The board of directors and shareholders of HFCL Limited have approved a Qualified Institutional Placement (QIP) of equity shares. The decision was made at meetings held on July 25, 2025, and September 15, 2025, respectively. The Fund Raising Committee approved the proposed fund raise at its meeting held on December 22, 2025. The QIP involves issuing equity shares under applicable regulations.
QIP Approval
HFCL Limited has received approval for a Qualified Institutional Placement (QIP) of its equity shares. The decision was ratified by the board of directors on July 25, 2025, and by the shareholders on September 15, 2025, at an Annual General Meeting held via video conferencing.
Fund Raising Committee Decision
On December 22, 2025, the Fund Raising Committee of Directors formally approved the proposed fund raise through the issuance of equity shares. This decision aligns with the provisions outlined in the relevant regulations and the Companies Act.
Meeting Conclusion
The meeting of the Committee commenced at 10:00 a.m. and concluded at 10:10 a.m. on December 22, 2025.
Source: BSE
