HCL Technologies has shut its trading window for dealing in the company's securities from June 25, 2026, until 48 hours after the declaration of its financial results for the quarter ending June 30, 2026. The closure is a regulatory measure to prevent insider trading ahead of the quarterly earnings announcement. The company is scheduled to declare its Q1FY26 results on July 13, 2026.

The trading window will remain closed from the start of business on June 25, 2026. It will reopen only after the expiry of 48 hours from the time the financial results are declared by the company. This restriction applies to designated persons and employees in possession of unpublished price-sensitive information (UPSI).

This action is taken in compliance with the “Code of Conduct on Prohibition of Insider Trading” of the company. The disclosure was submitted to the stock exchanges by Manish Anand, Company Secretary of HCL Technologies .

The following table outlines the key dates related to the trading window closure and result declaration:

HCL Technologies has invested ₹1,427.25 crore in Axonwise Private Limited (Sarvam AI) to acquire a 10.46% stake, marking a significant step towards advancing artificial intelligence development in India. The investment, executed as a minority purchase of 41,421 equity shares, aims to fund Sarvam's continued research and development for training next-generation frontier models for agentic AI, coding, and cybersecurity use cases. This strategic move underscores HCLTech's intent to play a pivotal role in shaping India's sovereign AI landscape by combining its enterprise transformation expertise with Sarvam's research capabilities. Nomura has noted this as the first such investment by an Indian IT services firm in a sovereign full-stack AI company.

Investment Overview

The following table summarizes the key details of the announced investment:

Analyst View: Nomura Maintains Buy Rating

Nomura has maintained its Buy rating on HCL Technologies with a target price of ₹1,600, citing the $150mn strategic investment in Sarvam AI as a landmark development. The brokerage highlighted this as the first move of its kind by an Indian IT services firm, positioning HCLTech at the forefront of sovereign AI development. Nomura noted that the investment is aimed at building industry-specific large language models (LLMs), leveraging multilingual AI capabilities, and accelerating sovereign, secure, and localized AI solutions for global enterprise and government clients.

Strategic Focus on AI Development

Sarvam AI is a full-stack sovereign AI company building frontier models across text, speech, vision, and documents, all trained from scratch in India. With a turnover of ₹45.10 crore in FY26 (unaudited), the company focuses on verticals such as banking, insurance, government technology, and defence. The partnership will enable HCLTech to develop industry-specific language models and leverage Sarvam's multilingual AI capabilities for global markets, accelerating the adoption of secure and compliant AI solutions for governments and regulated industries.