HFCL Limited has announced the opening of a special window for the re-lodgment of physical share transfer requests, following a Securities and Exchange Board of India (SEBI) circular dated January 30, 2026. This initiative aims to facilitate ease of investing for investors and secure their rights in securities purchased before the mandatory dematerialization deadline.

Special Window Details

SEBI, through circular no. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026, has decided to open another special window for a period of one year. The window will operate from February 05, 2026 to February 04, 2027, specifically for the transfer of physical shares that were sold or purchased prior to April 01, 2019.

This special window covers transfer requests that were previously submitted but were rejected, returned, or not attended to due to deficiencies in documents, processes, or other reasons.

Transfer Conditions and Restrictions

During this period, securities transferred will be mandatorily credited to the transferee only in dematerialized (demat) mode. These securities will remain under lock-in for a period of one year from the date of registration of transfer.

Important restrictions during the lock-in period include:

• Securities cannot be transferred
• Lien-marking is not permitted
• Pledging is prohibited

Registrar and Share Transfer Agent Details

Eligible investors are encouraged to submit their requisite documents to the company's Registrar and Share Transfer Agent within the specified period:

Public Notice and Compliance

Pursuant to the SEBI circular, HFCL Limited has published newspaper advertisements containing information about the special window opening. The advertisements were published on Tuesday, March 31, 2026, in the following editions:

• The Indian Express (Delhi & Chandigarh) – English
• Divya Himachal (Shimla) – Hindi
• Jansatta (Chandigarh) – Hindi

The company has also made this information available on its official website at www.hfcl.com for broader accessibility and transparency.

Regulatory Framework

This initiative falls under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has duly informed both BSE Ltd. (Security Code: 500183) and National Stock Exchange of India Ltd. (Security Code: HFCL) about this development, requesting them to disseminate the information on their respective websites.

The special window represents SEBI's continued efforts to facilitate investor convenience while ensuring proper regulatory compliance in the securities market. Investors holding physical shares from the specified period are advised to take advantage of this one-time opportunity within the designated timeframe.

HFCL has unveiled ambitious expansion plans that include the establishment of new manufacturing plants, following a significant capacity investment program. The telecommunications equipment manufacturer's strategic initiative comes in response to robust market demand and a strong order pipeline.

Investment and Expansion Strategy

The company has committed to investing Rs 800-900 crores specifically for capacity expansion purposes. This substantial financial commitment demonstrates HFCL's confidence in market opportunities and its determination to scale operations to meet growing demand.

Market Drivers and Demand Factors

The expansion decision is primarily driven by strong demand from the data centre sector, which has emerged as a key growth driver for telecommunications infrastructure companies. The robust data centre demand reflects the broader digital transformation trends and increasing data consumption patterns across various industries.

Order Book Strength

HFCL's decision to expand is supported by its impressive order book, which exceeds Rs 10,000 crores. This substantial order pipeline provides the company with revenue visibility and justifies the significant capital investment in new manufacturing facilities.

Strategic Positioning

The new manufacturing plants represent HFCL's strategic response to capitalize on the growing telecommunications and data infrastructure market. By expanding its production capacity, the company aims to better serve its customers and capture a larger market share in the evolving technology landscape.