HFCL Limited convenes an EGM on April 24, 2026 to seek shareholder approval for a ₹555 crore preferential warrant issue.
7.5 crore warrants at ₹74 each will be allotted to promoter entities NextWave Communications and Satellite Finance Private Limited.
Proceeds will fund preform manufacturing (₹175 cr), defence facility (₹50 cr), subsidiary equity (₹90 cr), and working capital (₹140 cr).
Post-conversion, promoter/promoter group holding will rise from 28.29% to 31.64% on a fully diluted basis.