Promoters of hcl infosystems have declared that no shares held by them in the company were encumbered during the financial year ended March 31, 2026. The disclosure confirms that the promoters did not create any direct or indirect encumbrance on their shareholding throughout FY26. This declaration ensures that the promoter holding remains free from pledges or charges, providing clarity on the ownership structure for investors.

The disclosure was submitted to the National Stock Exchange of India in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeover) Regulations, 2011. The filing serves as a formal confirmation to the stock exchange regarding the status of the promoter shareholding. Roshni Nadar Malhotra, acting as the authorized signatory for the promoters, signed the declaration dated April 02, 2026.

Key Details of the Disclosure

The declaration explicitly states that the promoters have not made any encumbrance of shares held in HCL Infosystems Limited during the specified period. Furthermore, it confirms that no share held by the promoters in the company is currently under any encumbrance. The communication was addressed to the National Stock Exchange of India Ltd., located at Exchange Plaza, Bandra Kurla Complex, Mumbai.

HCL Infosystems Limited has announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The board of directors approved the results at its meeting held on May 20, 2026. The company reported a consolidated net loss of Rs 3,291 lakhs for the financial year, compared to a net loss of Rs 2,111 lakhs in the previous year. Total income for the year stood at Rs 5,453 lakhs, an increase from Rs 5,008 lakhs in the prior year.

Financial Performance

The loss before tax for the year increased to Rs 3,291 lakhs from Rs 2,111 lakhs. The company attributed the widened loss primarily to operational challenges and exceptional items. Exceptional items for the year included a one-time provision for New Labour Codes amounting to Rs 166 lakhs in the consolidated results. Finance costs included an interest expense of Rs 463.12 lakhs recognized on Non-Convertible Debentures (NCDs) using an Effective Interest Rate of 8% per annum.

Operational Highlights

For the fourth quarter, revenue from operations stood at Rs 528 lakhs, while other income was Rs 781 lakhs. The loss before tax for the quarter was Rs 1,317 lakhs. The company continues to face operational challenges, including delayed receipts on system integration contracts. Legal expenses related to ongoing litigations and legacy issues amounted to Rs 2,232 lakhs during the year in the consolidated financials.

Key Developments

The company issued 35,50,000 unlisted, unsecured redeemable NCDs aggregating Rs 35,500 lakhs to HCL Capital Private Limited. These NCDs carry a coupon rate of 0.001% per annum and have a tenure of 10 years, though they are classified as current liabilities due to the holder's option to demand repayment after twelve months and five days. The proceeds were utilized to repay earlier loans. Additionally, the company received a favorable arbitration award of Rs 10,281 lakhs against UIDAI, though the financial impact is not recognized pending the finality of the award.