HCL INFOSYSTEMS LTD.

HCL Infosystems Ltd has received a favorable order from the Hon'ble CESTAT, Allahabad, dated August 12, 2026. The tribunal allowed the company's appeal, setting aside an earlier order from the Commissioner, Central Goods & Services Tax, Noida, dated October 31, 2018. Consequently, a demand of ₹16.67 Crores, along with applicable interest and penalty, confirmed against the company under Section 73 of the Finance Act, 1994, has been dismissed. This ruling pertains to the applicability of Service Tax under reverse charge on royalty paid outside India. The Department retains the right to appeal.

HCL Infosystems Ltd has received a favorable order from the Hon'ble CESTAT, Allahabad, dated August 10, 2026. The tribunal allowed the company's appeal, setting aside an earlier order from the Commissioner, Central Goods & Services Tax, Noida, dated July 27, 2017. Consequently, a demand of ₹22.85 Crores, along with applicable interest and penalty, confirmed against HCL Infosystems under Section 73 of the Finance Act, 1994, has been dismissed. This outcome is a significant relief for the company, although the department retains the right to appeal.

HCL Infosystems Limited announced its unaudited financial results for the quarter ended June 30, 2026. Revenue for the quarter stood at ₹417.55 Lakhs, a decrease from ₹528.20 Lakhs in the previous quarter, primarily due to one-time revenue recognition from a defense project change request and another customer in the prior period. The company reported a Loss Before Tax (PBT) of ₹1668.08 Lakhs, which is higher than the ₹1316.72 Lakhs loss in the previous quarter. The increased loss was attributed to the absence of interest on tax refunds and writebacks of vendor balances in the current quarter. The company continues to focus on expediting tax refund collections and recovering long-overdue receivables through arbitration. Legal, professional, and consultancy expenses amounted to ₹601.70 Lakhs. A significant positive development was the Supreme Court's dismissal of an income tax appeal, quashing a demand of ₹1,490 lakhs. The company also received tax refunds totaling ₹2,660 Lakhs.

HCL Infosystems Limited announced its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors approved these standalone and consolidated results during a meeting held on August 06, 2026. The financial statements have undergone a limited review by the statutory auditors, B S R & Associates LLP. Additionally, the Board approved the notice for the 40th Annual General Meeting (AGM), scheduled for September 16, 2026, to be conducted via Video Conferencing (VC) / Other Audio Visual Means (OAVM). The company's website will also host this information.

HCL Infosystems Limited announced that its Board of Directors has approved the unaudited financial results for the quarter ended June 30, 2026. The results, which are standalone and consolidated, have undergone a limited review by the statutory auditors, B S R & Associates LLP. Additionally, the Board approved the notice for the 40th Annual General Meeting (AGM), scheduled for September 16, 2026, to be held via Video Conferencing (VC) / Other Audio Visual Means (OAVM). The company's website will also host this information.

HCL Infosystems Ltd has announced that its Board of Directors will convene on August 6, 2026, to consider and approve the unaudited financial results for the first quarter ended June 30, 2026, on both standalone and consolidated bases. In line with SEBI regulations, the company has closed its trading window from July 1, 2026, until 48 hours after the results declaration. This closure applies to directors, promoters, designated persons, and connected individuals. Notably, no investor conference call will be held following this announcement.

HCL Infosystems Limited has received a final order from the Supreme Court dismissing the Income Tax Department's Special Leave Petition. The dispute pertained to the taxability of ₹60.80 crores compensation received from HP in FY 1997-98 following the termination of a joint venture agreement. Initially treated as a capital receipt by HCL Infosystems, the Assessing Officer and CIT(Appeals) deemed it taxable capital gain, leading to a demand of ₹14.90 crores. However, the Income Tax Appellate Tribunal and Delhi High Court ruled in favor of HCL Infosystems, a decision now upheld by the Supreme Court's dismissal of the SLP. This outcome confirms the compensation as a non-taxable capital receipt.

HCL Infosystems Limited has informed the stock exchange that the Central Goods and Services Tax (CGST) department has filed an appeal before the Hon'ble Allahabad High Court. This appeal challenges a previous order by the Hon'ble CESTAT, Allahabad, which had set aside a demand of ₹312.34 Crores plus interest and penalty against the company. The matter is currently at the admission stage, with no interim orders passed. HCL Infosystems believes it has a strong case and will continue to defend the proceedings.

HCL Infosystems Ltd has announced the closure of its trading window for designated and connected persons. This closure will be effective from July 1, 2026, and will remain in effect until 48 hours after the announcement of the unaudited financial results for the quarter ending June 30, 2026. The company has informed all relevant individuals not to trade in its securities during this period, adhering to its Code of Conduct for regulating and monitoring trading by insiders.

HCL Infosystems Ltd announced its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The company reported revenue of ₹528.20 Lakhs in Q4’FY26 and ₹2,160.86 Lakhs in FY26. The company faced a Loss Before Tax of ₹3,130.66 Lakhs for FY26. The company is pursuing recovery of long-overdue receivables from customers through arbitration proceedings. HCL Capital Private Limited will provide financial support up to ₹1,50,000 lakhs.