HIMACHLFUT

Himachal Futuristic Communications Limited has informed the Exchange that pursuant to the Resolution passed by the Board of Directors of the Company at their meeting held on October 15, 2010, the Company has signed a Joint Venture Agreement with Dragonwave Inc., (Dragonwave) having its principal office at 411 Legget Drive, Ottawa, Ontario, Canada K2K 319. Dragonwave is a global supplier of high capacity 'Packet Microwave Radio Systems' which are used for backhaul of traffic in 3G/4G and Broadband Wireless Networks. Pursuant to the above Joint Venture Agreement and necessary approvals wherever

Himachal Futuristic Communications Limited has informed the Exchange that HFCL Infotel Limited ("Infotel") is a subsidiary of Himachal Futuristic Communications Limited ("Company") and the Company holds 53.36% of the issued, subscribed and paid up equity share capital of Infotel. IDBI Bank Limited, Life Insurance Corporation of India, Oriental Bank of Commerce, ING Vysya Bank Limited, State Bank of Patiala, HDFC Bank Limited and Punjab National Bank (collectively referred to as the "Lenders") have provided/ sanctioned certain credit facilities to Infotel. The Corporate Debt Restructuring Cell

Himachal Futuristic Communication Ltd had informed the Exchange that: "At the Extraordinary General Meeting of the Company held on February 25, 2008, the Members of the Company have approved and adopted the new name of the Company as Dynamic Infotel Limited by passing Special Resolution. The Company will be filing the necessary application under Section 21 of the Companies Act, 1956 with the Registrar of Companies, Punjab, Himachal Pradesh & Chandigarh at Jalandhar for approving the change in name." The Company has now informed the Exchange that: "Since the company could not file the necessar