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( As on 03/06/2026 21:18)

HFCL - Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements

A shareholders' agreement has been executed by and amongst the parties to the SSA, i.e., HASPL, HFCL, Mr. Anant Nahata, Mr. Sushant Mohan Gupta, Mrs. Shubhra Gupta, BAS Engineering Private Limited and ITI Holdings and Investment Private Limited, to govern their relationship as shareholders of HASPL, and their respective rights in relation to the management, administration and affairs of HASPL, which shall come into effect in accordance with the terms and conditions prescribed thereunder. \r\nUpon consummation of the transactions envisaged under the HDSPL SPA, HASPL will make an investment in HDSPL for an aggregate amount of ?25 Crore which amount shall be utilized by HDSPL towards the acquisition of Aerostructure business of Defsys, on a slump sale and going concern basis for a cash consideration of ?25 Crore pursuant to a business transfer agreement executed amongst Defsys, HDSPL, DMG, Mr. Dev Mohan Gupta and Ms. Shubhra Gupta ('Defsys BTA').