This is in continuation to our earlier announcement submitted on February 21, 2024.\r\n\r\nWe would like to inform all our stakeholders that, in order to boost export market share for Optical Fiber Cable (OFC) business and to strategically position itself within the EU region to capitalise business opportunities, HFCL B.V., a wholly owned subsidiary of HFCL Limited in Netherlands, has acquired 100% stake in Blue Diwali Sp. z.o.o., a company registered in state of Warsaw, Poland. Consequently, Blue Diwali Sp. z.o.o., has become a wholly owned subsidiary of HFCL B.V. and also a step-down wholly owned subsidiary of the Company.\r\n\r\nThe details as required under SEBI Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023 are as per attached letter.\r\n