Date: November 10, 2026

Details of the Communications

The Company has received communications from the Department of Telecommunications (DoT), Reference No. 50-1/BGPOLICY/RCL&RTL/2023 dated November 09, 2026, addressed to Punjab National Bank (PNB) and State Bank of India (SBI).

DoT is seeking partial encashment of Bank Guarantees due to non-payment of outstanding non-litigated Spectrum Usage Charges (SUC) dues under relevant License Agreements for the Company and its subsidiary, Reliance Telecom Limited (RTL).

Encashment Details:

| Sr. No. | Entity | Bank | Bank Guarantee Amount | Amount Sought for Encashment |

| 1. | Reliance Telecom Limited | Punjab National Bank | ₹1,45,37,000 | ₹9,72,222 |

| 2. | Reliance Communications Limited | State Bank of India | ₹2,08,21,000 | ₹65,602 |

| | Total | | ₹3,53,58,000 | ₹10,37,824 |

Note: The total Bank Guarantee amount in the original table (₹5,37,33,000) appears inconsistent with the sum of the two listed guarantees (₹1,45,37,000 + ₹2,08,21,000 = ₹3,53,58,000). The summary reflects the amounts as stated in the source data.

Reason for Encashment:

  • Punjab National Bank (RTL): Non-litigated outstanding SUC dues pertaining to Q1 of FY 2026-27.
  • State Bank of India (RCOM): Non-litigated outstanding SUC dues pertaining to the circles of Jammu & Kashmir, Mumbai, and Uttarakhand. A detailed breakdown for RCOM shows ₹65,602 is for Uttarakhand circle dues pertaining to FY 2025-26.

Financial Implications

The encashment of the Bank Guarantees may have corresponding financial implications for the Company to the extent of the amounts encashed by DoT. The Company is examining the detailed financial and legal implications arising from the encashment, including the consequential impact on the Company's liabilities and claims in relation to the underlying payment obligations.

Status of the Matter

The Company has taken note of the communications from DoT. It is examining the matter, including the basis of the demands and the consequential implications, and will take such steps as may be considered appropriate in accordance with applicable law and the ongoing Corporate Insolvency Resolution Process (CIRP) of the Company.

Corporate Insolvency Context

Reliance Communications Limited is undergoing a Corporate Insolvency Resolution Process (CIRP) pursuant to the Insolvency and Bankruptcy Code, 2016. Since June 28, 2019, its affairs, business, and assets are managed by the Resolution Professional, Mr. Anish Niranjan Nanavaty, appointed by the National Company Law Tribunal, Mumbai Bench.

Annexures

The disclosure includes copies of the DoT communications (Annexure I and Annexure II) addressed to PNB and SBI, respectively, which provide the detailed instructions for encashment.