Hathway Bhawani Cabletel Appoints Ravi Goyal as CFO

The company announced the leadership change as it prepares to release its first-quarter financial results for the 2026-27 fiscal year.

MUMBAI — Hathway Bhawani Cabletel and Datacom Limited has officially appointed Ravi Goyal as its new Chief Financial Officer (CFO), effective July 15, 2026. The appointment comes at a pivotal time for the cable and data service provider, which is currently navigating a period of financial restructuring and operational recalibration within the highly competitive telecommunications sector.

The leadership update was confirmed as the company simultaneously prepared to disclose its unaudited financial results for the first quarter ending June 30, 2026. Goyal’s arrival is expected to bring renewed focus to the firm's financial accounting and strategic capital management as it seeks to stabilize its market position.

Strategic Leadership Shift

Goyal succeeds the former CFO, Hareshkumar Mayani, who resigned in May 2026 to take on financial accounting responsibilities at the company’s holding entity, Hathway Cable and Datacom Limited. The transition is part of a broader realignment of key managerial personnel at the firm, aimed at ensuring seamless financial oversight during a year marked by market volatility and shifting subscriber demands.

As the new CFO, Goyal will be tasked with overseeing the company’s financial reporting, regulatory compliance, and fiscal health. His appointment occurs as the organization continues its transition into digital-first services, a move supported by its parent company, the Reliance Group, which has historically provided significant strategic and financial backing to the Hathway network.

Q1 Financial Disclosure

The appointment coincides with the company's scheduled board meeting held on July 14, 2026, where the Board of Directors convened to approve the standalone and consolidated financial results for the first quarter of the 2026-27 fiscal year. Investors and market analysts have been closely watching these results, as the company has faced declining profitability and revenue growth challenges over the past several quarters.

The firm, which specializes in TV broadcasting and software production, currently operates in a segment characterized by rapid technological upgrades and increasing competition from OTT platforms. Recent data indicates that the company has maintained a debt-free status, a strength that Goyal will likely leverage to navigate current market headwinds.

Official Sources

According to the official disclosures submitted to the Bombay Stock Exchange (BSE), the company formally notified regulators regarding the appointment of the new Key Managerial Personnel (KMP) in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Quote Section

"According to officials, the appointment of Ravi Goyal as Chief Financial Officer is a strategic decision intended to strengthen the firm's financial governance. The management noted that his experience will be instrumental in guiding the company through its ongoing digital transformation and financial reporting mandates."

Why It Matters

For stakeholders and investors, the appointment of a new CFO is a critical indicator of organizational stability. As Hathway Bhawani Cabletel and Datacom Limited continues to manage its share price performance and seek operational efficiencies, Goyal's financial leadership will play a vital role in determining how the firm allocates capital and maintains investor confidence in an increasingly challenging telecommunications environment.

Key Facts at a Glance

• New CFO: Ravi Goyal.

• Effective Date: July 15, 2026.

• Predecessor: Hareshkumar Mayani (resigned May 2026).

• Primary Responsibility: Overseeing financial accounting, regulatory reporting, and strategic capital management.

• Context: Appointment aligns with the Q1 FY2026-27 results announcement period.

FAQ

Who is the new CFO of Hathway Bhawani Cabletel and Datacom? Ravi Goyal has been appointed as the new Chief Financial Officer, effective July 15, 2026.

Why did the previous CFO resign? Hareshkumar Mayani resigned in May 2026 to transition into a new financial accounting role at Hathway Cable and Datacom Limited, the parent company.

When are the Q1 results for FY2026-27 being announced? The company scheduled a board meeting for July 14, 2026, to consider and approve the standalone and consolidated financial results for the first quarter ended June 30, 2026.

Source: BSE Limited Corporate Filings, Hathway Bhawani Cabletel & Datacom Investor Relations