HFCL EGM approves preferential issue of securities

Board & Shareholder Meetings View source PDF

HFCL · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+6.5%1-day move

₹100.50

prior close

₹101.75

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+2.5+3.2+2.3+4.0+6.5+6.5+15.4+25.4+26.9+46.3+37.3+72.3+111.4+91.1

Up moveDown movePending

AI summary

HFCL held an EGM on April 24, 2026, where shareholders approved a special resolution for issue of securities on a preferential basis. Out of 73.01 crore valid votes, 99.39% (72.56 crore shares) were in favour and 0.61% (44.71 lakh shares) against. 565 members voted, representing 47.70% of total share capital. Promoters voted 100% in favour; public institutions 97.93% in favour, non-institutions 99.90% in favour.

Likely market impact

Shareholders have cleared the preferential securities issue, allowing HFCL to proceed with the planned capital raise.