NSEGeneral Updates4d ago · 15 Aug 2026, 04:42 pm
General Updates
Reliance Communications Limited · RCOM
✦ AI Summary▼ NegativeRegulatory
Reliance Communications Limited has informed the Exchange about the invocation/encashment of Financial Bank Guarantees (FBGs) by the Department of Telecommunications (DoT) in relation to deferred spectrum payment obligations. The aggregate amount of the FBGs invoked/encashed is approximately ₹801.91 crore. The Company is examining the detailed financial and legal implications arising from the invocation/encashment.
Analysis Scores
Earnings Impact6/10
Growth Catalyst2/10
Governance Concern8/10
Regulatory Risk9/10
Balance Sheet Risk7/10
Liquidity Impact4/10
Market Sentiment3/10
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Full Announcement
Reliance Communications Limited has informed the Exchange about General Updates
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RCOM_15082026164211_Rcomdisclosureletter15082026.pdf
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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
August 15, 2026
The General Manager The Manager
Corporate Relationship Department National Stock Exchange of India Ltd.
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
BSE Scrip Code: 532712 NSE Symbol: RCOM
Dear Sir(s),
Sub: Disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements) Regulations, 2015-
Invocation/Encashment of Financial Bank Guarantees by the Department of
Telecommunications
Reliance Communications Limited (“RCOM” / “Company”) hereby inform the Stock Exchanges that
the Company has received/intimated of communications issued by the Department of
Telecommunications, Ministry of Communications, Government of India (“DoT”) to various respective
banks, whereby DoT has invoked/encashed certain Financial Bank Guarantees (“FBGs”) furnished
by various banks on behalf of RCOM in relation to deferred spectrum payment obligations.
The aforesaid communications have been issued by DoT in connection with the alleged default in
payment of deferred annual instalments payable towards spectrum acquired by RCOM pursuant to
various spectrum auctions.
Background
RCOM had acquired spectrum in various spectrum auctions conducted by DoT and, pursuant to the
terms and conditions applicable to the respective spectrum auctions, was required to furnish FBGs
towards securing the deferred annual spectrum instalments payable to DoT.
The relevant FBGs were issued by various banks on behalf of RCOM in favour of DoT.
DoT, vide its communications received by the Company, has stated that certain deferred annual
spectrum instalments remained unpaid and, consequently, has invoked/encashed the FBGs
furnished in relation to the respective spectrum obligations.
Details of the invocation
The communications issued by DoT refer to the respective spectrum auctions and the deferred
payment obligations arising therefrom. DoT has invoked the relevant FBGs in accordance with the
terms and conditions governing the respective spectrum auctions and the corresponding FBG
arrangements.
Registered Office:
Reliance Communications Limited. H Block, 1st Floor, Dhirubhai Ambani Knowledge City, Navi Mumbai - 400 710
CIN No.: L45309MH2004PLC147531
In particular, DoT has communicated to the respective issuing banks that, in view of the non-
payment/default in respect of the deferred annual spectrum instalments, the FBGs furnished by the
banks on behalf of RCOM are being invoked/encashed and the proceeds thereof are required to be
remitted to DoT.
The invocation of the FBGs relates to the following spectrum auctions:
1. 2013 Spectrum Auction – Yes Bank Limited
DoT has invoked/encashed FBGs issued by Yes Bank Limited on behalf of RCOM aggregating to
₹281,44,90,001 in relation to spectrum acquired pursuant to the 2013 spectrum auction.
2. 2015 and 2016 Spectrum Auctions – Punjab National Bank
DoT has invoked/encashed FBGs issued by Punjab National Bank on behalf of RCOM aggregating
to ₹114,09,30,516 in relation to spectrum acquired pursuant to the 2015 and 2016 spectrum
auctions.
3. 2015 Spectrum Auction – Canara Bank
DoT has invoked/encashed FBGs issued by Canara Bank on behalf of RCOM aggregating to
₹157,07,55,606 in relation to spectrum acquired pursuant to the 2015 spectrum auction.
4. 2014 and 2015 Spectrum Auctions – State Bank of India
DoT has invoked/encashed FBGs issued by State Bank of India on behalf of RCOM aggregating to
₹249,29,21,711 in relation to spectrum acquired pursuant to the 2014 and 2015 spectrum auctions.
Financial implications
The aggregate amount of the FBGs invoked/encashed pursuant to the aforesaid communications is
₹801.91 crore approximately.
The invocation/encashment of the FBGs may have corresponding financial implications for RCOM to
the extent of the amounts invoked/encashed by DoT. The Company is presently examining the
detailed financial and legal implications arising from the aforesaid invocation/encashment, including
the consequential impact, if any, on the Company's liabilities and claims in relation to the underlying
spectrum payment obligations.
Status of the matter
The Company has taken note of the aforesaid communications issued by DoT and is examining the
same, including the basis and manner of invocation of the respective FBGs and the consequential
implications thereof.
The Company will take such further steps as may be considered appropriate in accordance with
applicable law and the ongoing Corporate Insolvency Resolution Process (“CIRP”) of RCOM.
The Company is presently examining the aforesaid communications and the consequential
implications thereof. Further developments, as and when material, will be appropriately disclosed to
Registered Office:
Reliance Communications Limited. H Block, 1st Floor, Dhirubhai Ambani Knowledge City, Navi Mumbai - 400 710
CIN No.: L45309MH2004PLC147531
the Stock Exchanges in accordance with the applicable provisions of the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015.
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 under corporate insolvency resolution process pursuant to the
provisions of the Insolvency and Bankruptcy Code, 2016. With effect from June 28, 2019, its affairs,
businessand 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 Hon'ble National Company
Law Tribunal, Mumbai Bench, vide order dated June 21, 2019 which was 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