5001832026-06-042026-06-045001832026-06-045001832026-06-042026-06-04PartiesOfTheAgreementDomain15001832026-06-04PartiesOfTheAgreementDomain15001832026-06-042026-06-04PartiesOfTheAgreementDomain25001832026-06-04PartiesOfTheAgreementDomain25001832026-06-042026-06-04PartiesOfTheAgreementDomain35001832026-06-04PartiesOfTheAgreementDomain35001832026-06-042026-06-04PartiesOfTheAgreementDomain45001832026-06-04PartiesOfTheAgreementDomain4xbrli:purexbrli:sharesHFCL LIMITEDHFCLNewOthersBusiness Transfer Agreement (BTA)Execution of agreementThird Partytrue2026-06-0320:20:00true2026-06-04he business transfer agreement executed amongst the parties mentioned in point (a) above (“BTA”)” to acquire the aerostructure business of Defsys by HDSPL as a going concern, on a slump sale basis, together with all related assets, contracts, employees, permits and liabilities pertaining thereto, as part of the strategic expansion of the defence and aerospace business of the HFCL group.2026-06-03falseUpon consummation of the transactions envisaged under the HDSPL SPA, HASPL will make an investment in HDSPL for an aggregate amount of Rs.25 Crore which amount shall be utilized by HDSPL towards the acquisition of Aerostructure business of Defsys, on a slump sale and going concern basis for a cash consideration of Rs.25 Crore pursuant to a business transfer agreement executed amongst Defsys, HDSPL, DMG, Mr. Dev Mohan Gupta and Ms. Shubhra Gupta (“Defsys BTA”), subject to fulfilment of the conditions precedent set out under the Defsys BTA.Not Applicable4Defsys Solutions Private Limited (“Defsys”)Party entering into the agreementNot Applicable00false HFCL Defence Systems Private Limited (“HDSPL”)Party entering into the agreementNot Applicable00falseDMG Finance and Investments Private Limited (“DMG”)Party entering into the agreementNot Applicable00falseMr. Dev Mohan GuptaParty entering into the agreementNot Applicable00falsetrue2026-06-03The business transfer agreement executed amongst the parties mentioned in point (a) above (“BTA”)” to acquire the aerostructure business of Defsys by HDSPL as a going concern, on a slump sale basis, together with all related assets, contracts, employees, permits and liabilities pertaining thereto, as part of the strategic expansion of the defence and aerospace business of the HFCL group.The BTA inter alia provides for acquisition of the aerostructure business of Defsys by HDSPL as a going concern on a slump sale basis for a lump sum cash consideration of INR 25 Crore. The transaction is subject to fulfilment (or waiver, where permissible) of customary conditions precedent set out in the BTA. Upon closing, all identified business assets, contracts, employees, permits and specified liabilities pertaining to the aerostructure business shall stand transferred to HDSPL The agreement also contains customary representations, warranties, indemnities, covenants, closing obligations and post-closing obligations of the parties in relation to the transfer and operation of the business. The agreement does not provide for any special rights such as right to appoint directors, first right to share subscription in case of issuance of shares, or any right to restrict change in capital structure.falseNot ApplicableThe BTA inter alia provides for acquisition of the aerostructure business of Defsys by HDSPL as a going concern on a slump sale basis for a lump sum cash consideration of INR 25 Crore. <BR> <BR> The transaction is subject to fulfilment (or waiver, where permissible) of customary conditions precedent set out in the BTA. Upon closing, all identified business assets, contracts, employees, permits and specified liabilities pertaining to the aerostructure business shall stand transferred to HDSPL <BR> <BR> The agreement also contains customary representations, warranties, indemnities, covenants, closing obligations and post-closing obligations of the parties in relation to the transfer and operation of the business. The agreement does not provide for any special rights such as right to appoint directors, first right to share subscription in case of issuance of shares, or any right to restrict change in capital structure.