HCL Infosystems Limited has informed the Exchange regarding allotment of 550000 securities pursuant to Non Convertible Securities , unlisted and unsecured.
HCL-INSYS · price
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HCL Infosystems has allotted 5,50,000 unlisted, unsecured non-convertible debentures of Rs 1,000 face value each, aggregating to Rs 55 crore, on 24 February 2026. The debentures were privately placed with HCL Capital Private Limited (a related-party entity within the HCL group) under the fourth tranche of its NCD issuance. The instruments carry a very low coupon of just 0.001% per annum, paid quarterly, with a 10-year tenure maturing on 23 February 2036, and principal is repayable as a bullet payment at maturity. The NCDs are unsecured, not proposed to be listed on any stock exchange, and carry no special rights for the holder.
This is essentially an internal group-level fund infusion at near-zero interest cost, which is favourable for HCL Infosystems as it avoids market-rate borrowing but represents a related-party transaction that minority shareholders should monitor. The negligible 0.001% coupon means very low finance cost, but it also raises questions about pricing fairness in a related-party deal. No immediate impact on stock price is expected since the securities are unlisted and not dilutive to equity.