In continuation to our earlier announcement dated September 11, 2025 and pursuant to Regulation 30 read with Part A of Schedule III to the SEBI Listing Regulations, we wish to inform you ....

Greenfield plant commissionedCapex & Operations View source PDF Explain this filing

HFCL · price

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Price reactionminutes from the announcement price · days from the prior close

-0.6%Reaction day

₹152.97

prior close

₹142.32

announcement price

In-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.0%-0.7% vs market

Telecom - Infrastructure peers, median of 5sector-1.8%+1.2% vs sector

On the reaction day the stock moved 0.7 pts less than Nifty Smallcap 250 and 1.2 pts more than its Telecom - Infrastructure peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

+1.1

30m

+2.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.6+0.0-0.7-1.8+1.2

Next day

-3.5-0.4-3.1-3.3-0.1

-8.9-1.8-7.1-2.2-6.7

-9.8-0.7-9.1+1.1-11.0

-9.2-0.6-8.6+2.1-11.3

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+6.6+1.1+5.4+1.7+4.9

15d

+22.4+1.6+20.8-0.3+22.7

+18.0+3.0+14.9-0.9+18.9

+38.5+7.1+31.5-1.8+40.3

+45.6+8.9+36.7-7.0+52.6

UpDownMarket · Nifty Smallcap 250Sector · Telecom - Infrastructure peers, median of 5Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

HFCL's Board has approved establishing a new Defence Manufacturing Facility in Sri Satya Sai District, Andhra Pradesh, for producing Multi-Mode Hand Grenade (MMHG) and similar products. The total initial capital outlay is approximately ₹230 crore, with planned capacity of about 40 lakh units. The project is expected to be completed by December 2027. The company plans to fund this through internal accruals, debt financing, and/or proceeds from preferential issue of convertible warrants. This move aligns with India's Aatmanirbharta (self-reliance) initiative in defence production.

Likely market impact

This is a significant expansion into defence manufacturing that could boost HFCL's long-term growth prospects. The ₹230 crore investment signals strong commitment to the defence sector but will require capital raise or debt, potentially impacting near-term financials.