Reliance Communications Limited has informed stock exchanges about the dissolution of its foreign step-down subsidiary, Reliance Telecom Infrastructure (Cyprus) Holdings Limited, in a regulatory filing dated April 17, 2026. The dissolution was discovered during a routine compliance review conducted through a consultant.

Subsidiary Status Change

The company reported that the status of Reliance Telecom Infrastructure (Cyprus) Holdings Limited has changed from "Active" to "Dissolved" according to information available on the official website of the Department of Registrar of Companies, Cyprus. The discovery was made during routine compliance procedures, and the company has provided relevant documentation from the Cyprus registrar as evidence.

Regulatory Disclosure Details

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing included comprehensive details as required under SEBI regulations:

Company's Response and Assessment

Reliance Communications has stated that it is currently examining the implications of the dissolution and evaluating any necessary actions that may need to be taken. The company has clarified that no violation or contravention has been reported in connection with this dissolution.

The telecommunications company emphasized that there is no material impact expected on its financial position or operational activities as a result of this subsidiary dissolution. The company is conducting a thorough review to determine if any follow-up actions are required.

Corporate Status Context

The filing includes a note that Reliance Communications Limited has been under corporate insolvency resolution process pursuant to the Insolvency and Bankruptcy Code, 2016, since June 28, 2019. The company's affairs, business and assets are currently being managed by Resolution Professional Mr. Anish Niranjan Nanavaty, appointed by the National Company Law Tribunal, Mumbai Bench.

The disclosure demonstrates the company's commitment to maintaining transparency with stakeholders and regulatory compliance despite its current insolvency proceedings. The routine compliance review that led to this discovery reflects ongoing monitoring of subsidiary entities across jurisdictions.

Reliance Communications has disclosed to stock exchanges that Central Bureau of Investigation officials conducted a search and seizure operation at the office premises of its wholly owned subsidiary Reliance Telecom Limited on March 26, 2026. The operation took place at B Block, Dhirubhai Ambani Knowledge City, Navi Mumbai, with the company filing the mandatory disclosure under Regulation 30 of SEBI Listing Regulations.

Search Operation Details

The CBI officials conducted the search and seizure operation under provisions of Section 185 and Section 103(6) of the Bhartiya Nagarik Suraksha Sanhita, 2023. During the operation, officials took possession of extensive documentation related to the subsidiary's financial and banking activities.

Documents Seized

The investigation agency seized a comprehensive range of financial documents spanning approximately seven years. The seized materials included original and copies of correspondence between Reliance Telecom Limited and various financial institutions regarding credit facilities, loan sanctions, and banking operations.

Key documents seized include:

• Letters exchanged with banks and financial institutions regarding extension, renewal, and review of credit facilities
• Sanction communications for term loans and working capital limits
• Due diligence reports prepared by the Practicing Company Secretary
• End use certificates and banking correspondence from 2012 to 2019
• Original signed financial statements from FY 2012-13 to FY 2018-19
• Portable SSD containing books of accounts data and related party transaction summaries

Business Impact Assessment

Reliance Communications stated that the search and seizure operation is not expected to have any impact on the financial or operational activities of either the parent company or its subsidiary. Both entities continue to operate their business in the normal course despite the investigation.

Corporate Insolvency Status

Both Reliance Communications and Reliance Telecom Limited are currently undergoing corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016. The companies benefit from protections available under IBC provisions, with their affairs being managed by Resolution Professional Anish Niranjan Nanavaty since June 28, 2019, following orders from the National Company Law Tribunal, Mumbai Bench.

The disclosure was made in compliance with SEBI regulations and circular requirements, ensuring transparency regarding regulatory actions affecting the listed entity and its subsidiaries.