BSECompany Update2d ago · 10 Nov 2026, 08:45 pm
Disclosure under Reg. 30 - Communications received from Department of Telecommunications, seeking partial encashment of Bank Guarantees of RCL & its subsidiary RTL .
Reliance Communications Ltd · 532712
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Reliance Communications Ltd has received communications from the Department of Telecommunications seeking partial encashment of bank guarantees worth ₹5,37,33,000.
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Full Announcement
Reliance Communications Ltd - 532712 - Disclosure Under Regulation 30-Communications
Issued By The Department Of Telecommunications, Ministry Of Communications, Government Of India, Seeking Partial Encashment Of Bank Guarantees Of Reliance Communications Limited And Its Subsidiary Reliance Telecom Limited.
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Reliance Communications Limited Tel : +91 022 3038 6286
Dhirubhai Ambani Knowledge City Fax: +91 022 3037 6622
Navi Mumbai - 400 710, India www.rcom.co.in
Email Id: mca.rocfiling@rcom.co.in
November 10, 2026
To, To,
The General Manager The Manager
Corporate Relationship Department National Stock Exchange of India Limited
BSE Limited Exchange Plaza, C/1, Block G
Phiroze Jeejeebhoy Towers Bandra-Kurla Complex, Bandra (East)
Dalal Street, Fort Mumbai – 400 051
Mumbai – 400 001
NSE Symbol: RCOM
BSE Scrip Code: 532712
Dear Sir(s),
Sub: Disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements) Regulations, 2015 – Communications
issued by the Department of Telecommunications, Ministry of Communications, Government
of India, seeking partial encashment of Bank Guarantees of Reliance Communications Limited
and its subsidiary Reliance Telecom Limited.
Reliance Communications Limited (“RCOM” / “Company”) hereby informs the Stock Exchanges that
the Company has received/intimated of communications issued by the Department of
Telecommunications, Ministry of Communications, Government of India (“DoT”), bearing Reference
No. 50-1/BGPOLICY/RCL&RTL/2023 dated November 09, 2026, addressed to the following banks:
1. Punjab National Bank (PNB).
2. State Bank of India (SBI).
Vide the aforesaid communications, DoT has sought partial encashment of Bank Guarantees
furnished by the respective banks on account of non-payment of outstanding non-litigated Spectrum
Usage Charges (“SUC”) dues pertaining to the obligations of the Company and its subsidiary, Reliance
Telecom Limited (“RTL”), under the relevant License Agreements.
1. Details of the communications
Based on the communications issued by DoT, the details of the Bank Guarantees and amounts
sought to be encashed are as under:
Sr. In respect of accounts Bank Amount of Amount sought to
No. Bank be encashed
Guarantee
1. Reliance Telecom Limited Punjab ₹1,45,37,000 ₹9,72,222
National Bank
2. Reliance Communications Limited State Bank of ₹2,08,21,000 ₹65,602
India
Total ₹5,37,33,000 ₹26,62,824
The communications issued by DoT refer to the following outstanding dues:
a) Punjab National Bank: Non-litigated outstanding Spectrum Usage Charges dues pertaining to
Q1 of FY 2026-27 in respect of RTL.
Registered Office:
Reliance Communications Limited. H Block, 1st Floor, Dhirubhai Ambani Knowledge City, Navi Mumbai - 400 710
CIN No.: L45309MH2004PLC147531
b) State Bank of India: Non-litigated outstanding Spectrum Usage Charges dues pertaining to the
relevant circles, including Jammu & Kashmir, Mumbai and Uttarakhand in respect of the Company.
2. Financial implications
The encashment of the BGs may have corresponding financial implications for the Company to the
extent of the amounts encashed by DoT. The Company is presently examining the detailed financial
and legal implications arising from the aforesaid encashment, including the consequential impact, if
any, on the Company's liabilities and claims in relation to the underlying payment obligations.
3. Status of the matter
The Company has taken note of the communications issued by DoT to the respective banks seeking
partial encashment of the aforesaid Bank Guarantees.
The Company is examining the matter, including the basis of the demands and the consequential
implications thereof, 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.
The copies of the aforesaid communications issued by DoT are enclosed herewith as Annexure I and
Annexure II, respectively.
You are requested to kindly take the above information on record.
Thanking you,
Yours faithfully,
For Reliance Communications Limited
Rakesh Gupta
Company Secretary
(Reliance Communications Limited is undergoing Corporate Insolvency Resolution Process pursuant
to the provisions of the Insolvency and Bankruptcy Code, 2016. With effect from June 28, 2019, its
affairs, business and assets are being managed by, and the powers of the Board of Directors are
vested in, the Resolution Professional, Mr. Anish Niranjan Nanavaty, appointed by the Hon'ble
National Company Law Tribunal, Mumbai Bench, vide order dated June 21, 2019, published on the
website of the Hon'ble National Company Law Tribunal, Mumbai Bench on June 28, 2019).
Registered Office:
Reliance Communications Limited. H Block, 1st Floor, Dhirubhai Ambani Knowledge City, Navi Mumbai - 400 710
CIN No.: L45309MH2004PLC147531
Annexure-I
~~I Government of India
"ffqR ~ / Ministry of Communications
=<i--<.....,~=ilT"TI-< fctqpr / Department of Telecommunications
cf>mfo '161Plli31¢, ff'q"R~ / Controller General of Communication Accounts
~ mm,~~ oo I Revenue Wing, 4th Floor
~'lel~-1~C'l ~~•I, ~~~f:frt I MTNL Building, Jawahar Lal Nehru Marg
;,t ~ 110002/New Delhi - 110002
No: 50-1 /BGPOLICY/RCL&RTU2023 Dated: 09.11.2026
~.R"/To, .
Pragati Tower, 6th Floor,
C-9, G Block, Sandra Kerla Complex,
Mumbai-400051
~ /Subject: - Encashment of Bank Guarantee in respect M/s Reliance Telecom Ltd
(M/s RTL) on account of non-payment of outstanding dues. - reg.
Sir,
The following Bank Guarantees issued by your bank on behalf of the above
mentioned licensee are held by this office towards security for due performance of
obligations under the License Agreement.
ype o ate o
Bank
No BG Number service PBG/FBG Expiry
VAS dated
1 21751LG006508 CMTS 12.12.1995 1,45,37,000 FBG(SUC) 07.04.2027 PNB
2. It has been observed that the licensee has defaulted in payment of Non-litigated
Outstanding SUC dues in NE-II pertaining to 01 for FY 2026-27 and recommended for
encashment of BG. The details are as under: •
me o
• Name
S No ommended UC dues Amount
• TSP (Rs.)
ashment of BG
3. You are requested to encash the above -Bank Guarantees partially for the amount of
Rs 9,72,222/- immediately, and in any case not later than two working days, and remit
the proceeds through Pay Order/Demand Draft payable at New Delhi drawn in favor of
"Accounts Officer (Cash) O/o Pr. CCA, Delhi Region." The DD may·be sent to. the below
address without fail. Further necessary action may be taken for issuance of amendended
bank guarantee. •
The Sr. AO (Revenue & Budget)
Q/o CGCA, 4th floor,
MTNL Building, Minto Road,
Jawahar LAL Nehru Marg,
New Delhi 110002.
This issues with the approval of the Competent Authority.
Rnt=t'lc11. ~ / Christeena Joy
{1~14ch ~f;l~':lch ~ ({l,5FRl, ~ --crci" DBN)
Asstt. CGCA (Revenue, Budget & DBN)
Copy to,
1. Director, WPF Wing, Ashoka Road, New Dehi, 110001.
2. Pr. CCA Mumbai:- for necessary co-ordination with bank branch for urgent immediate
action on the matter.
3. M/s RTL for information.
Annexure-II
'llffil fficnR / Government of India
~ ~ I Ministry of Communications
=<i-x,.....ti=i.1=1-t fctq1_1r / Department of .Telecommunications •
cf>lmo '161~ti-51cf>, ~~/Controller General of Communication_Accounts
~ mm, ilg~ Cl<'f / Revenue Wing, 4th Floor
~J.ttl(!1~cr1 ~~41, ~ ~¼J.tTlf I MTNL Building, Jawahar Lal Nehru Marg
~ ~ 110002/New Delhi - 110002
No: 50-1 /BGPOLICY/RCL&RTU2023 Dated: 09.11.2026
m11"~/To,
Corporate Accounts Group,
23 J N Heredia Marg,
Neville House, Ballard Estate,
Mumbai-400001.
~/Subject: - Encashment of Bank Guarantee in respect M/s Reliance
Communications Ltd (M/s RCL) on account of non-payment of outstanding SUC dues. -
reg.
Sir,
The following Bank Guarantees issued by your bank on behalf of the above
mentioned licensee are held by this office towards security for due performance of
obligations under the License Agreement.
SI lyp~ of License No. Amount 0 uate 01 Bank
No BG Number service BG (Rs.) PBG/FBG Expiry
10-01 /2004-l::3S-
11/RILJWEST BENGAL
1 0999511BG0000445 UAS dated 21.11.2003 2,08,21,000 FBG(SUC) 21.02.2027 SBI
2. It has been observed that the licensee has defaulted in payment of Non-litigated
Outstanding SUC dues in below noted circles and has been recommended for
encashment of BGs. Th
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