This is in continuation to our intimation dated January 16, 2025 regarding receipt of an Advance Work Order ('AWO') from Bharat Sanchar Nigam Limited ('BSNL') for ~INR 2,501.30 Crores for executing BharatNet Phase III Programme in the Punjab Telecom Circle. In this regard, we are proud to inform all stakeholders that today, HFCL has become the first company to sign an agreement with BSNL as the Project Implementation Agency ('PIA') under the BharatNet Phase-III Programme for executing this project in the Punjab Telecom Circle. The Company will now take immediate steps to commence project implementation.