HIMACHLFUT

News Verification : The media had reports on March 29, 2006 that Himachal Futuristic Communication Limited may be takenover by Anil Ambani-owned Reliance group.. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Himachal Futuristic Communication Limited has vide its letter inter-alia stated, "We would like to inform you that the Company has not put out the said News. It is nothing but baseless speculation and it is t

News Verification : The media had reports that Himachal Futuristic Communication Limited may be takenover by Anil Ambani-owned Reliance group.. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Reply is awaited from Himachal Futuristic Communication Limited

Himachal Futuristic Communication Ltd had informed the Exchange that Company's issue of Foreign Currency Convertible Bonds (FCCBs) upto US$ 30 Million, consisting of 300 unsecured FCCBs of US$ 1,00,000 each (series 'A' FCCBs) subject to an over allotment option of upto 10% was opened at London on March 02, 2006. The Company has now informed the Exchange that the subscription to the said issue of FCCBs has been closed on March 06, 2006 at London. The Company has received subscription for 330 Bonds (Series 'A' FCCBs) of USD 100,000 each fully paid, aggregating to US $ 33.00 million. The allotm

Himachal Futuristic Communication Ltd has informed the Exchange that Emerging Markets Management, LLC a/c EMSAF-Mauritius have acquired 3,238,344 shares aggregating to 0.92% of the total share capital of Himachal Futuristic Communication Ltd. on February 24, 2006. The mode of acquisition is through Market Purchase and the shareholding of Emerging Markets Management, LLC a/c EMSAF-Mauritius after the said acquisition is 19,988,010 shares of the total share capital of Himachal Futuristic Communications Ltd.

Himachal Futuristic Communication Ltd has informed the Exchange that Emerging Markets Management, LLC a/c EMSAF-Mauritius have acquired 3,238,344 shares aggregating to 0.92% of the total paid up capital of Himachal Futuristic Communication Ltd. on February 24, 2006. The mode of acquisition is through Market Purchase and the shareholding of Emerging Markets Management, LLC a/c EMSAF-Mauritius after the said acquisition is 19,988,010 shares aggregating to 5.71% of the total paid up capital of Himachal Futuristic Communications Ltd.

Himachal Futuristic Communication Ltd has informed the Exchange that Company's issue of Foreign Currency Convertible Bonds (FCCBs) upto US$ 30 Million, consisting of 300 unsecured FCCBs of US$ 1,00,000 each (series 'A' FCCBs) subject to an over allotment option of upto 10% was opened at London on March 02, 2006.

Emerging Markets Investors Corporation emerging Markets Management, L.L.C. has informed the Exchange that Emerging Markets Management, LLC a/c EMSAF-Mauritius have acquired 3,238,344 shares aggregating to 0.92% of the total paid up capital of Himachal Futuristic Communication Ltd. on February 24, 2006. The mode of acquisition is through Open Market and the shareholding of Emerging Markets Management, LLC a/c EMSAF-Mauritius after the said acquisition is 19,988,010 shares aggregating to 5.71% of the total paid up capital of Himachal Futuristic Communications Ltd.

Clarification of News : The press had reports on December 08, 2005 that Himachal Futuristic Communication Limited has signed a Rs. 450-crore contract with Reliance Infocomm for supply of CDMA-based mobile handsets and fixed wireless phones. The Exchange, in order to verify the accuracy or otherwise of the information reported in the press and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Himachal Futuristic Communication Limited has vide its letter inter-alia stated, "We confirm that the Company has signed a contra

Clarification of News : The press had reports that Himachal Futuristic Communication Ltd has signed a Rs. 450-crore contract with Reliance Infocomm for supply of CDMA-based mobile handsets and fixed wireless phones. The Exchange, in order to verify the accuracy or otherwise of the information reported in the press and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Reply is awaited from Himachal Futuristic Communication Ltd.

Himachal Futuristic Communication Ltd has informed the Exchange that the auditors have conducted the limited review of the un-audited financial results for the quarter and half year ended September 30, 2005 and the details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Himachal Futuristic Communication Ltd has informed the Exchange regarding clarification on the News Item appeared in the Business Standard dated November 05,2005 regarding cancellation of CDMA contract of BSNL placed on HFCL and Semiconductor Complex Limited(SCL). The details of the note issued by the company titled "Clarification by HFCL on BSNL CDMA order cancellation" shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Himachal Futuristic Communication Ltd has informed the Exchange that the Company has passed a Special Resolution through Postal Ballot in respect of a Corporate Guarantee to China Exim Bank on behalf of HFCL Infotel Ltd., a subsidiary Company.The details of the results of the postal ballot is as follows : (a) Total postal ballot forms with assent for the resolution -485, 9986493 shares; (b) postal ballot forms with dissent resolution - 49, 35680 shares; (c) Invalid postal ballot forms - 26, 54477 shares. The Resolution has, therefore, been approved by the shareholders with the requisite majori

Himachal Futuristic Communication Ltd has submitted to the Exchange a copy of the Minutes of the AGM of the Company held on September 30, 2005. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Himachal Futuristic Communication Ltd has informed the Exchange that the BODs at its meeting held on October 08, 2005 have accorded its approval for conversion of a part of loans into ZERO COUPON PREMIUM BONDS (ZCPBs) to Instiutions / Banks as per the Corporate Debt Restructuring (CDR) Scheme approved by the CDR Empowered Group. The details of ZCPBs allotted are given below: - (1) Industrial Development Bank of India has been allotted ZCPBs of Rs. 34.04 crores. (2) ICICI Bank Ltd has been allotted ZCPBs of Rs. 29.37 crores. (3) Oriental Bank of Commerce has been allotted ZCPBs of Rs. 16.03 cro

Himachal Futuristic Communication Ltd has submitted to the Exchange a copy of the mintues of EGM of the Company held on September 09, 2005. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Himachal Futuristic Communication Ltd has informed the Exchange that pursuant to the resolution passed by the shareholders at the EGM held on September 09, 2005, the committee of directors at its meeting held on September 23, 2005, has allotted 2 crore equity share warrants to the promoters and their associates. The warrant holders have got the option to convert each warrant into one equity share for Rs.23/- each within a period of 18 months from the date of allotment of warrants.

Himachal Futuristic Communication Ltd has informed the Exchange that on September 12, 2005 the Company has converted 23 Foreign Currency Convertible "C" bonds (FCCBs) of US$ 50,000 each into 43,36,581 Equity shares at the price of Rs.11.70 per share. Therefore, the issued and subscribed Capital of the Company has now been increased by 43,36,581 Equity shares and stands at 35,01,37,659 Equity shares of the face value of Rs.10/- each.

Himachal Futuristic Communication Ltd has informed the Exchange that the auditor's have conducted the limited review of the unaudited financial results for the quarter ended June 30, 2005 and the details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Himachal Futuristic Communication Ltd has informed the Exchange that the AGM of the Company will be held on September 30, 2005. The Company has further informed that the Register of Members / Register of beneficiaries and Share Transfer Books of the Company will remain closed from September 23, 2005 to September 30, 2005 (both days inclusive).

Himachal Futuristic Communication Ltd has informed the Exchange that the Company has on August 22, 2005 converted 16 Foreign Currency Convertible "C" Bonds (FCCBs) of US$ 50,000 each into 29,79,829 Equity Shares at the price of Rs.11.70 per share. Therefore, the issued and subscribed capital of the Company has now been increased by 29,79,829 Equity Shares and stands at 34,58,01,078 Equity Shares of the face value of Rs.10/- each.

Himachal Futuristic Communication Ltd has informed the Exchange that the BODs of the Company at its meeting held on August 12, 2005 has decided to issue Equity Share Warrants upto 6 crores to the promoters directors, relatives and their associates at a price of Rs. 23/- per share warrant calculated as per the SEBI Guidelines. The Board has also decided to issue Global Depository Receipts/ Euro Bonds/ FCCBS etc. upto 75 million US $. It was also decided to hold an EGM of the Company on September 09, 2005 to obtain the shareholders approval to the aforesaid issues.

Himachal Futuristic Communication Ltd has submitted to the Exchange a copy of the Notice of EGM of the Company to be held on September 09, 2005. The details of the EGM Notice shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Himachal Futuristic Communication Ltd has informed the Exchange that the Company on July 22, 2005, has converted 10 Foreign Currency Convertible "C" Bonds (FCCBs) of US $ 50,000 each into 1860683 Equity Shares at the price of Rs. 11.70 per share. Therefore, the issued and subsribed capital of the Company has now been increased by 1860683 Equity Shares and stands at 342821249 Equity Shares of the face value of Rs. 10/- each.

Clarification of News : The press had reports on July 07, 2005 that Himachal Futuristic Communication Limited may reach a settlement with its lenders to recast its high cost debts and also that a prominent private equity fund may take a stake in the company via preferential allotment at around 30 rupees a share. The Exchange, in order to verify the accuracy or otherwise of the information reported in the press and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Himachal Futuristic Communication Limited has vide its

Clarification of News : The media had reports that Himachal Futuristic Communication Limited may reach a settlement with its lenders to recast its high cost debts and also that a prominent private equity fund may take a stake in the company via preferential allotment at around 30 rupees a share. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Reply is awaited from Himachal Futuristic Communication Limited

Himachal Futuristic Communication Ltd has informed the Exchange that the Company has on July 01, 2005 converted 29 Foreign Currency Convertible "C" Bonds (FCCBs) of US$ 50,000 each into 53,98,461 Equity Shares at the price of Rs.11.70 per share. Therefore, the issued and subscribed capital of the Company has now been increased by 53,98,461 Equity Shares and stands at 34,09,60,566 Equity Shares of the face value of Rs.10/- each.

Himachal Futuristic Communication Ltd has informed the Exchange that ICICI Bank Limited has sold 9,195,000 shares aggregating to 2.90% of the share capital of the company, the details of which are as follows: 1) 2,00,000 shares on April 12, 2005; 2) 2,15,000 shares on April 13, 2005; 3) 87,80,000 shares on April 19, 2005. The shareholding of ICICI Bank Ltd. after the said sale is 4.83% of the share capital of Himachal Futuristic Communication Ltd.

Himachal Futuristic Communication Ltd has informed the Exchange that the Company has on April 29, 2005 converted 31 Foreign Currency Convertible "C" Bonds (FCCBs) of US$ 50,000 each into 5795939 Equity shares at the price of Rs. 11.70 per share. Therefore, the issued and subscribed capital of the Company has now been increased by 5795939 Equity Shares and stands at 335562105 Equity Shares of the face value of Rs. 10/- each.

Himachal Futuristic Communication Ltd has informed the Exchange that the auditor's have conducted the limited review for the un-audited financial results for the quarter and nine months ended December 31, 2004 and the details of the same are available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Himachal Futuristic Communication Ltd has informed the Exchange regarding the sale of 8,125,000 shares aggregating to 2.56% of the paid up share capital of the company by ICICI Bank Ltd.. The details of the sale are as follows: 1) 275,000 shares on March 15, 2005; 2) 2,150,000 and 4,900,000 shares on March 16, 2005 ; 3) 290,000 and 510,000 shares on March 17, 2005 . The shareholding of ICICI Bank Ltd. after the said sale is 27,875,000 shares aggregating to 8.80% of the share capital of Himachal Futuristic Communication Ltd.

Himachal Futuristic Communication Ltd has informed the Exchange that the BOD at its meeting held on October 30, 2004 have accorded its approval for conversion of a part of loans into ZERO COUPON PREMIUM BONDS (ZCPBs)/ 0% OPTIONALLY FULLY CONVERTIBLE DEBENTURES (OFCDs) to Institutions / Banks as per the Corporate Debt Restructuring (CDR) Scheme approved by the CDR Empowered Group. The details are given below : Name of the Institutions/ Nature of Securities Conversion Amount Banks (Rs. In Crores)