5001832026-06-042026-06-045001832026-06-045001832026-06-042026-06-04PartiesOfTheAgreementDomain15001832026-06-04PartiesOfTheAgreementDomain15001832026-06-042026-06-04PartiesOfTheAgreementDomain25001832026-06-04PartiesOfTheAgreementDomain25001832026-06-042026-06-04PartiesOfTheAgreementDomain35001832026-06-04PartiesOfTheAgreementDomain35001832026-06-042026-06-04PartiesOfTheAgreementDomain45001832026-06-04PartiesOfTheAgreementDomain45001832026-06-042026-06-04PartiesOfTheAgreementDomain55001832026-06-04PartiesOfTheAgreementDomain55001832026-06-042026-06-04PartiesOfTheAgreementDomain65001832026-06-04PartiesOfTheAgreementDomain65001832026-06-042026-06-04PartiesOfTheAgreementDomain75001832026-06-04PartiesOfTheAgreementDomain7xbrli:purexbrli:sharesiso4217:INRxbrli:sharesHFCL LIMITEDHFCLNewOthersShareholders AgreementExecution of agreementListed Entity,Promoters of the listed entity,Related Parties of the listed entity,Third Partytrue2026-06-0320:20:00true2026-06-04The shareholders’ agreement executed amongst the parties mentioned in point (a) above (“SHA”) is intended to govern the inter-se rights and obligations of the shareholders in relation to the management, administration, governance and affairs of HASPL, including matters relating to shareholding, board composition, affirmative voting rights, transfer of securities, business operations and other shareholder rights and obligations pursuant to the proposed investment and restructuring transaction.2026-06-03falseA shareholders’ agreement has been executed by and amongst the parties to the SSA, i.e., HASPL, HFCL, Mr. Anant Nahata, Mr. Sushant Mohan Gupta, Mrs. Shubhra Gupta, BAS Engineering Private Limited and ITI Holdings and Investment Private Limited, to govern their relationship as shareholders of HASPL, and their respective rights in relation to the management, administration and affairs of HASPL, which shall come into effect in accordance with the terms and conditions prescribed thereunder.Not Applicable7HFCL LimitedParty entering into the agreementYes1000001trueHolding Company of HFCL Advance Systems Private LimitedHFCL Advance Systems Private LimitedParty entering into the agreementNot Applicable00trueWholly owned Subsidiary of HFCL LimitedMr. Anant NahataParty entering into the agreementNot Applicable00truePromoter of HFCL LimitedMr. Sushant Mohan GuptaParty entering into the agreementNot Applicable00falseMrs. Shubhra GuptaParty entering into the agreementNot Applicable00falseBAS Engineering Private LimitedParty entering into the agreementNot Applicable00falseITI Holdings and Investment Private LimitedParty entering into the agreementNot Applicable00falsetruetrue2026-06-03The shareholders’ agreement executed amongst the parties mentioned in point (a) above (“SHA”) is intended to govern the inter-se rights and obligations of the shareholders in relation to the management, administration, governance and affairs of HASPL, including matters relating to shareholding, board composition, affirmative voting rights, transfer of securities, business operations and other shareholder rights and obligations pursuant to the proposed investment and restructuring transaction.The SHA, inter alia, provides for: (i) constitution of the board of directors comprising of 6 directors, with right of HFCL Group to nominate 4 directors and DMG Group to nominate 2 directors; (ii) affirmative voting rights/veto rights to DMG Group on specified matters for so long as prescribed shareholding threshold is maintained; (iii) pre-emptive right to subscribe to further issuance of securities to maintain shareholding on a fully diluted basis; (iv) restrictions on transfer of securities including lock-in restrictions; (v) right of first refusal (ROFR) in favour of: A. HFCL Group for transfer of securities by DMG Group/Other Investors; and B. in favour of DMG Group for transfer of securities by HFCL Group; (vi) tag along rights and drag along right (in favour of HFCL Group) in relation to transfer of securities; (vii) transfer restrictions in relation to transfer to competitors; (viii) governance and quorum rights in board and shareholders’ meetings; (ix) information and inspection rights; (x) non-compete and non-solicitation obligations; and (xi) fall-away of certain rights upon reduction of shareholding below the agreed threshold.trueEquity Shares10Not ApplicableThe SHA, inter alia, provides for: (i) constitution of the board of directors comprising of 6 directors, with right of HFCL Group to nominate 4 directors and DMG Group to nominate 2 directors; (ii) affirmative voting rights/veto rights to DMG Group on specified matters for so long as prescribed shareholding threshold is maintained; (iii) pre-emptive right to subscribe to further issuance of securities to maintain shareholding on a fully diluted basis; (iv) restrictions on transfer of securities including lock-in restrictions; (v) right of first refusal (ROFR) in favour of: A. HFCL Group for transfer of securities by DMG Group/Other Investors; and B. in favour of DMG Group for transfer of securities by HFCL Group; (vi) tag along rights and drag along right (in favour of HFCL Group) in relation to transfer of securities; (vii) transfer restrictions in relation to transfer to competitors; (viii) governance and quorum rights in board and shareholders’ meetings; (ix) information and inspection rights; (x) non-compete and non-solicitation obligations; and (xi) fall-away of certain rights upon reduction of shareholding below the agreed threshold.Pursuant to the transaction contemplated under the share subscription agreement executed amongst the parties mentioned in point (a) above (“SSA”), HASPL will issue 17,50,00,000 equity shares having face value of Rs.10 each, aggregating to Rs.175 Crore to the identified investors/shareholders, in accordance with the terms of the SSA and applicable law.