HFCL Ltd

This is further to our earlier announcement dated October 15 2022 regarding the allotment of 14100000 (One Crore Forty-One Lacs only) Warrants convertible into equal number of equity shares of face value of ?1/- each at a price of ? 80/- per Equity Share (Warrant Exercise Price) on preferential basis to one of the Promoters of the Company and to certain persons belonging to non-Promoter category being senior leadership team.We would like to inform that the Company has received a sum of ?13.20 Crores (Rupees Thirteen Crores Twenty Lakhs Only) being balance 75% of the Warrant Exercise Price in respect of 2200000 warrants (i.e. @ ?60 per warrant) from certain employees of the senior leadership of the Company belonging to Non-Promoter Category who have exercised all of their warrants into 2200000 equity shares of the Company as per details in the attached letter.