News Announcement

HFCL: Announcement under Regulation 30 (LODR)-Allotment

We wish to inform you that the Committee at its meeting held today i.e. August 31 2023 has inter alia passed the following resolutions: Approved the closure of the Issue today (i.e. August 31 2023) pursuant to the receipt of application forms and the funds in the escrow account from the eligible qualified institutional buyers in accordance with the terms of the Issue; Determined and approved the allocation of 5 10 14 491 Equity Shares at an Issue price of ?69/- per Equity Share in accordance with the SEBI ICDR Regulations (including a premium of ? 68/- per Equity Share) upon the closure of the Issue determined in accordance with the formula prescribed under Regulation 176 of the SEBI ICDR Regulations for the Equity Shares to be allotted to the eligible qualified institutional buyers in the Issue; Approved and adopted the placement document dated August 31 2023

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