Investment in HFCL Advance Systems Private Limited ('HASPL'), presently a non-material wholly owned subsidiary of HFCL, by way of subscription to equity shares of HASPL, for consideration of ?89.25 Crore, in two tranches, pursuant to a share subscription agreement. \r\n\r\nThe board of directors of HASPL at its meeting held today i.e. June 03, 2026 has, inter alia, considered and approved the acquisition of 100% (one hundred percent) of the paid-up share capital of HFCL Defence Systems Private Limited ('HDSPL') (formerly known as Spiral EHL Engineering Private Limited) from Defsys Solutions Private Limited ('Defsys') for a cash consideration of ?25 Crore , pursuant to a share purchase agreement.\r\n