HFCL Limited

rs,

a Ltd. April 30, 2026 Floor, New Trading Wing, Rotunda Building st 1 Phiroze Jeejeebhoy Towers, Dalal Street, Fort Mumbai – 400001 Security Code No.: 500183 corp.relations@bseindia.com th F

43 million

positioning. international its We are on track to enhance our OFC manufacturing capacity to ~43 million fkm by June 2026. We also expanded optical fibre capacity to ~28 million fkm from 14 million fkm,

28 million

nufacturing capacity to ~43 million fkm by June 2026. We also expanded optical fibre capacity to ~28 million fkm from 14 million fkm, with the next phase targeting ~33.9 million fkm by December 2026. Alongs

14 million

to ~43 million fkm by June 2026. We also expanded optical fibre capacity to ~28 million fkm from 14 million fkm, with the next phase targeting ~33.9 million fkm by December 2026. Alongside our planned entr

33.9 million

ded optical fibre capacity to ~28 million fkm from 14 million fkm, with the next phase targeting ~33.9 million fkm by December 2026. Alongside our planned entry into preform manufacturing, these supply-chain

₹1,930 crore

long-standing customer relationships, and a confirmed export-oriented order book of approximately ₹1,930 crore, providing immediate revenue visibility The proposed issuance of warrants to promoter reflects

INR 13,483 Crore

UNIFIED DEFENCE PLATFORM INTEGRATED BROADBAND & WIRELESS ACCESS PLATFORM QUALITY OVER QUANTITY INR 13,483 Crore total ORDER BOOK including 12,248 crores of export orders ~INR 2,230 Crore total ORDER BOOK inc

12,248 crore

ND & WIRELESS ACCESS PLATFORM QUALITY OVER QUANTITY INR 13,483 Crore total ORDER BOOK including 12,248 crores of export orders ~INR 2,230 Crore total ORDER BOOK including 1,930 crores of export orders thr

INR 2,230 Crore

ALITY OVER QUANTITY INR 13,483 Crore total ORDER BOOK including 12,248 crores of export orders ~INR 2,230 Crore total ORDER BOOK including 1,930 crores of export orders through proposed aerospace business bei

1,930 crore

ORDER BOOK including 12,248 crores of export orders ~INR 2,230 Crore total ORDER BOOK including 1,930 crores of export orders through proposed aerospace business being acquired INR 804 Crore total ORDER B

INR 804 Crore

BOOK including 1,930 crores of export orders through proposed aerospace business being acquired INR 804 Crore total ORDER BOOK INR 6,620 Crore total ORDER BOOK • OFC capacity: 34 mn fkm p.a.​ • Optical Fiber

INR 6,620 Crore

export orders through proposed aerospace business being acquired INR 804 Crore total ORDER BOOK INR 6,620 Crore total ORDER BOOK • OFC capacity: 34 mn fkm p.a.​ • Optical Fiber capacity doubled to 28 mn fkm •

“Own preform = ₹580 Cr project, warrants fund the bulk.”

“• ₹ 500 crore, BSNL OTN expansion • BharatNet central NOC (CNOC) project worth ₹ 800 crore capex of INR 56,982 crores for 4G expansion and phased 5G rollout • A nationwide Optical Fiber Cable (OFC) ring project, including regional sub-rings, is currently under evaluation for Railways.”

“• The project is expected to require 20,000 – 30,000 km of high-quality OFC.”

“Crore 1,824 1,211 801 20.1% 244 337 18.5% 184 10.1% 102 8.5% -2.8% -22 -10.4% -83 Q4FY25 Q3FY26 Q4FY26 Q4FY25 Q3FY26 Q4FY26 Q4FY25 Q3FY26 Q4FY26 H F C L L I M I T E D | I N V E S T O R P R E S E N T A T I O N 2 0 2 6 INTRODUCTION STRATEGY AND FOCUS OPPORTUNITY SIZE OUR ASPIRATION FINANCIAL HIGHLIGHTS ESG/CSR APPENDIX 28 FY26 Financial Highlights Revenue from Operations EBITDA & EBITDA Margin PAT & PAT Margin Al l n umb ers i n Rs.”

“Has 4 decades of experience in marketing, project appraisal, strategy, planning.”

“Over 3 decades experience in high-tech sector with focus on innovation and new technologies DEVENDER KUMAR Executive President (Project Delivery) B.E.”

“Over 3 decades experience in heading telecom service delivery and project management H F C L L I M I T E D | I N V E S T O R P R E S E N T A T I O N 2 0 2 6 INTRODUCTION STRATEGY AND FOCUS OPPORTUNITY SIZE OUR ASPIRATION FINANCIAL HIGHLIGHTS ESG/CSR APPENDIX 38 Management Team MANOJ BAID President & Company Secretary SANJAY VITHALRAO JORAPUR President – (Human Resources) NEELU CHANDRA President (CSR) SUNIL KUMAR PANDEY Chief Information Officer B.Com, CS.”

SCORE

8

Promoter Warrant

1

OPPORTUNITIES IN

1

Achievement

1

Promoter Warrant

Strong Vote of Confidence Backing Growth ₹555 Cr PROMOTER PROPOSED WARRANT INFUSION AT ₹74 PER SHARE | 18 MONTHS CONVERSION WINDOW Warrant exercise at market- linked price = promoter committing to long-term value creation, not a token gesture. Aligned promoters, funded growth, and a stronger balance sheet — a decisive inflection point USE OF ₹555 CR & BALANCE SHEET IMPACT ~32% ~₹175 Cr ~9% ~₹50 Cr Preform Plant (₹580 Cr total) Defence Expansion ~16% ~43% ~₹90 Cr HASPL Core margin-expansion capex. Own preform = ₹580 Cr project, warrants fund the bulk. Funding the capital expenditure for establishing a defence manufacturing facility in Andhra Pradesh Invest into equity shares of HASPL ~₹240 Cr General Corporate Purpose & Working Capital Setting up new offices and business development, loans to subsidiaries, marketing, operating expenses WHAT THIS SIGNALS TO THE MARKET Conviction, Not Dilution Strong conviction on Company’s growth prospects H F C L L I M I T E D | I N V E S T O R P R E S

OPPORTUNITIES IN

• Data centers - fueled by the increasing need for robust data infrastructure. SHIFT TO STABLE, MARGIN-FOCUSED EXECUTION • Stable, long-tenure revenue stream • Working capital cycle improving • Selective and disciplined bidding strategy • Strategic repositioning from volume driven EPC to profitable, cash-efficient growth H F C L L I M I T E D | I N V E S T O R P R E S E N T A T I O N 2 0 2 6 INTRODUCTION STRATEGY AND FOCUS OPPORTUNITY SIZE OUR ASPIRATION FINANCIAL HIGHLIGHTS ESG/CSR APPENDIX 24 / / C H A P T E R 0 4 HFCL - Aspiration 25 Aspiring To Deliver Sustained Growth With Structurally Higher Margins H F C L L I M I T E D | I N V E S T O R P R E S E N T A T I O N 2 0 2 6 INTRODUCTION STRATEGY AND FOCUS OPPORTUNITY SIZE OUR ASPIRATION FINANCIAL HIGHLIGHTS ESG/CSR APPENDIX 25 Aspiring to Deliver Sustained Growth with Structurally Higher Margins POTENTIAL TO REACH ₹ 10,000+ CRORES REVENUE IN FY29 INCREMENTAL REVENUE POTENTIAL REVENUE ENHANCEMENT LEVERS FY29E 10,000 FY26 4,949 FY25 4,

SCORE

73/100 (Good) SES (MAR 2025) ESG Risks (MAR 2026) NSE Sustainability (APRIL 2026) CRISIL ESG (SEPT 2025)

SCORE

55/100 (Adequate) H F C L L I M I T E D | I N V E S T O R P R E S E N T A T I O N 2 0 2 6 INTRODUCTION STRATEGY AND FOCUS OPPORTUNITY SIZE OUR ASPIRATION FINANCIAL HIGHLIGHTS ESG/CSR APPENDIX 34 Promoting Inclusive Growth CUMULATIVE IMPACT 55 TOTAL CSR SPEND (₹ IN CRORE) 1 Mn+ BENEFICIARIES IMPACTED FY 2025- 26 ~7 SPEND (₹ IN CRORE) 1.2 Lac+ LIVES TOUCHED H F C L L I M I T E D | I N V E S T O R P R E S E N T A T I O N 2 0 2 6 INTRODUCTION STRATEGY AND FOCUS OPPORTUNITY SIZE OUR ASPIRATION FINANCIAL HIGHLIGHTS ESG/CSR APPENDIX 35 / / C H A P T E R 0 7 Appendix 36 Board of Directors 37-38 Management Team 39 Shareholders Information 40 Abbreviations / Description 41-46 Market Opportunity- Telecom and Networking 47 Market Opportunity- Defence H F C L L I M I T E D | I N V E S T O R P R E S E N T A T I O N 2 0 2 6 INTRODUCTION STRATEGY AND FOCUS OPPORTUNITY SIZE OUR ASPIRATION FINANCIAL HIGHLIGHTS ESG/CSR APPENDIX 36 Board of Directors MAHENDRA NAHATA P R O M O T E R A N D M A N A G I N G D