HFCL Limited has announced its Extra-Ordinary General Meeting (EGM) scheduled for April 24, 2026, to seek shareholder approval for a significant preferential issue of warrants worth ₹555.00 crore. The telecommunications equipment manufacturer issued the formal notice under Regulation 30 of SEBI Listing Regulations on April 01, 2026.

Meeting Details and Warrant Issue Proposal

The EGM will be conducted on Friday, April 24, 2026 at 01:00 PM (IST) through Video Conferencing (VC)/Other Audio Visual Means (OAVM) facility. The primary agenda involves approving the issuance of 7,50,00,000 convertible warrants to promoter entities.

Preferential Issue Structure

The company proposes to issue warrants convertible into equity shares at ₹74.00 per share, which exceeds the minimum price of ₹72.52 calculated under SEBI ICDR Regulations. The warrants will be allocated to two promoter entities with an 18-month conversion period.

Proposed Allotment:

• NextWave Communications Private Limited: 3,75,00,000 warrants
• Satellite Finance Private Limited: 3,75,00,000 warrants

Fund Utilization and Strategic Objectives

The company intends to deploy the raised funds across multiple strategic initiatives to strengthen its market position and expand into high-growth segments.

Electronic Voting and Regulatory Compliance

Shareholders can participate through remote e-voting from April 21, 2026 (09:00 AM) to April 23, 2026 (05:00 PM). The company has appointed NSDL as the e-voting platform provider and Mr. Baldev Singh Kashtwal as the scrutinizer.

Digital Access Channels:

• Company website: www.hfcl.com
• BSE Limited: www.bseindia.com
• NSE: www.nseindia.com
• NSDL e-voting: www.evoting.nsdl.com

CARE Ratings Limited has been appointed as the monitoring agency to oversee fund utilization, as required for issues exceeding ₹100.00 crore. The meeting follows MCA and SEBI circulars permitting virtual shareholder meetings while ensuring comprehensive regulatory compliance.

HFCL Limited has announced the opening of a special window for the re-lodgment of physical share transfer requests, following a Securities and Exchange Board of India (SEBI) circular dated January 30, 2026. This initiative aims to facilitate ease of investing for investors and secure their rights in securities purchased before the mandatory dematerialization deadline.

Special Window Details

SEBI, through circular no. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026, has decided to open another special window for a period of one year. The window will operate from February 05, 2026 to February 04, 2027, specifically for the transfer of physical shares that were sold or purchased prior to April 01, 2019.

This special window covers transfer requests that were previously submitted but were rejected, returned, or not attended to due to deficiencies in documents, processes, or other reasons.

Transfer Conditions and Restrictions

During this period, securities transferred will be mandatorily credited to the transferee only in dematerialized (demat) mode. These securities will remain under lock-in for a period of one year from the date of registration of transfer.

Important restrictions during the lock-in period include:

• Securities cannot be transferred
• Lien-marking is not permitted
• Pledging is prohibited

Registrar and Share Transfer Agent Details

Eligible investors are encouraged to submit their requisite documents to the company's Registrar and Share Transfer Agent within the specified period:

Public Notice and Compliance

Pursuant to the SEBI circular, HFCL Limited has published newspaper advertisements containing information about the special window opening. The advertisements were published on Tuesday, March 31, 2026, in the following editions:

• The Indian Express (Delhi & Chandigarh) – English
• Divya Himachal (Shimla) – Hindi
• Jansatta (Chandigarh) – Hindi

The company has also made this information available on its official website at www.hfcl.com for broader accessibility and transparency.

Regulatory Framework

This initiative falls under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has duly informed both BSE Ltd. (Security Code: 500183) and National Stock Exchange of India Ltd. (Security Code: HFCL) about this development, requesting them to disseminate the information on their respective websites.

The special window represents SEBI's continued efforts to facilitate investor convenience while ensuring proper regulatory compliance in the securities market. Investors holding physical shares from the specified period are advised to take advantage of this one-time opportunity within the designated timeframe.