HFCL Ltd

HFCL Expands Defense & Aerospace Portfolio with Acquisitions Totaling ₹175 Crore 🚀

- HFCL Limited shareholders approved a special resolution with over 99% votes to issue warrants to Promoters/Promoter Group on April 24, 2026.

- The National Stock Exchange (NSE) requested clarifications regarding disclosures in the EGM notice, leading to this announcement.

- Pending final deployment, the Board has flexibility to use the net proceeds from the warrant issue as per applicable laws.

- Funds invested in subsidiary HFCL Advance Systems Private Limited will be used for acquisitions totaling up to ₹175 crore:

- - Up to ₹25 crore for 100% acquisition of Spiral EHL Engineering Private Limited

- - Up to ₹25 crore for Aeronautics and Aerospace business of Defsys Solutions Private Limited

- - Up to ₹50 crore for Thermal Weapon Sight Business of HFCL Limited

- - Up to ₹75 crore for 80% stake in Raddef Private Limited

- HFCL Limited will invest ₹90 crore in HFCL Advance Systems, with the remaining ₹85 crore to be arranged by the subsidiary from other sources.

- No warrants have been issued yet; issuance will occur after receiving stock exchange approvals and completing regulatory formalities.