HFCL Limited has officially notified stock exchanges about a board meeting scheduled for March 25, 2026, to consider a significant fund-raising proposal. The telecommunications equipment manufacturer will evaluate the issuance of warrants convertible into equity shares on a preferential basis to its promoter and promoter group entities, as per the regulatory filing under Regulation 29(1) of SEBI Listing Regulations.

Official Board Meeting Notification

The company has formally communicated to BSE and NSE regarding the upcoming board meeting agenda. The proposal involves fund raising through warrant issuance, subject to comprehensive regulatory and shareholder approvals.

Regulatory Compliance Requirements

The warrant issue proposal is contingent upon obtaining necessary approvals from multiple stakeholders. HFCL has emphasized that the transaction will proceed only after securing all required clearances as mandated under applicable regulations.

Key approval requirements include:

• Shareholder approval through appropriate resolutions
• Regulatory approvals from relevant governmental authorities
• Compliance with SEBI listing regulations and guidelines

Trading Window Closure Implementation

In strict adherence to insider trading prevention measures, HFCL has implemented a trading window closure for all designated persons. The restriction encompasses designated individuals, their immediate relatives, and other insiders as defined under the company's internal trading code.

The trading window closure complies with SEBI's Prohibition of Insider Trading Regulations, 2015, and the company's "Code of Internal Procedures and Conduct for Regulating, Monitoring and Reporting of Trading in Securities by Designated Persons." This measure ensures fair market practices and prevents potential misuse of material non-public information during the board meeting deliberations.

Corporate Communication Details

The official notification was signed by Manoj Baid, President & Company Secretary, and communicated to both BSE (Security Code: 500183) and NSE (Security Code: HFCL) on March 20, 2026. The company has requested stock exchanges to upload this information on their respective websites for public disclosure.

HFCL Limited has announced a revision in the completion timeline for its divestment of Nivetti Systems Private Limited. The company informed stock exchanges on March 16, 2026, about the extension of the transaction completion deadline through an addendum to the existing Share Purchase Agreement.

Transaction Timeline Extension

The completion of the stake sale has been rescheduled to June 30, 2026, from the previously announced date of March 15, 2026. This extension was formalized through an Addendum to the Share Purchase Agreement executed between HFCL Limited, Trinity Tech Solutions, and Nivetti Systems Private Limited.

Agreement Terms Remain Unchanged

HFCL emphasized that all other terms and conditions disclosed in compliance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 will remain unchanged. These terms were originally disclosed in the company's intimation dated September 01, 2025.

Previous Communications

The company has maintained regular communication with stock exchanges regarding this transaction. HFCL had previously issued intimations on September 01, 2025, October 15, 2025, and December 15, 2025, keeping stakeholders informed about the progress of the Share Purchase Agreement execution.

Regulatory Compliance

The disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was signed by Manoj Baid, President & Company Secretary of HFCL Limited, ensuring proper corporate governance protocols were followed.

The extended timeline provides additional flexibility for completing the transaction while maintaining transparency with regulatory authorities and shareholders through proper disclosure mechanisms.