HFCL Ltd approves fund raise via issuance of 7.5 crore warrants to promoters
HFCL · Telecom - Services
Key highlights
- Board approved preferential issue of up to 7,50,00,000 warrants to Promoter/Promoter Group at ₹74 per equity share, raising ~₹555 crore
- Warrants convertible into equity shares within 18 months; 25% payment on subscription, balance on conversion; holders include NextWave Communications and Satellite Finance
- EGM scheduled for April 24, 2026 for shareholder approval; CARE Ratings appointed as monitoring agency; Mr. Baldev Singh Kashtwal appointed scrutinizer
Why it's rated notable: amount is ₹500 crore or more
Figures checked against the filing by a second AI read. About the business, not the share price.
Original filing
Board Meeting Outcome for Preferential Issue Of Warrants
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from HFCL
- Capex / expansionNotableHFCL Board approves approx ₹820 crore more capex for optical fiber, cable, preform
- Capex / expansionNotableHFCL approves ₹820 crore additional investment to expand optical manufacturing capacities
- Order winNotableHFCL enters $244M supply deal for Optical Fiber Cables with global customer
- Order winNotableHFCL secures export orders worth ~₹522.73 crore for Optical Fiber Cables
- Order winNotableHFCL secures ₹2666.09 Cr contract from Rail Vikas Nigam Limited for BharatNet Phase-III
Other fundraise / allotment filings this fortnight
- Supreme Engineering allots 14,50,00,000 warrants at ₹2.60 on preferential basis
- Bajaj Finance Limited allots 5.74 crore warrants to Bajaj Finserv on 10 Nov 2026
- Bajaj Finance approves preferential issue of 5.74 crore warrants to Bajaj Finserv
- Chaman Metallics Limited announces H1 FY27 financial results and proposed Rights Issue
- Harmony Capital Services receives BSE approval for preferential issue of shares
- Kuber Udyog: open offer corrigendum, allotments of shares and warrants at ₹23.10
Potential multibaggers · Q2 FY27
Potential multibaggers in Telecom - Services
on management's own guidance
- Strong growth2
- 1
- Bharti AirtelGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.