HCL Technologies Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 26, 2025. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
HCLTECH · price
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Awaiting price reaction for this filing.
HCL Technologies held its 33rd AGM on August 26, 2025 via video conferencing, chaired by Roshni Nadar Malhotra, with 182 members attending; the meeting concluded at 12:30 PM. A total of 7 resolutions were put to vote and all passed with the requisite majority, including adoption of FY25 audited financials (99.98% in favour) and appointment of Makarand M. Joshi & Co. as Secretarial Auditor (99.99% in favour). Shareholders approved the re-appointment of Ms. Roshni Nadar Malhotra as Director (99.60%), Ms. Vanitha Narayanan as Independent Director (99.65%), and Mr. C. Vijayakumar as Managing Director (95.86%). Two Special Resolutions — variation of the RSU Plan 2024 (94.53% in favour) and authorisation for secondary share acquisition by the HCL Technologies Stock Options Trust (96.16%) — also passed, though these received comparatively lower public institutional support. The Chairperson marked the Company's 25th IPO anniversary (January 11, 2025), highlighted best-in-class revenue growth for the second consecutive year, AI-led offerings, and the Net Zero by 2040 commitment; Mr. Thomas Sieber retired from the Board at the close of the AGM.
This is a routine AGM outcome filing with comfortable shareholder approval on all resolutions, signalling no governance concerns. The slightly lower but still strong support on the RSU Plan 2024 variation (94.53%) and share buyback authorisation (96.16%) reflects typical institutional pushback on stock dilution mechanisms but is unlikely to materially affect the stock price.