HFCL Limited, a leading telecom and technology solutions company, successfully conducted its 38th Annual General Meeting (AGM) on 15th September 2025 at 11:00 a.m. (IST) through Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The meeting was chaired by Mr. Mahendra Nahata, Managing Director, and was attended by 150 members, along with Directors, CFO, Statutory Auditors, and Secretarial Auditor.

The meeting commenced with a welcome address by Mr. Manoj Baid, President & Company Secretary, who introduced the Board members and senior management. The AGM was conducted in compliance with the Companies Act 2013, SEBI Listing Regulations, and relevant MCA circulars for electronic meetings.

Members were informed about remote e-voting conducted via NSDL from 12th to 14th September 2025, and facility for e-voting during the AGM was also provided to members who had not cast votes remotely. Mr. Baldev Singh Kashtwal, Practicing Company Secretary, was appointed as Scrutinizer to ensure fair and transparent voting.

Key items deliberated at the 38th AGM included:

• Ordinary Resolutions:

  1. Adoption of audited standalone and consolidated financial statements for FY25.

  2. Declaration of dividend of ₹0.10 per share.

  3. Re-appointment of Dr. Ranjeet Mal Kastia as Non-Executive Director.

  4. Appointment of Mr. Baldev Singh Kashtwal as Secretarial Auditor.

• Special Resolutions:

  1. Shifting of the registered office from Himachal Pradesh to Haryana and amendment of the Memorandum of Association.

  2. Approval for raising of funds to support company growth and operations.

The Managing Director addressed members, providing an overview of the company’s financial performance, operational achievements, and future outlook for FY25. Auditors’ reports on standalone and consolidated statements were noted, with no qualifications or adverse remarks. The Secretarial Audit Report also had no reservations or qualifications.

Members were given the opportunity to ask queries, with 19 shareholders registering as speakers. The Chairman addressed all queries and thanked the members for their continued support. The AGM concluded with e-voting for members present through VC, which remained open for 30 minutes after conclusion.

Highlights:

• 38th AGM successfully conducted through VC/OAVM with full statutory compliance.

• Dividend of ₹0.10 per share declared for FY25.

• Approval for office relocation to Haryana, re-appointment of directors, and fund raising plans.

• Transparent e-voting process managed by NSDL and scrutinized by a practicing company secretary.

• Managing Director shared company’s growth strategy and future outlook, emphasizing operational excellence.

For more information, please contact:
HFCL Limited – Registered Office: 8, Electronics Complex, Chambaghat, Solan, Himachal Pradesh – 173213
Phone: (01792) 230644, 230645, 230647
Fax: (01792) 231902
Website: www.hfcl.com

This AGM reflects HFCL Limited’s continued commitment to corporate governance, transparency, and shareholder engagement while setting the stage for strategic growth initiatives.

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