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 12, 2017, has approved business restructuring of the Company and as part of the same has, inter alia, approved the following matters:

1. Approved the withdrawal of the scheme of demerger of the Broadband Business of the Company into Hathway Broadband Private Limited filed with the Hon'ble High Court of Judicature at Bombay;

2. Approved rescinding the earlier decision of the Board of Directors of the Company taken at its meeting held on May 26, 2016 to merge the 3 (three) wholly owned subsidiaries (WOS) of the Company into the Company;

3. Given its in-principle approval for spin off of the Cable Television Business (CATV Business) of the Company into the Company's WOS - Hathway Datacom Central Private Limited;

4. Given its in-principle approval to the 5 (five) subsidiaries of the Company to spin off their respective CATV Business into Hathway Datacom Central Private Limited;

5. Approved the draft of postal ballot notice for seeking approval of shareholders under the applicable sections of the Companies Act, 2013 for rescinding the earlier resolution passed by the shareholders of the Company at their meeting held on October 15, 2016 for the demerger of Broadband Business of the Company into Hathway Broadband Private Limited;

6. Authorized Mr. Ajay Singh, Company Secretary (Key Managerial Personnel) of the Company for the purpose of determining materiality of an event or information and making disclosures to the Stock Exchanges pursuant to Regulation 30(5) of SEBI (LODR).

Also, find enclosed an investor presentation highlighting the facts and rationale of the proposed business restructuring.

The said Meeting commenced at 2.00 pm and concluded at 4:45 pm.