This is in continuation to our earlier announcement submitted on February 21 2024.We would like to inform all our stakeholders that in order to boost export market share for Optical Fiber Cable (OFC) business and to strategically position itself within the EU region to capitalise business opportunities HFCL B.V. a wholly owned subsidiary of HFCL Limited in Netherlands has acquired 100% stake in Blue Diwali Sp. z.o.o. a company registered in state of Warsaw Poland. Consequently Blue Diwali Sp. z.o.o. has become a wholly owned subsidiary of HFCL B.V. and also a step-down wholly owned subsidiary of the Company.The details as required under SEBI Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13 2023 are as per attached letter.
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