Date: August 19, 2026
Partial Encashment – RCOM (State Bank of India)
- DoT communication dated August 17, 2026, addressed to State Bank of India
- Bank Guarantee details: Type - UAS, FBG (LF); Amount - ₹5,73,49,933; Expiry - January 23, 2027
- Reason: Default in payment of outstanding License Fee dues for FY 2023-24, FY 2024-25, and FY 2025-26
- Partial encashment amount: ₹5,55,42,271
- DoT requested immediate encashment and issuance of amended guarantee after partial encashment
Partial Encashment – RTL (Bank of Baroda)
- DoT communication dated August 17, 2026, addressed to Bank of Baroda
- Bank Guarantee details: Type - UL-Access, FBG (LF); Amount - ₹2,00,00,000; Expiry - June 23, 2027
- Reason: Default in payment of outstanding License Fee dues for FY 2023-24, FY 2024-25, and FY 2025-26
- Partial encashment amount: ₹16,25,000
- DoT requested immediate encashment within two working days and issuance of amended guarantee
Financial Implications
- Aggregate partial encashment amount: ₹5,71,67,271 (₹5,55,42,271 for RCOM + ₹16,25,000 for RTL)
- The partial encashment may have corresponding financial implications for RCOM and RTL
- Company is examining detailed financial and legal implications regarding liabilities, claims, and obligations
Status of the Matter
- Company has taken note of the communications and is examining the basis and manner of partial encashment
- Company will take further steps as considered appropriate under applicable law and ongoing Corporate Insolvency Resolution Process (CIRP)
- Further material developments will be disclosed to stock exchanges as required
Corporate Status Note
Reliance Communications Limited is under corporate insolvency resolution process pursuant to Insolvency and Bankruptcy Code, 2016. Since June 28, 2019, affairs are managed by Resolution Professional Mr. Anish Niranjan Nanavaty appointed by NCLT Mumbai Bench.