StockWatch
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Telecom - Infrastructure
Regulatory23 Jul 2026, 05:10 pm

HFCL Ltd: Monitoring Agency Reports for QIP & Warrants Proceeds (June 30, 2026)

AI Summary

HFCL Ltd has submitted Monitoring Agency Reports detailing the utilization of proceeds from its Qualified Institutions Placements (QIP) and Preferential Issue of Warrants for the quarter ended June 30, 2026. 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 (25% of the issue price). CARE Ratings Limited, appointed as the Monitoring Agency, has confirmed nil deviation from the stated objects for both issuances in its report for the specified quarter.

Key Highlights

  • Monitoring Agency Reports submitted for QIP and Preferential Issue proceeds.
  • QIP raised ~₹550 crore; Preferential Issue of Warrants received ₹138.75 crore.
  • CARE Ratings Limited confirms nil deviation in utilization of funds.
  • Reports cover the quarter ended June 30, 2026.