HFCL Ltd

In terms of Regulation 30 read with Part A of Schedule III to the SEBI Listing Regulations we would like to inform all our stakeholders that the Board of Directors at its meeting held today has inter-alia considered and approved the following:-In continuation to our earlier announcement dated January 23 2023 we would like to update that with a move aimed at twin objectives of margin accretion and insulation from sourcing vagaries the Board has now decided to further expand the current capacity of optical fiber manufacturing from 10 mn fkm/p.a. to 33.90 mn fkm/p.a. instead of 24.94 mn fkm as planned earlier in the State of Telangana where Companys optical fiber manufacturing facility is already operational.A snapshot of the proposed capacity expansion and capital budget is as per attached letter.