HFCL Ltd: Monitoring Agency Reports for QIP & Preferential Issue Proceeds

HFCL Ltd has submitted Monitoring Agency Reports for the quarter ended September 30, 2026, detailing the utilization of funds raised through Qualified Institutions Placements (QIP) and a Preferential Issue of Warrants. The company raised approximately ₹550 crore via QIP by allotting equity shares at ₹62.55 per share. Additionally, it approved a preferential issue of 7.5 crore warrants at ₹74 per warrant, receiving ₹138.75 crore as an upfront payment (25% of the issue price). CARE Ratings Limited, appointed as the Monitoring Agency, confirmed no deviation from the objects of the issue in its report.