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JASANI :+ L HFCL/SEC/1819/ 3Pt October, 2018 + j An Environment conscious company certified to ISO 14001 Standard ' HIMACHAL FUTURISTIC COMMUNICATIONS LTD 8, Commercial Complex, Masjid Moth, Greater Kailash II, New Delhi 11 0048, India Tel : (+91 11) 3088 2624, 3088 2626 Fax : (+91 11) 3068 9013 Web wwwhfclcom Email : 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 400 051 The Secretary BSE Limited 27th Floor Phiroze Jeejeebhoy Towers Dalal Street Mumbai400 001 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 Rs113741 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 Rs216971 crores as compared to Rs142560 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, Solan173 213 (HP) Tel: (01792) 230644,230645,230647 Fax: (01792) 231902 Corporate Identity Number: L64200HP1987PLC007466

13122 crores as compared to Rs 12085 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, 2018 3 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 201819 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

IIIMACHAL FUTURISTIC COMMUNICATIONS LIMITED Regd Offic :' : 8,Eiectronics Complex, Chambaghat, Solan173213 (Himachal Pradesh) Tel: (+911792) 230644, Fax No(+911792) 231902, Email: secretarial@hfclcom Website: wwwhfclcom I Corporate Identity Number (CIN): L64200HP1987PLC007466 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 30th2018 30th 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 2017 31st 2018 Unaudited Audited I INCOME Revenue from Operations (refer note 5) Other Income Income 1,13741 230 1,13971 1,03230 57550 528 417 1,03758 57967 216971 758 2,17729 1,42560 3,08417 1007 1947 1,43567 3,10364 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 57849 31319 7656 4313 1754 410 4562 1,07863 52574 31855 42335 20457 (7136) (6858) 4086 3489 1514 1635 385 408 2986 2935 96744 53921 1,10423 73654 520 8399 3268 795 7548 2,04607 77720 1,70177 38507 78649 (388) 4045 1409 1409 7284 14728 3227 6091 798 1626 6950 13095 1,35507 2,89820 III Profit I (loss) before, exceptional items and tax (Ill) 6108 7014 4046 13122 8060 20544 IV Exceptional item 179 v Profit I (Loss) before tax (llliv) 6108 7014 4046 13122 8060 20365 VI Tax expense Current Tax (including earlier year taxes) Deferred Tax 1392 740 1467 1529 1111 2859 1851 2979 4526 335 Profit I (Loss) after tax for the period from continuing vu operations (V VI) 3976 4436 2517 8412 5081 15504 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) 4088 4230 2423 8318 5197 15448 X Paidup Equity Share Capital (Face value of ReII each) 12394 12394 12394 12394 12394 12394 XI Other Equity 1,09206 XII Earnings per Share (face value of Re II each) Basic Diluted 033 033 034 020 034 020 067 067 042 125 042 124

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 2018 30th iot8 30th 2017 30th 2018 30th 2017 31st 2018 Unailditoo Unaudited Unaudited Unaudited Unaudited Audited 1 Segment Revenue a Telecom Products b Turnkey Contracts and Services 25646 88095 1,13741 18683 84547 1,03230 15944 41606 57550 44329 1,72642 2,16971 33857 1,08703 1,42560 72059 2,36358 3,08417 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 1,13741 1,03230 57550 2,16971 1,42560 3,08417 2201 2209 1933 4410 2021 6478 5553 6258 3719 tt 81 I 9326 19846 7754 8467 5652 16221 11347 26324 1754 1514 1635 3268 3227 6091 083 089 (028) 172 061 407 (191) (!50) (001) (341) (001) (539) Profit before Tax 3 Segment Assets a Telecom Products b Turnkey Contracts and Services d U n allocated 6108 7014 4046 13122 82231 80938 85383 82231 1,50277 1,41820 97781 1,50277 50139 48525 47108 50139 2,82647 2,71283 2,30272 2,82647 8060 20365 85383 80091 97781 1,27064 47108 47426 2,30272 2,54581 4 Segment Liabilities a Telecom Products b Turnkey Contracts and Services d Unallocated 31427 28467 14127 31427 14127 27324 76471 69863 54643 76471 54643 64985 45727 47124 51953 45727 51953 40673 1,53625 1,45454 1,20723 1,53625 1,20723 1,32982 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, 2015 4 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 28032018 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 201718 and 75% will be redeemed in current financial year 201819 (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 00052898

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 30092018 As at 31032018 Unaudited Audited 11263 1441 366 2109 10744 136 303 817 1858 1858 4404 11737 10018 439 43635 4404 10409 11866 189 40726 20066 17869 265 1,31351 2791 10266 675 55804 9964 7830 2,39012 356 1,23413 4921 5922 675 44842 9514 6344 2,13856 Assets EQUITY AND LIABILITIES (1) Equity (a} Equity Share capital (b) Other Equity 2,82647 12394 1,16628 2,54582 12394 1,09206 Subtotal (2) Liabilities Noncurrent Liabilities (a} Financial Liabilities (i) Borrowings (ii} Financial guarantee Obligations (b) Provisions Subtotal 1,29022 1,21600 10068 039 2390 12497 11133 039 2053 13225 Current Liabilities (a} Financial Liabilities (i} Borrowings (ii} Trade Payable (iii} Other financial liabilities (b) Other current liabilities (c) Provisions 25927 76866 31734 6087 514 18618 51576 43200 6112 251 Subtotal 1,41128 1,19757 equity and liabilities 2,82647 2,54582

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