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1 JASANI :+ L HFCL/SEC/1819/ 3Pt October, j An Environment conscious company certified to ISO Standard ' HIMACHAL FUTURISTIC COMMUNICATIONS LTD 8, Commercial Complex, Masjid Moth, Greater Kailash II, New Delhi , India Tel : (+91 11) , Fax : (+91 11) Web wwwhfclcom secretarial@hfclcom To The Secretary The National Stock Exchange of India Limited Exchange Plaza, 5th Floor Plot no C1, Block G Bandra Kurla Complex, Bandra(East) Mumbai The Secretary BSE Limited 27th Floor Phiroze Jeejeebhoy Towers Dalal Street Mumbai Dear Sir, Sub: Outcome of Board Meeting This is to inform you that the Board of Directors of the Company at its Meeting held on 3Pt October, 2018, have interalia taken the following decisions: 1 Pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 approved the Unaudited Standalone Financial Results for the second quarter and half year ended 3Pt October, 2018 which have been reviewed by the Audit Committee Arrangements have also been made to publish the Financial Results in the Newspapers The Statutory Auditors of the Company have carried out a Limited Review of the Unaudited Standalone Financial Results for the second quarter and half year ended 30th September, 2018 A Copy of Limited Review report is enclosed herewith The highlights of financial results are given below: 1 Financial Highlights for the second quarter and half year ended 30th September, 2018: Quarter ended 30th September, 2018 a Revenue up by 9764% to Rs crores as compared to Rs57550 crores in Q2 of FY 2017; b EBIDTA and PBT increased to Rs8272 crores and Rs 6108 crores as compared to Rs 6089 crores and Rs4046 crores respectively in Q2 of FY 2017; c EBIDTA margin has declined to 727% as compared to 1058% in quarter ended 30th September, 2017 due to foreign exchange variations; d PBT margin has declined to 537% as compared to 703% in quarter ended 30th September, 2017 due to foreign exchange variations; Half year ended 30th September, 2018 a Half yearly Revenue is up by 5220% to Rs crores as compared to Rs crores in half year ended 30th September0'6Coos 2017 ra b Half' earl EBIDTA and PBT increased to Rs17185 crores and RsV~~ Regd Office & Works: 8, Electronics Complex, Chambaghat, Solan (HP) Tel: (01792) ,230645, Fax: (01792) Corporate Identity Number: L64200HP1987PLC007466

2 13122 crores as compared to Rs crores and Rs8060 crores respectively in half year ended 30th September, 2017; c Half yearly EBIDTA margin has slightly declined to 792% as compared to 848% in half year ended 30th September, 2017 due to foreign exchange variations; d PBT margin has improved to 605% as compared to 565% in half year ended 30th September, 2017; e Half yearly PAT up by 6556% to Rs8412 crores as compared to Rs5081 cores in half year ended 30th September, 2017; f Book value per equity share increased to Rs1041 as compared to Rs884 in half year ended 30th September, 2017 As per long term business cycle, the Company's Q1 and Q2 are seasonally low quarters with the higher execution taking place in the second half 2 Robust Order book of more than Rs10200 crores approx including Advance Purchase Orders worth Rs3190 crores approx as on 30th September, Post implementation of Expansion Programme, the annual capacity of Optical Fibre cable manufacturing will increase by April 2019: a) From 84 Mn FKM to 15 Mn FKM on standalone basis; b) From 12 Mn FKM to 22 Mn FKM on consolidated basis (including capacity of subsidiary company) 4 Manufacturing of Optical Fibre (New Green Field Project) with annual capacity of 64 Mn FKM is expected to be operational by May 2019 This backward integration will enhance the overall operating margins of Optical Fibre Cable Manufacturing 5 Focused on delivering nondilutive growth with sharp focus on improving Return on Equity and Free Cash Flow 2 Declared First Interim Dividend of Rs 325 per share on 60,37,500 Cumulative Redeemable Preference Shares (CRPS) of Rs 100/ each for the financial year The Board of Directors has fixed 16th November, 2018 as the Record Date to determine the name of the Preference Shareholders eligible for interim dividend on CRPS as required under Regulation 42 of SEBI Regulations The Interim dividend shall be paid within thirty days from the date of declaration to those Preference Shareholders, whose name shall appear in the Company's Register of Preference Shareholders as on 16th November, 2018 The above may kindly be taken on your records Thanking you, (Manoj Baid) VicePresident (Corporate) & Company Secretary

3 IIIMACHAL FUTURISTIC COMMUNICATIONS LIMITED Regd Offic :' : 8,Eiectronics Complex, Chambaghat, Solan (Himachal Pradesh) Tel: ( ) , Fax No( ) , secretarial@hfclcom Website: wwwhfclcom I Corporate Identity Number (CIN): L64200HP1987PLC STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND THE HALF YEAR ENDED 30TH SEPTEMBER, 2018 (Rs in Crore except per share data) Standalone SL No : Particulars Three months ended September 30th 2018 Unaudited Preceding three Corresponding months ended three months ended in the orevious vear June September 30th th 2017 : Unandited Unaudited Year to date f"jgnres for the current period ended September 30th 2018 Unaudited Year to date Previous figures for the Financial Year previous period ended ended September March 30th st 2018 Unaudited Audited I INCOME Revenue from Operations (refer note 5) Other Income Income 1, , , , , , , , ,10364 ll EXPENSES Cost of materials/services consumed Purchases of stockintrade Change in inventories of finished goods, workin progress and stockin trade Excise Duty Employee benefits expenses Finance costs Depreciation and Amortisation expenses Other expenses Expenses , (7136) (6858) , , , (388) , ,89820 III Profit I (loss) before, exceptional items and tax (Ill) IV Exceptional item 179 v Profit I (Loss) before tax (llliv) VI Tax expense Current Tax (including earlier year taxes) Deferred Tax Profit I (Loss) after tax for the period from continuing vu operations (V VI) VIII Other Comprehensive Income Items that will not be reclassified to profit or loss Income tax on above item Items that will be reclassified to profit or loss Other comprehensive income for the period after tax 211 (099) 112 (307) (094) 101 (206) (094) (096) 002 (094) 116 (034) (022) 116 (056) lx comprehensive income for the period (VII+ VIII) X Paidup Equity Share Capital (Face value of ReII each) XI Other Equity 1,09206 XII Earnings per Share (face value of Re II each) Basic Diluted

Cont Unaudited S,tandalone segment wise revenue, results for the Quarter and half year ended 30th September, 2018 (Rs in Crore except per share data) Standalone Three months Preceding three

4 Cont Unaudited S,tandalone segment wise revenue, results for the Quarter and half year ended 30th September, 2018 (Rs in Crore except per share data) Standalone Three months Preceding three Corresponding Year to date Year to date Previous ended months ended three months f"~gures for tbe figures for the SL Financial Year Particulars Pnrln in fhp nrrpnf n,rinfl nrpvinn< n,rinfl Pnflffi No September June September September September March 30th th iot8 30th th th st 2018 Unailditoo Unaudited Unaudited Unaudited Unaudited Audited 1 Segment Revenue a Telecom Products b Turnkey Contracts and Services , , , , , , , ,08417 Less: Inter segment revenue Revenue from Operations 2 Segment Results Profit /(Loss) before tax and interest a Telecom Products b Turnkey Contracts and Services Less: i Interest ii Other unallocable expenditure net off iii U n allocable income 1, , , , , tt 81 I (028) (191) (!50) (001) (341) (001) (539) Profit before Tax 3 Segment Assets a Telecom Products b Turnkey Contracts and Services d U n allocated , , , , , , , , , , Segment Liabilities a Telecom Products b Turnkey Contracts and Services d Unallocated , , , , , ,32982 Notes: I The above Unaudited Standalone Financial Results of the Company for the second quarter and half year ended 30th September, 2018 as reviewed by the Audit Committee were approved by the Board of Directors at their meeting held on 31st October, 2018 The Statutory Auditors ofthe Company have carried out a Limited Review of aforesaid results 2 The Board of directors of the Company at its meeting held on 31st October, 2018 has declared first interim dividend of Rs325 per share on 65%, 60,37,500, Cumulative Redeemable Preference Shares (CRPS) of Rs!OO/ each 3 The above Unaudited Standalone Financial Results of the Company are in compliance with Indian Accounting Standard (lndas) prescribed under Companies (Indian Accounting Standard) Rules, The Nomination, Remuneration and Compensation Committee of the Board of Directors of the Company at its meeting held on 15th October, 2018 has approved the grant o Performance based 70,49,000 Employee Stock Options (Options) and 70,49,000 Restricted Stock Units (RSUs) each convertible into equal number ofequity shares ofthe Company of the face value of Rell each to the eligible employees of the Company and its subsidiary company ie HTL Limited under the Himachal Futuristic Communications Limited (HFCL) Employees' Long Term Incentive Plan 2017 ( HFCL Plan 20 17) 5 In accordance with the requirements of!nd AS, revenue is net ofgoods & Services Tax (GST) However, revenue upto quarter ended June 30th, 2017 is inclusive ofexcise duty 6 Other expenses for the current quarter includes Rs1463 Crore (Previous quarter Rs263 Crore) on account of foreign exchange variations 7 Disclosure in compliance with Regulation 52(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the second quarter and half year ended 30th September, 2018 (i) 60,37,500, 65% Cumulative Redeemable Preference Shares (CRPS) issued by the Company have been assigned the rating ofbbb +by the Care Ratings Limited (ii) The Company has paid I declared dividend on CRPS in time The last dividend payment was made on The next dividend due in September 2018 will be paid in November 2018 after its declaration by the Board of Directors The 25% ofcrps has already been redeemed in the financial year and 75% will be redeemed in current financial year (iii) Net worth as on 30th September, 2018 :Rsl29022 Crore (iv) Net Profit after Tax (before other comprehensive income) for the half year ended Rs8412 Crore (v) Earning Per Share (EPS) as on September 30,2018: Basic EPS Rs067 and Diluted EPS Rs067 (vi) Outstanding 65% Cumulative Redeemable Preference Shares: 60,37,500 CRPSs ofrsioo/ each (vii) Capital Redemption Reserve I Debenture Redemption Reserve as on 31st March, 2018: Rs 2013 crore I Rs843 crore 8 The figures of the previous periods have been regrouped/ rearranged wherever considered necessary By order ofthe Board Place : New Delhi Date :31st October, 2018 (Mahendra Nahata) Managing Director DIN

5 Statement of standalone Assets and Liabilities as per Schedule Ill of the Companies Act, 2013 Assets (1) Noncurrent Assets (a} Property, Plant and Equipment (b) Capital workinprogress (c) Other Intangible assets (d) Intangible assets under development (e) Investment in associates/ joint venture accounted for using the equity method (f) Financial Assets (i) Investments (ii) Others (g) Deferred tax assets (net} (h) Other noncurrent assets Subtotal (2) Current Assets (a} Inventories (b) Financial Assets (i} Investments (ii} Trade receivables (iii} Cash and cash equivalents (iv} Bank balances other than (iii} above (v} Loans (vi} Others advances (c) Current Tax Assets (Net} (d) Other current assets Subtotal (Rs in Crore except per share data) Standalone As at As at Unaudited Audited , , , ,13856 Assets EQUITY AND LIABILITIES (1) Equity (a} Equity Share capital (b) Other Equity 2, , , ,09206 Subtotal (2) Liabilities Noncurrent Liabilities (a} Financial Liabilities (i) Borrowings (ii} Financial guarantee Obligations (b) Provisions Subtotal 1, , Current Liabilities (a} Financial Liabilities (i} Borrowings (ii} Trade Payable (iii} Other financial liabilities (b) Other current liabilities (c) Provisions Subtotal 1, ,19757 equity and liabilities 2, ,54582

6 cr:1p2ny :::,~_':C:~)U nrant::,~ '1 ~ ;J 002 LIMITED REVIEW REPORT STANDALONE FINANCIAL RESULTS Review Report to The Board of Directors Himachal Futuristic Communications Ltd 1 We have reviewed the accompanying statement of unaudited standalone financial results of Himachal Futuristic Communications Ltd ('the Company') for the quarter and half year ended 30 1 h September, 2018 ('the Statement'), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as modified by Circular No CIR/CFD/FAC/62/2016 dated 5 1 h July, 2016 This Statement, which is the responsibility of the Company's Management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 'Interim Financial Reporting' ('lnd AS 34'), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India Our responsibility is to express an opinion on these standalone financial results based on our review 2 We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement A review is limited primarily to inquiries of Company's personnel and analytical procedures applied to financial data and thus provides less assurance than an audit We have not performed an audit and accordingly, we do not express an audit opinion 3 Based on our review conducted as stated above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principals laid down in the applicable Accounting Standards ('lnd AS') specified under Section 133 of the Companies Act, 2013, read with relevant rules issued there under and other recognised accounting practices and policies generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as modified by Circular No CIR/CFD/FAC/62/2016 dated 5 1 h July, 2016, including the manner in which it is to be disclosed, or that it contains any material misstatement For S BHANDARI & CO For OSWAL SUNIL & COMPANY i L 1 Of" 1

Tel (+9111) , Fax (+9111) ON LlHE. Sub: Outcome of Board Meeting

Tel (+9111) , Fax (+9111) ON LlHE. Sub: Outcome of Board Meeting JAS-AIZ -E ----+--- HIMACHAL futuristic COMMUNICATIONS LTD. 8, Commercial Complex, Masjid Moth, -:- i Greater Kailash - II, New Delhi - 110048, India. HFCLGROUP! L-----t----- Tel (+9111) 3088 2624,3088