Monitoring agency reports on QIP and warrant proceeds use for Q1FY27, no deviations
HFCL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
HFCL submitted CARE Ratings monitoring reports for Q1FY27 on two fund raises: a 550 crore QIP done in Dec 2025 and 555 crore promoter warrants issued in May 2026. Of the QIP, 513.72 crore has been utilized (35.40 crore spent this quarter - mainly 28.01 crore on optical fibre cable plant expansion and 7.39 crore on R&D), with 36.28 crore parked in SBI FDs. From the warrants, only 138.75 crore received so far (25 percent upfront) and 48.75 crore used for working capital needs. No material deviations from stated objects.
Confirms deployment is on track with no diversions. Promoter warrant tranche is only 25 percent received; balance of 416 crore due within 18 months. Mildly positive on governance.