HFCL Ltd

HFCL Ltd. to Issue ₹555 Cr in Convertible Warrants via EGM 📅

• Extra-Ordinary General Meeting (EGM) scheduled for April 24, 2026, at 1:00 PM IST via video conferencing.

• Issuance of up to 7.5 crore warrants convertible into equity shares at ₹74 per share, totaling ₹555 crore.

• Warrants allocated to NextWave Communications Private Limited (3.75 crore) and Satellite Finance Private Limited (3.75 crore), both promoter/promoter group entities.

• Upfront payment of 25% (₹18.50 per warrant) required; remaining 75% (₹55.50 per warrant) due upon conversion within 18 months.

• Remote e-voting available from April 21, 2026, 9:00 AM IST to April 23, 2026, 5:00 PM IST, facilitated by NSDL.

• Cut-off date for determining voting rights is April 17, 2026.