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The above Un-audited Standalone & Consolidated Financial Results of the Company for the third quarter and nine months ended December 31, 2025 have been reviewed and recommended by the Audit Committee and were approved by the Board of Directors of the Company at their respective meetings held on February 03, 2026. <BR> 2. The above Results are in compliance with the Indian Accounting Standards (Ind-AS) as prescribed under Section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standards) Rules, 2021 (as amended). <BR> 3. (i) During the Financial year 2023-24, the Company had issued 5,10,14,491, equity shares of face value of Re. 1 each at an issue price of Rs.69/- per equity share (including premium of Rs.68/- per equity share), aggregating to Rs. 352.00 Crore approx. (including securities premium of Rs.346.90 Crore). The issue was made through eligible Qualified Institutions Placement (QIP) in terms of chapter VI of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 as amended, Section 42 & 62 and other relevant provisions of the Companies Act, 2013. Out of the proceeds from QIP issue, the Company had utilized Rs. 313.05 Crore ( including share issue expenses) towards purposes/objects specified in the placement document. The balance amount of QIP proceeds amounting to Rs. 38.95 Crore remains in monitoring account with scheduled commercial bank as an interim use of funds. Further, the balance unutilized amount of Rs.38.95 crores, originally earmarked for capital expenditure in accordance with the Placement Document dated August 31, 2023, was to be utilized by July 31, 2025. The Board, at its meeting held on July 25, 2025, had approved an extension of the timeline for utilization of the said amount up to March 31, 2026. <BR> (ii) During the quarter ended 31st December, 2025, the Company has issued 8,79,29,651, equity shares of face value of Re. 1 each at an issue price of Rs.62.55/- per equity share (including premium of Rs.61.55/- per equity share), aggregating to Rs. 550.00 Crore approx. (including securities premium of Rs.541.21 Crore). The issue was made through eligible Qualified Institutions Placement (QIP) in terms of chapter VI of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 as amended, Section 42 & 62 and other relevant provisions of the Companies Act, 2013. Out of the proceeds from QIP issue, the Company has utilized Rs. 399.39 Crore ( including share issue expenses) towards purposes/objects specified in the placement document during the current quarter ended 31st December 2025. The balance QIP proceeds amounting to Rs. 150.61 Crore remain invested in fixed deposit of Rs. 45.42 Crore and Rs. 105.19 Crore is lying in the monitoring and escrow account with scheduled commercial bank as an interim use of funds. <BR> 4. Pursuant to the notification issued by the Ministry of Labour & Employment on November 21, 2025, notifying the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively referred to as the Labour Codes), the Company has evaluated the impact of the said Codes on employee benefits. In accordance with Ind AS 19 Employee Benefits, the Company has recognized the resulting past service cost in respect of gratuity and compensated absences. Accordingly, an amount of Rs.8.46 crore on a standalone basis and Rs.8.91 crore on a consolidated basis has been recognized during the quarter ended December 31, 2025 and included under Employee benefit expense. <BR> 5. The Consolidated financial results for the third quarter and nine months ended December 31, 2025 includes the results of the following entities: <BR> a. HFCL Limited (HFCL) (Holding Company) <BR> b. HTL Limited (Subsidiary) <BR> c. Raddef Private Limited (Subsidiary) <BR> d. Moneta Finance Private Limited (Wholly owned Subsidiary) <BR> e. Polixel Security Systems Private Limited (Wholly owned Subsidiary) <BR> f. HFCL Advance Systems Private Limited (Wholly owned Subsidiary) <BR> g. DragonWave HFCL India Private Limited (Wholly owned Subsidiary) <BR> h. HFCL Technologies Private Limited (Wholly owned Subsidiary) <BR> i. HFCL Inc. United States of America, (Wholly owned Subsidiary) <BR> j. HFCL B.V. Netherlands, (Wholly owned Subsidiary) <BR> k. Nimpaa Telecommunications Private Limited (Jointly Controlled Entity) <BR> l. BigCat Wireless Private Limited (Jointly Controlled Entity) <BR> m. HFCL Canada Inc. Canada, (Wholly owned Subsidiary of HFCL B.V.- Netherlands) <BR> n. HFCL Poland Sp. z.o.o. (Formerly Blue Diwali Sp. z.o.o.), Poland, (Wholly owned Subsidiary of HFCL B.V.- Netherlands) (Voluntarily Liquidated and its name has been removed from National Court Register w.e.f. 02 January 2026) <BR> o. HFCL UK Limited, United Kingdom, (Wholly owned Subsidiary of HFCL B.V.- Netherlands) <BR> p. HFCL Pty Limited, Australia, (Wholly owned Subsidiary of HFCL B.V.- Netherlands) <BR> 6. Earning per share is not annualised for the quarter and nine months ended December 31, 2025, December 31, 2024 and quarter ended September 30, 2025 . <BR> 7. The figures of the previous periods have been re-grouped/ re-arranged wherever considered necessary. <BR> <BR> (Mahendra Nahata) <BR> Managing Director <BR> DIN 00052898 <BR> <BR> Place: New Delhi <BR> Date : 3rd February, 2026 2025-04-012025-12-31UnauditedStandalone30163000000443100000306061000001251130000011596300000-21671000002343900000155460000096470000027448000002954850000010576000000105760000017460000013010000030470000007529000000000752900000125100000878000000153020000010.520.52000.520.52Other Expense942200000Other Expense2744800000Telecom Products7020600000Turnkey Contracts and Services5218300000Others0Telecom Products16624700000Turnkey Contracts and Services13538300000Others01223890000030163000000001223890000030163000000Telecom Products1376500000Turnkey Contracts and Services-111000000Others0Telecom Products2655800000Turnkey Contracts and Services-282500000Others0126550000023733000005475000001554600000-71400000-2389000007894000001057600000Telecom Products35988000000Turnkey Contracts and Services37227700000Others073215700000893500000082150700000Telecom Products11358000000Turnkey Contracts and Services15128800000Others026486800000986980000036356600000Items that will not be reclassified to profit or loss-205000000-205000000Items that will not be reclassified to profit or loss1222000001222000002000003600000Items that will be reclassified to profit or loss-5700000-5700000Items that will be reclassified to profit or loss6500000650000000-210900000125100000QIP2023-08-3135200000002025-12-31trueCare Ratings LimitedfalseNot ApplicableNo CommentsNo CommentsMANOJ BAIDCompany Secretary and Compliance OfficerNEW DELHI2026-02-03QIP2025-12-2455000000002025-12-31trueCare Ratings LimitedfalseNot ApplicableNo commentsNo commentsCapital expenditureNA75000000003605000000Funds utilised during the quarter: Rs.3.74 CroresResearch and Development ExpenditureNA85000000008500000000Repayment/prepayment of our short term borrowingsNA74040000007404000000Funding Working Capital RequirementsNA75000000007500000000General corporate purposesNA3346000003365000003365000000The actual issue proceeds come to Rs.352 Crore approx. and as per placement document, the expenses related to the issue were estimated at Rs.9.50 Crores. However, the actual issue related expenses incurred as on December 31, 2023 were Rs.9.31 Crores. Accordingly, the balance unutilised Rs.0.19 Crore were already transferred to the Monitoring Account on December 30, 2023. <br></br> <br></br> During the quarter ended December 31, 2023, the utilisation of funds under the object General corporate purposes increased from estimated amount of Rs.33.46 Crore to Rs.33.65 Crore due to decline in actualization of issue expenses from the estimated issue expenses by Rs.0.19 Crore. <br></br> <br></br> Accordingly, the net issue proceeds allocated towards various Objects are Rs.342.69 Crore. <br></br> Capital expenditure towards purchase of Plant and Machinery: Expansion of Optical Fibre CableNA3500000000168000000Funds utilised during the quarter : Rs.1.68 CoresFunding expenditure towards Research and Development initiatives including acquisition of technologiesNA5000000000125000000Funds utilised during the quarter : Rs.1.25 CoresRepayment/prepayment of our long term / short term borrowings availed from banks / othersNA105000000008500000000Funds utilised during the quarter : Rs.85 .00 CoresFunding our long-term working capital requirementsNA2600000000021458000000Funds utilised during the quarter : Rs.214.58 CoresGeneral corporate purposesNA93000000009025000000Funds utilised during the quarter : Rs.90.25 Cores <br></br> <br></br> <br></br> The actual issue proceeds come to Rs.550 Crore approx. and as per placement document, the expenses related to the issue were estimated at Rs.7 Crore. However, the actual expenses incurred as on December 31, 2025 are Rs.6.63 crore. The balance Rs.0.37 crore has been transferred to monitoring account. Accordingly, the net issue proceeds allocated towards various Objects is Rs.543 crore. <br></br> <br></br>