BSECompany Update1d ago · 19 Aug 2026, 12:03 pm

RCOM and RTL (Subsidiary company of RCOM) in continuation of earlier letter on 15th August 2026, has also received another letter from DOT on 18th August 2026 in relation to the partial ....

Reliance Communications Ltd · 532712

✦ AI Summary▼ NegativeDebt Restruc.

Reliance Communications Ltd has received communications from the Department of Telecommunications (DoT) regarding the partial encashment of financial bank guarantees (FBGs) for outstanding License Fee dues. The aggregate amount of the FBGs proposed to be partially encashed is ₹5,55,42,271 for RCOM and ₹16,25,000 for RTL. The company is examining the detailed financial and legal implications of this development.

Analysis Scores

Earnings Impact6/10
Growth Catalyst2/10
Governance Concern8/10
Regulatory Risk9/10
Balance Sheet Risk8/10
Liquidity Impact4/10
Market Sentiment2/10

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Reliance Communications Ltd - 532712 - Disclosure Pursuant To Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Invocation/Partial Encashment Of Financial Bank Guarantees By The Department Of Telecommunications In Respect Of Reliance Communications Limited And 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 August 19, 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/Partial Encashment of Financial Bank Guarantees by the Department of Telecommunications in respect of Reliance Communications Limited and Reliance Telecom Limited. Reliance Communications Limited (“RCOM” / “Company”), in continuation of its earlier disclosure dated August 15, 2026 made to the Stock Exchanges in relation to the invocation/encashment of Financial Bank Guarantees (“FBGs”) by the Department of Telecommunications, Ministry of Communications, Government of India (“DoT”), hereby informs the Stock Exchanges that the Company has received further communications from DoT on 18th August 2026, in relation to the partial encashment of certain Financial Bank Guarantees furnished by the respective banks on behalf of RCOM and its subsidiary company, Reliance Telecom Limited (“RTL”), towards outstanding License Fee dues. 1. Partial Encashment of Bank Guarantee – State Bank of India in respect of Reliance Communications Limited DoT, vide its communication letter dated 17th August 2026 (letter received on 18th August 2026), addressed to State Bank of India (“SBI”), has stated that the following Bank Guarantee issued by SBI on behalf of RCOM is held by DoT towards security for due performance of obligations under the relevant License Agreement: Particulars Details Bank State Bank of India Type of Service UAS Type of Bank Guarantee FBG (LF) Amount of Bank Guarantee ₹5,73,49,933 Date of Expiry January 23, 2027 DoT has stated that the licensee has defaulted in payment of outstanding License Fee dues pertaining to FY 2023-24, FY 2024-25 and FY 2025-26. Registered Office: Reliance Communications Limited. H Block, 1st Floor, Dhirubhai Ambani Knowledge City, Navi Mumbai - 400 710 CIN No.: L45309MH2004PLC147531 Accordingly, DoT has requested SBI to partially encash the aforesaid Bank Guarantee for an amount of ₹5,55,42,271/-, immediately and in any case not later than two working. Further advised that necessary action may be taken for issuance of an amended Bank Guarantee after partial encashment. 2. Partial Encashment of Bank Guarantee – Bank of Baroda in respect of Reliance Telecom Limited (Subsidiary of RCOM) DoT, vide its communication letter dated 17th August 2026 (letter received on 18th August 2026), addressed to Bank of Baroda (“BoB”), has stated that the following Bank Guarantee issued by BoB on behalf of RTL is held by DoT towards security for due performance of obligations under the relevant License Agreement: Particulars Details Bank Bank of Baroda Type of Service UL-Access Type of Bank Guarantee FBG (LF) Amount of Bank Guarantee ₹2,00,00,000 Date of Expiry June 23, 2027 DoT has stated that RTL has defaulted in payment of outstanding License Fee dues pertaining to FY 2023-24, FY 2024-25 and FY 2025-26. Accordingly, DoT has requested Bank of Baroda to partially encash the aforesaid Bank Guarantee for an amount of ₹16,25,000/-, immediately and in any case not later than two working days. DoT has further advised that necessary action may be taken for issuance of an amended Bank Guarantee after partial encashment. Financial Implications The aggregate amount of the Bank Guarantees proposed to be partially encashed pursuant to the aforesaid communications comprising:  ₹5,55,42,271/- in respect of RCOM; and  ₹16,25,000/- in respect of RTL. The aforesaid partial encashment of the Bank Guarantees may have corresponding financial implications for RCOM and RTL, as applicable. The Company is presently examining the detailed financial and legal implications arising from the aforesaid communications, including the consequential impact, if any, on the liabilities, claims and obligations of RCOM and RTL in relation to the underlying License Fee dues. Registered Office: Reliance Communications Limited. H Block, 1st Floor, Dhirubhai Ambani Knowledge City, Navi Mumbai - 400 710 CIN No.: L45309MH2004PLC147531 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 partial encashment of the respective Bank Guarantees 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 and RTL. Further developments, as and when material, will be appropriately disclosed to 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