HCL Technologies has granted 43,27,271 Restricted Stock Units (RSUs) to eligible employees of the company and its subsidiaries under the HCL Technologies Limited - Restricted Stock Unit Plan 2021 and HCL Technologies Limited - Restricted Stock Unit Plan 2024. The Nomination and Remuneration Committee approved the grants via circulation on July 3, 2026. These RSUs represent 0.159% of the paid-up equity share capital of the company as on date, and the scheme is in terms of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

Grant Details

The company allocated 2,04,784 RSUs to 9 eligible employees under the RSU Plan 2021. Under the RSU Plan 2024, 41,22,487 RSUs were granted to 2,102 eligible employees. Each RSU entitles the holder to one fully paid-up equity share of ₹ 2/- each upon vesting and exercise. The plans are implemented through a trust mechanism that acquires shares from the secondary market, meaning no fresh shares will be issued by the company to the trust or employees.

Vesting Schedule

The RSUs will vest in phases between July 2027 and July 2029. The table below details the vesting dates and the number of RSUs applicable for each plan.

Key Terms

The exercise price for the RSUs is ₹ 2/- per RSU, which is the par value of the equity share. Vested RSUs must be exercised by eligible employees within a maximum period of 6 months from the date of vesting. As the trust acquires shares from the secondary market, the company stated there will not be any dilution of earnings per share resulting from the exercise of these RSUs. Additionally, the company cancelled 15,265 RSUs under the RSU Plan 2021 and 11,356 RSUs under the RSU Plan 2024 that were earlier approved for grant.

HCL Technologies Limited has approved an investment of up to ₹3,500 crore to establish AI data centers in India, marking its entry into the full-stack AI market. The investment will be made through new subsidiaries, including direct and step-down entities, to address growing demand for AI-led services across the private sector and government. The initiative aims to capitalize on the rapid expansion of India's data center ecosystem, which is projected to grow to 5-7GW by 2030 from the current 1.8 GW.

The Board of Directors approved the proposal during a meeting held on July 13, 2026. The new subsidiary, yet to be incorporated, will operate within the Information Technology Infrastructure sector and will be a wholly owned subsidiary of HCL Technologies Limited. The initial capital infusion for setting up this entity is ₹15 lakhs, with further investments to be made as required.

The strategic move is designed to position HCL Technologies as a full-stack AI technology solutions provider. C Vijayakumar, CEO & Managing Director, stated that the convergence of AI-led demand, supply constraints, and the push for digital sovereignty presents a significant opportunity. He emphasized that the investment would enable the company to capture the full value of the transition from physical infrastructure to AI-ready solutions.

The AI data centers are expected to scale to a capacity of 50MW. This infrastructure will complement HCLTech's existing capabilities in AI data center design, DevOps, and AI cloud operations. The company intends to integrate these new assets with its software portfolio to offer an end-to-end solution for global clients.

Investment and Subsidiary Details

The disclosure regarding the new subsidiary was made under Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. The following table outlines the key details of the entity to be incorporated:

The Board meeting commenced at 1:05 P.M. (IST) and concluded at 5:05 P.M. (IST) on July 13, 2026.