HCL Technologies Limited has filed its Business Responsibility and Sustainability Report (BRSR) for FY 2025-26 with BSE Limited and the National Stock Exchange of India Limited on July 20, 2026, pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing forms part of the company's Integrated Annual Report for FY 2025-26 and was signed by Company Secretary Manish Anand. The company also filed a clarification letter noting that certain data points in the XBRL filing could not be represented exactly as in the PDF document due to platform limitations, directing stakeholders to refer to the PDF for specific disclosures under Section C, Principle 3, Question 9 relating to employee performance and career development reviews.

34th Annual General Meeting

HCL Technologies has scheduled its 34th Annual General Meeting (AGM) on Wednesday, August 12, 2026, at 11:00 A.M. (IST) through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The AGM Notice and Annual Report (FY 2025-26) have been sent electronically to members with registered email addresses and are also available on the company's website at www.hcltech.com .

The key AGM agenda items are summarised below:

The ordinary business includes adoption of audited financial statements for FY 2025-26 and re-appointment of Mr. Shikhar Neelkamal Malhotra (DIN: 00779720) as a Director liable to retire by rotation. As special business, members will consider the appointment of Mr. Jacob Christian Dahl (DIN: 11758422) as a Non-Executive Independent Director for a term of five consecutive years commencing July 13, 2026 to July 12, 2031.

Director Profiles

Mr. Shikhar Malhotra is the CEO & Vice Chairman of HCL Healthcare and a trustee at the Shiv Nadar Foundation. He has been on the Board since October 22, 2019, and holds a degree in Entrepreneurship from Babson College. He is the husband of Chairperson Ms. Roshni Nadar Malhotra.

Mr. Jacob Christian Dahl, aged 62 years, brings nearly four decades of experience in banking and financial services. He currently serves as an Independent Director of Danske Bank, where he chairs the Remuneration Committee. He previously spent more than 25 years at McKinsey & Company as Senior Partner, co-leading the Global Banking Practice. He holds an M.Sc. in Economics from the University of Copenhagen, Denmark. He was appointed as an Additional Director effective July 13, 2026, and has also been co-opted as a member of the Nomination and Remuneration Committee effective July 31, 2026.

Financial Performance in FY26

HCL Technologies delivered consolidated revenue of ₹130,144 crores in FY26, representing 11.2% growth year-over-year. The company reported net income of ₹16,642 crores and EBIT of ₹22,397 crores, equivalent to 17.2% of revenue. Excluding the one-time impact of New Labour Codes of ₹956 crores, the adjusted EBIT margin stood at 17.9%. Free Cash Flow (FCF) was ₹18,553 crores, representing 107% of net income, while Operating Cash Flow (OCF) was ₹19,975 crores.

The Board approved a total dividend payout of ₹60 per share for FY26, translating to 97.6% of net income being returned to shareholders. Return on Invested Capital (ROIC) stood at 40.3%, up 235 basis points YoY. Services revenue was ₹118,158 crores, up 12.1% YoY, while HCLSoftware revenue was ₹11,986 crores, up 2.9% YoY.

AI Strategy and Advanced AI Revenue

A key highlight of FY26 was the company's disclosure of annualized Advanced AI revenue of $620 million — the first such disclosure by a large-cap, India-headquartered technology services company. This category spans AI Factory, Physical AI, Robotics, AI Engineering, and Custom Silicon, distinct from Classical AI and usage of AI in traditional services. New deal total contract value (TCV) of net new bookings reached $9.3 billion for the year.

The company's AI-led growth strategy is anchored in five vectors:

• Proactive transformation of services through its AI Force platform, deployed across 75+ client accounts
• Building differentiated IP and repeatable solutions across IT, engineering, and BPO services
• Expanding into new AI-led services including AI Advisory, AI Engineering, and AI Factory
• Strengthening full-stack ecosystem partnerships with OpenAI, NVIDIA, Microsoft, AWS, and Google
• Upskilling its workforce, with 144,223 employees trained in AI during FY26, including 11,500 certified AI Builders and 715 Blackbelt-certified professionals

Business Segment Performance

HCL Technologies operates through three reportable segments. IT and Business Services (ITBS) accounted for 73.8% of overall revenue in FY26, growing 3.7% YoY in constant currency with an EBIT margin of 16%. Engineering and R&D Services (ERS) delivered 9.8% YoY revenue growth in constant currency with an EBIT margin of 16.8%. HCLSoftware reported revenue of $1,395 million, a decline of 4.1% YoY in constant currency, with an EBIT margin of 26.5% and Annual Recurring Revenue (ARR) of $1,045 million.

ESG and Sustainability Performance

HCLTech achieved a 55.84% reduction in Scope 1 and 2 emissions from its FY20 baseline, four years ahead of its 2030 target. The company also achieved a 9.56% reduction in Scope 3 emissions compared to FY20. Renewable energy accounted for 49.79% of total energy use in FY26, up from 34.38% in FY25. The company maintained 100% Zero Waste to Landfill Platinum Certification for all owned campuses in India and replenished 51 times more water than it consumed, totalling 47.57 billion liters replenished.

Key ESG ratings and recognitions during FY26 included:

• EcoVadis Gold rating for the second consecutive year, ranking in the 96th percentile globally
• MSCI ESG 'AA' Rating for strong ethics and human capital practices
• S&P Global Sustainability Yearbook inclusion for the 4th year in a row, with a 16% improvement in score
• SBTi validation of near-term and long-term climate targets
• Named one of Ethisphere's World's Most Ethical Companies for the third consecutive year

Through HCLFoundation, the company's cumulative CSR investment in India stood at ₹1,984 crores, impacting over 8.4 million lives with 54% female beneficiaries. The company planted over 3.5 million saplings and rejuvenated 386 water bodies. The HCLTech India Grant outlay was increased to ₹24 crores for the 11th edition, with four NGOs receiving ₹5 crore each and eight others receiving ₹50 lakh each.

Workforce and Governance

As of March 31, 2026, HCL Technologies' global workforce stood at 227,181 employees across 60 countries, representing 167 nationalities. The IT services voluntary attrition rate was 12.5%. Gender diversity stood at 29.6% women in the workforce, with over 50% women directors on the Board. The company onboarded 11,744 freshers during FY26. Gen Z constitutes approximately 31% of the workforce.

The BRSR was prepared on a consolidated basis and covers disclosures under the Essential and Leadership Indicators aligned with the nine principles of the National Guidelines on Responsible Business Conduct (NGRBC). Independent reasonable assurance on BRSR Core indicators was obtained from DNV Business Assurance India Private Limited.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE860A01027/218ce7b0-e81c-48b3-817f-e4045dc8c5a3.pdf

HCL Technologies released its global research report, The Blueprint for AI Leadership, on July 21, 2026, revealing a widening gap between organizations adopting AI and those realizing meaningful business value. The study, conducted with Raconteur among 500 enterprise decision-makers, highlights that while AI adoption is widespread, translating it into revenue remains a challenge for most. The report identifies a critical divergence between AI Leaders, who systematically convert AI into growth, and AI Followers, who remain focused on incremental efficiency gains.

The data shows that 90% of organizations report that GenAI and Agentic AI are transforming workflows, with 91% citing improved data access and 90% reporting productivity gains. However, only 18% of enterprises state that AI is delivering significant revenue impact. These AI Leaders are four times more likely to scale agentic and autonomous AI compared to their counterparts. The report attributes this success to superior execution in defining measurable use cases, where 73% of Leaders succeed versus 22% of Followers, and securing senior leadership sponsorship, achieved by 63% of Leaders compared to 36% of Followers.

Strategic Foundations and Workforce Readiness

The report details that the divergence is sharpest in foundational areas. AI Leaders have integrated AI into business strategy and built data readiness, significantly outpacing AI Followers in workforce transformation. A key differentiator is the presence of structured upskilling programs, which 93% of AI Leaders have established, compared to just 20% of AI Followers. This investment in human capital is cited as a crucial factor in enabling the scaling of AI capabilities across the enterprise.

Operational Integration and Maturity

AI Leaders are embedding AI into core workflows and decision-making processes, enabling scaling, adaptability, and continuous improvement. In contrast, AI Followers are yet to institutionalize these capabilities. The report notes that the shift from deploying tools to orchestrating enterprise-wide transformation is the defining advantage in AI maturity. While Followers evaluate AI through efficiency and cost lenses alone, Leaders leverage it for differentiated outcomes and competitive advantage.

“AI has entered a decisive phase, and success will come down to how well organizations bring people, data and technology together,” said Pawan Vadapalli, Corporate Vice President and Global Head, Digital Business Services at HCLTech. He emphasized that organizations pulling ahead are rethinking business operations by embedding AI into everyday decisions and workflows, creating a coordinated shift across leadership, culture, and foundations.