HCL Infosystems Limited has officially announced the completion of Mr. Raj Sachdeva's tenure as Manager, marking the end of his five-year term with the company. The cessation became effective from the close of business hours on April 30, 2026, as communicated to BSE Limited and National Stock Exchange of India Limited under regulatory compliance requirements.

Management Transition Details

The company has provided comprehensive details regarding the management change in accordance with SEBI regulations. The transition represents a planned succession as Mr. Sachdeva successfully completed his designated tenure period.

Board Recognition and Succession Planning

The board and management of HCL Infosystems have formally acknowledged Mr. Raj Sachdeva's contributions during his tenure. The company had demonstrated proactive succession planning by previously informing the exchanges about the appointment of Mr. Gaurav Bhalla as the new Manager on April 13, 2026.

The seamless transition ensures continuity in the company's management structure, with Mr. Bhalla taking over the managerial responsibilities from May 1, 2026, immediately following Mr. Sachdeva's tenure completion.

Regulatory Compliance and Filing Details

The announcement was made in strict compliance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company referenced multiple SEBI master circulars in its disclosure:

The disclosure was digitally signed by Twinkle Monga, Company Secretary and Compliance Officer (Membership No: A-54882), ensuring proper authorization and documentation of the management change. This transition reflects the company's commitment to transparent governance and regulatory adherence in managing key personnel changes.

HCL Infosystems Limited has successfully completed its postal ballot process, with shareholders overwhelmingly approving the appointment of Mr. Gaurav Bhalla as Manager and Key Managerial Personnel. The company issued a clarification on April 15, 2026, correcting an earlier disclosure error regarding the appointment date.

Appointment Details and Date Correction

The company clarified that Mr. Gaurav Bhalla's appointment as Manager and Key Managerial Personnel is effective from May 1, 2026, for a period of five years. In an earlier intimation dated April 13, 2026, the company had inadvertently mentioned the appointment date as May 5, 2026. However, all reports and other documents consistently reflected the correct date as May 1, 2026.

Postal Ballot Results

The postal ballot process was conducted entirely through remote e-voting, facilitated by National Securities Depository Limited (NSDL). The voting results demonstrated strong shareholder support for the appointment:

Voting Breakdown by Category

The voting pattern across different shareholder categories showed varied participation levels:

Process Timeline and Compliance

The postal ballot process followed all regulatory requirements under the Companies Act, 2013 and SEBI regulations. Key timeline details included:

• Cut-off Date: March 9, 2026
• E-voting Period: March 15, 2026 (9:00 AM) to April 13, 2026 (5:00 PM)
• Newspaper Advertisement: March 12, 2026 in Business Standard (English and Hindi)
• Scrutinizer's Report: April 13, 2026

CS Vineet K Chaudhary, Managing Partner of VKC & Associates, served as the scrutinizer for the postal ballot process. The scrutinizer confirmed that the resolution was approved with the requisite majority and that the entire process was conducted in a fair and transparent manner.

Regulatory Compliance

The company conducted the postal ballot in compliance with Regulation 44 of the SEBI Listing Regulations and other applicable provisions. The results and scrutinizer's report have been uploaded on the company's website and NSDL's e-voting portal. The process was conducted entirely through electronic means, with no physical postal ballot forms dispatched to shareholders, in line with MCA circulars issued during the period.