HFCL LIMITED — Capital/Financing Update 2025

Dec 24, 2025

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HFCL/SEC/25-26/Online Date: December 24, 2025

BSE Limited Corporate Relations Department Phiroze Jeejeebhoy Towers Dalal Street Fort, Mumbai 400 001 Maharashtra, India Corp.relations@bseindia.com Security CodeNo.:500183	National Stock Exchange of India Limited Listing Department Exchange Plaza, Plot No. C/1, G Block, Bandra Kurla Complex Bandra (East), Mumbai 400051 Maharashtra, India cmlist@nse.co.in Security CodeNo. : HFCL

• Subject: Disclosure of the details of allotment in the Issue (as defined hereinafter) by HFCL Limited (the “Company”) in accordance with the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements), 2015, as amended (the “SEBI Listing Regulations”)

• Re: Qualified institutions placement of equity shares of face value of ₹ 1 each (the “Equity Share(s)”) by HFCL Limited (the “Company”) under the provisions of Chapter VI of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the “SEBI ICDR Regulations”), and Section 42 and 62 of the Companies Act, 2013 (including the rules made thereunder), as amended (the “Issue”)

Dear Sir(s)/Madam

In continuation of our earlier letter dated December 22, 2025 and December 24, 2025 on the captioned subject, we wish to inform you that, in respect of the Issue, the Fund Raising Committee of Directors (“ Committee ”) at its meeting held today, i.e., December 24, 2025, has inter-alia approved the following:

• a) Issue and allotment of 8,79,29,651 Equity Shares to 14 eligible qualified institutional buyers at the issue price of ₹ 62.55/- per Equity Share (including a premium of ₹61.55/- per Equity Share) , (which included a discount of Rs. 3.29 i.e. 5% to the floor price of ₹65.84) aggregating to approximately ₹550 Crores (Rupees Five Hundred Fifty Crores) pursuant to the Issue in accordance with the provisions of the SEBI ICDR Regulations.

The Issue opened on December 22, 2025 and closed on December 24, 2025 and the same was intimated to you through our letters dated December 22, 2025 and December 24, 2025, respectively.

The information as required under Regulation 30 of SEBI Listing Regulations read with Schedule – III part- A to the SEBI Listing Regulations and SEBI master circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, is as follows:

Type of securities issued and allotted	Equity Shares
Type of issuance	Qualified Institutions Placement
Total no. of securities issued	8,79,29,651 Equity Shares of face value of ₹ 1 at an issue price of ₹ 62.55 per Equity Share (including a premium of ₹ 61.55 per Equity Share), aggregating to ~₹ 550 Crores
Total amount for which securities issued	~₹ 550 Crores

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Further, please find attached herewith the list of allottees who have been allotted more than 5% of the Equity Shares offered in the Issue, marked as Annexure 1.

The shareholding pattern of the Company, before and after the Issue, will be submitted along with the listing application in the format specified in Regulation 31 of the SEBI Listing Regulations.

We request you to kindly take this on records, and the same be treated as compliance under the applicable regulations of the SEBI Listing Regulations.

The meeting of the Committee commenced at 11.30 a.m. and concluded at 11.45 a.m.

Thanking you

Yours faithfully For HFCL Limited

Manoj Digitally signed by Manoj Baid Baid Date: 2025.12.24 11:50:12 +05'30' (Manoj Baid) President & Company Secretary

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Annexure 1

List of allottees who have been allotted more than 5% of the Equity Shares offered in the Issue:

Sr. No.	Name of Allottees	Number of Equity Shares Allotted	Percentage of total Equity Shares offered inthe Issue
1.	RAJASTHAN GLOBAL SECURITIES PRIVATE LIMITED	1,91,84,652	21.82
2.	NECTA BLOOM VCC - NECTA BLOOM ONE	1,59,87,210	18.18
3.	FINQUEST FINANCIAL SOLUTIONS PVT. LTD	1,19,90,407	13.64
4.	SHINE STAR BUILD CAP PVT LTD	79,93,605	9.09
5.	NOVA GLOBAL OPPORTUNITIES FUND PCC - TOUCHSTONE	75,13,988	8.55
6.	ABUNDANTIA CAPITAL VCC- ABUNDANTIA CAPITAL III	63,94,884	7.27