HFCL Limited has completed the allotment of 7,50,00,000 warrants convertible into equity shares on a preferential basis to persons belonging to the Promoter and Promoter Group categories. The Allotment Committee of the Board of Directors approved the issuance at its meeting held on May 25, 2026. The company received the warrant subscription amount of ₹18.50 per warrant, representing 25% of the Warrant Exercise Price of ₹74 per warrant, aggregating to ₹138.75 crore.

The entire issue size was allotted to two specific entities. NextWave Communications Private Limited, falling under the Promoter category, received 3,75,00,000 warrants. Satellite Finance Private Limited, categorized as Promoter Group, received the remaining 3,75,00,000 warrants.

Shareholding Pattern Changes

Upon full conversion of these warrants into equity shares, the shareholding structure of the Promoter and Promoter Group category will see a significant increase. The following table details the pre and post-allotment shareholding figures:

The post-issue shareholding pattern is calculated based on the shareholding data as of May 22, 2026, assuming full conversion of warrants at ₹74 per equity share.

Regulatory Approvals

The preferential issue has secured necessary in-principle approvals from both BSE Limited and the National Stock Exchange of India Limited, which were granted on May 12, 2026. Additionally, the members of the company had approved the issuance via a special resolution passed during the Extra-Ordinary General Meeting held on April 24, 2026.

HFCL witnessed two significant block trades on the National Stock Exchange (NSE), both executed at Rs. 163.03 per share. The first trade involved approximately 3,191,287 shares valued at Rs. 52.03 crores, while the second covered approximately 1,797,343 shares amounting to Rs. 29.30 crores, reflecting continued large-investor activity in the stock.

Block Trade Details

The following table summarises the key parameters of both block trades recorded on the NSE:

Block trades are typically executed by institutional investors or large market participants outside the regular order book, and are often indicative of significant portfolio activity. The two transactions in HFCL shares, both priced at Rs. 163.03, underscore sustained interest from large investors in the company's stock.