HFCL Ltd

We further wish to inform you that pursuant to the approval accorded by: (i) the board of directors of the Company (the Board) at its meeting held on July 25 2025 and (ii) the shareholders of the Company pursuant to the special resolution passed in the Annual General Meeting held through Video Conferencing (VC) / Other Audio-Visual Means (OAVM) facility on September 15 2025 the Fund Raising Committee of Directors (the Committee) has at its meeting held today i.e. December 22 2025 approved that the proposed fund raise shall be by way of issue of Equity Shares through a qualified institutions placement in accordance with the provisions of the SEBI ICDR Regulations and the Companies Act 2013 and the rules made thereunder each as amended.The meeting of the Committee commenced at 10:00 a.m. and concluded at 10:10 a.m.