HCL Infosystems Limited has completed the allotment of unlisted, unsecured non-convertible debentures worth Rs. 100 crore through private placement. The company informed the stock exchanges on 28.01.2026 about this significant fundraising activity under the second tranche of its debenture issuance program.

Debenture Allotment Details

The company has allotted 10,00,000 non-convertible debentures to HCL Capital Private Limited through private placement. Each debenture carries a face value of Rs. 1000, aggregating to a total issue size of Rs. 100,00,00,000.

Terms and Conditions

The debentures carry an interest rate of 0.001% per annum, with quarterly payment schedule. The instruments have a maximum tenure of 10 years from the date of allotment, making the maturity date 27.01.2036. However, the debentures may be redeemed prior to maturity upon mutual agreement between the issuer and the allottee.

Security and Listing Status

The debentures are unsecured in nature, with no charge or security created over the company's assets. The instruments will remain unlisted and will not be traded on any stock exchange. The company has indicated that redemption of debentures will be made either out of profits or through fresh issue.

Regulatory Compliance

The allotment was conducted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had previously disclosed its intention for this allotment on 06.11.2025, and the current intimation fulfills the regulatory requirements under SEBI circular guidelines dated July 13, 2023, and November 11, 2024.

The disclosure was signed by Twinkle Monga, Company Secretary and Compliance Officer, confirming the completion of this fundraising initiative under the company's capital structure optimization strategy.

HCL Infosystems Limited has secured a significant legal victory with the High Court of Himachal Pradesh allowing its subsidiary to withdraw ₹4.96 crores in a litigation matter involving the RAPDRP project. The interim court order provides relief to the company while ongoing legal proceedings continue.

Court Order Details

The High Court of Himachal Pradesh issued an interim order dated January 8, 2026, which was received by the company on January 12, 2026. The order allows HCL Infotech Limited, a wholly owned subsidiary of HCL Infosystems Limited, to withdraw the remaining amount deposited by Himachal Pradesh State Electricity Board (HPSEBL) for the RAPDRP project.

Litigation Background

The current proceedings stem from an appeal filed by HPSEBL against an arbitration award dated March 15, 2024, which was subsequently amended and corrected through an order dated May 9, 2024. The litigation involves the RAPDRP (Restructured Accelerated Power Development and Reforms Programme) project, where HPSEBL had deposited funds that are now subject to withdrawal by HCL Infosystems' subsidiary.

The company has been regularly updating stakeholders about this litigation matter, with previous disclosures made on March 18, 2024, May 13, 2024, and January 2, 2026, demonstrating ongoing compliance with regulatory requirements.

Financial and Legal Implications

The court's decision to allow withdrawal of ₹4.96 crores against a bank guarantee provides immediate liquidity benefits to HCL Infotech Limited while maintaining security for the opposing party. The amount includes both the principal deposit and accrued interest, representing the complete remaining funds deposited by HPSEBL.

Regulatory Compliance

HCL Infosystems Limited disclosed this development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure follows the company's commitment to keeping investors informed about material developments in ongoing litigation matters.

The company noted that both parties retain the right to file appeals against the High Court's interim order, indicating that the litigation may continue through higher judicial forums. This legal development represents a positive interim outcome for HCL Infosystems while the broader dispute resolution process remains ongoing.