Telecanor global has announced the withdrawal of a proposed warrant allottee from its ongoing preferential issue due to documentation issues. The company informed BSE Limited about this development through a regulatory filing under Regulation 30 of SEBI (LODR) Regulations, 2015.

Withdrawal Details

The company has withdrawn Mr. Maruti Ram Praturi as a proposed warrant allottee from its preferential issue. This decision was made due to the unavailability of certain requisite documents relating to pledging shares that were required by BSE Limited for processing the in-principle application.

Impact on Preferential Issue

The withdrawal of Mr. Maruti Ram Praturi has several consequential effects on the preferential issue structure:

• Changes to the overall issue size
• Modifications to the objects of the preferential issue
• Adjustments in amounts and percentages of post allotment of equity shares
• Withdrawal of warrant issuance to the concerned allottee

Continuity of Other Provisions

Despite the withdrawal, Telecanor Global clarified that all other aspects of the preferential issue remain intact. The company specifically mentioned that except for the withdrawal of Mr. Maruti Ram Praturi and its consequential changes, there are no other modifications to the notice.

Regulatory Compliance

The announcement was made in continuation of the company's Board Meeting outcome held on February 05, 2026, and the Notice of the Extraordinary General Meeting dated February 05, 2026. The communication was signed by Pilli Swetha, Whole-time Director with DIN: 06397865, ensuring proper authorization and compliance with regulatory requirements.

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.