TeleCanor Global Limited's Board of Directors has approved exploring the development of an industrial park project on company-owned land in Andhra Pradesh. The decision was made during a board meeting held on March 25, 2026, as disclosed under Regulation 30 of SEBI listing requirements to BSE Limited.

Project Overview and Strategic Location

The proposed industrial park will be developed on a land parcel measuring approximately 72 acres, situated in Rambilli Mandal, Anakapalli District, Andhra Pradesh. The strategic location is positioned within a short distance from the proposed Google AI hub, potentially offering synergistic benefits for future tenants and operations.

The board has conceptualized the development as a "plug-and-play" industrial ecosystem, designed to accommodate manufacturing, logistics, warehousing, and ancillary service infrastructure. This comprehensive approach aims to create an integrated industrial environment catering to diverse business requirements.

Proposed Land Allocation Framework

The preliminary conceptual plan outlines the following tentative sectoral allocation for the industrial park:

The company emphasizes that this allocation framework is indicative and subject to modification based on regulatory norms, technical feasibility, and commercial considerations.

Infrastructure Development Plans

Subject to necessary approvals and final project structuring, the proposed development may include several key infrastructure components:

• Internal road infrastructure and comprehensive site development
• Power distribution systems and water supply networks
• Environmental management and waste treatment infrastructure
• Common utilities and shared industrial facilities

These infrastructure elements are designed to support the plug-and-play concept, enabling businesses to commence operations with minimal setup requirements.

Current Project Status and Regulatory Position

TeleCanor Global has clarified that the project remains at a preliminary evaluation stage with several important considerations:

The company has not executed any binding agreements or definitive development arrangements as of the announcement date. The project requires detailed feasibility studies, statutory approvals, environmental clearances, and compliance with various regulatory requirements before proceeding to implementation.

Strategic Alignment and Future Prospects

The proposed industrial park aligns with TeleCanor Global's strategy to explore value creation opportunities from existing land assets and diversify business operations over the long term. While the project presents potential for creating additional revenue streams, the actual financial impact will depend on multiple factors including project structuring, regulatory approvals, market conditions, and execution capabilities.

The board meeting commenced at 9:00 AM and concluded at 9:25 AM on March 25, 2026. The regulatory filing was signed by Swetha Pilli, Whole-time Director, and submitted to BSE Limited under scrip code 530595.

TeleCanor Global Limited has announced the resignation of Independent Director Mr. Seshachary Phaniharam, effective March 23, 2026. The resignation was submitted with immediate effect due to health issues, as communicated to the BSE under regulatory compliance requirements.

Resignation Details

The company filed the resignation intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resignation letter was dated March 23, 2026, and the cessation became effective immediately.

Regulatory Compliance

The resignation disclosure was made in compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company provided all required details including the resignation letter and confirmation from the departing director.

Mr. Phaniharam confirmed in his resignation letter that there are no material reasons for his departure other than the health issues stated. He does not hold directorships in any other listed companies.

Board Acknowledgment

The Board of Directors and management placed on record their sincere appreciation for Mr. Phaniharam's contributions during his association with the company as Independent Director. The resignation letter expressed gratitude for the support received from fellow directors and company employees.

The company has initiated the process of updating records with the Registrar of Companies within the prescribed timeframe and has informed the stock exchanges where the company's securities are listed, ensuring full compliance with applicable SEBI regulations.