HFCL to raise funds via qualified institutions placement

HFCL Limited's fund raising committee approved a qualified institutions placement (QIP) on December 22, 2025, to issue equity shares of face value of ₹1 each. This decision follows approvals from the company's board of directors on July 25, 2025, and shareholders on September 15, 2025, through a special resolution passed during the annual general meeting.

The QIP will be conducted in accordance with Chapter VI of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, and sections 42 and 62 of the Companies Act, 2013, including the rules made thereunder.

The committee meeting concluded on December 22, 2025. This move aligns with Regulation 30 and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.