Hindustan organic chemicals Limited has announced the placement of a Letter of Intent with M/s. Link Legal, New Delhi, for consultancy services related to the closure activities of its subsidiary company Hindustan Fluorocarbons Limited (HFL). The company informed BSE Limited about this development under Regulation 30 of SEBI LODR Regulations.

Contract Details and Scope

The consultancy engagement involves carrying out closure-related activities for HFL, the subsidiary of HOCL. The company has emphasized that only a Letter of Intent has been placed with the consultant based on the Request for Proposal (RFP) published by HOCL. A formal work order containing comprehensive terms and conditions, including the final scope of work, will be awarded separately.

Financial and Commercial Terms

The contract specifications reveal important commercial considerations for the engagement:

Regulatory Compliance and Disclosures

The company has provided mandatory disclosures as required under SEBI regulations. The engagement does not involve any promoter interest in the consultant entity, and the transaction does not fall within the scope of related party transactions. This ensures compliance with corporate governance norms and maintains transparency in business dealings.

Implementation Timeline

The one-year timeframe associated with the consultancy order indicates a structured approach to the subsidiary closure activities. The phased implementation, beginning with the Letter of Intent and followed by a formal work order, demonstrates systematic project management for the HFL closure process.

The announcement reflects HOCL's commitment to proper closure procedures for its subsidiary operations while maintaining regulatory compliance and transparent disclosure practices to stakeholders and stock exchanges.

Hindustan Organic Chemicals Limited (HOCL) has submitted a corporate announcement to BSE Limited regarding newspaper advertisements published for the exit opportunity available to residual public shareholders of its subsidiary Hindustan Fluorocarbons Limited (HFL).

Corporate Announcement Details

The announcement, dated March 14, 2026, was submitted by Company Secretary & Compliance Officer Subramonian H to BSE Limited. The communication references scrip code 500449 and pertains to the ongoing delisting process of HFL.

Delisting Process Update

According to the announcement, HFL has been delisted from BSE records effective February 6, 2026. The merchant banker, Capital Square Advisors Private Limited, has published follow-up communications in multiple newspapers on behalf of HOCL as the acquirer.

Newspaper Publications

The exit opportunity advertisements were published in:

• Financial Express (all editions)
• Jan Satta (Hindi all editions)
• Nava Telangana (Telugu Hyderabad edition)

Exit Opportunity Framework

The exit opportunity for residual public shareholders remains available from February 6, 2026, until May 6, 2026, as per the Letter of Offer provisions and SEBI communication dated February 13, 2026.

Shareholder Information Access

Residual shareholders can access the Letter of Offer and requisite exit forms through multiple channels:

• Company website: www.hfl.co.in/voluntary-delisting
• Manager website: www.capitalsquare.in
• Email requests to: cs@hoclindia.com or mb@capitalsquare.in

Manager Details

Capital Square Advisors Private Limited serves as the Manager to the Offer with the following credentials:

Regulatory Compliance

The corporate announcement ensures compliance with regulatory requirements for delisting processes. HOCL, as the acquirer and member of HFL's promoter group, is facilitating the exit mechanism for shareholders who did not participate in the initial delisting offer period.

The announcement emphasizes that Exit Letters of Offer will be dispatched individually to residual shareholders, providing detailed procedures and forms for tendering equity shares before the exit window closes.