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LIMITEDMain BoardEquity2024-04-012025-03-312025-05-222025-05-09INRCroresQuarterlyFourth quarterMulti segment2025-05-2216:00:002025-05-2216:50:00trueCash Flow IndirectDeclaration of unmodified opiniontruetrueNANAfalsetrue2025-04-01https://www.hfcl.com/wp-content/uploads/2025/05/HFCL-Policy-on-RPTs_Revised.pdftrue1falseNot Applicable2025-01-012025-03-31AuditedStandalone757190000015760000077295000007739500000575500000-19227000007101000004252000002308000008991000008657500000-9280000000-928000000-26700000064900000-2021000000-7259000000000-725900000-543300000-126920000014421000001-0.5-0.500-0.5-0.52024-04-012025-03-31AuditedStandalone37952200000609000000385612000001792610000011170200000-806500000272680000014946000008490000002786700000361469000002414300000024143000003311000001357000004668000000194750000000001947500000-35920000015883000001442100000101.351.35001.351.35Other Expns899100000Other 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Services35021300000Others063392700000839680000071789500000Telecom Products14901200000Turnkey Contracts and Services9199700000Others0241009000008063100000321640000001494600000-112230000035801000000-49699000007333000000-4383700000030332000000134360000068600000849000000810000033100000016220000000-96200000024010000000000-123200000018302000004244500000000-68800000043133000000360000000000060000020929000004240000000178980000000000000011920000000001367000000-1223800000-504960000000660000010200000000004673600000189690000010090000028840000013903000000011057000003694000000369400000208600000578000000Items that will not be reclassified to profit or loss-544000000-544000000Items that will not be reclassified to profit or loss-355200000-355200000-11000003000000Items that will be reclassified to profit or loss-400000-400000Items that will be reclassified to profit or loss-1000000-100000000-543300000-359200000HFCL Limited******DragaonWave HFCL India Pvt. Ltd.******SubsidiaryPurchase of goods or services10000000NA6000000720000013500000HFCL Limited******Exicom Energy System Pvt. Ltd.******Enterprise over which KMP and relatives exercise significant influenceAny other transactionRental Income100000NA10000000HFCL Limited******Exicom Power Systems Pvt. 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Ltd.******Wholly-owned SubsidiaryAny other transactionRental Income200000NA000Note for column O, The figures represent an amount of Rs. 33,000HFCL Limited******HFCL B.V.******Wholly-owned SubsidiarySale of goods or services500000000NA01990000019900000HFCL Limited******HFCL B.V.******Wholly-owned SubsidiaryPurchase of goods or services200000000NA6680000000HFCL B.V.******HFCL Canada INC.******Wholly-owned SubsidiarySale of goods or services0NA03860000038600000Pursuant to Regulation 23 of SEBI LODR Regulations, the approval of Audit Committee is not required for transactions entered into between two wholly-owned subsidiaries of the listed holding company, whose accounts are consolidated with such holding company and placed before the shareholders at the general meeting for approval.HFCL INC******HFCL Canada INC.******Wholly-owned SubsidiaryPurchase of goods or services0NA40200000040200000Pursuant to Regulation 23 of SEBI LODR Regulations, the approval of Audit Committee is not required for transactions entered into between two wholly-owned subsidiaries of the listed holding company, whose accounts are consolidated with such holding company and placed before the shareholders at the general meeting for approval.HFCL Limited******HFCL Employees' Trust******Employment Benefit Plans - ESOPLoan250000000NA47000001800000013300000Loan0NAUnsecuredTo subscribe shares under ESOP Scheme on behalf of eligible employeesHFCL Limited******HFCL INC******Wholly-owned SubsidiarySale of goods or services500000000NA356200000147900000466600000HFCL Limited******HFCL INC******Wholly-owned SubsidiaryPurchase of goods or services200000000NA3220000008900000HFCL Limited******HFCL Technologies Pvt Ltd******Wholly-owned SubsidiaryPurchase of goods or services1000000000NA190000002200000HFCL Limited******HFCL Technologies Pvt Ltd******Wholly-owned SubsidiarySale of goods or services1000000000NA60000081000008800000HFCL Limited******HFCL Technologies Pvt Ltd******Wholly-owned SubsidiaryLoan2000000000NA7100000067300000044000000Loan0.085 YearsUnsecuredTo carry on principal business activities by HTPLHFCL Limited******HFCL Technologies Pvt Ltd******Wholly-owned SubsidiaryInterest received2000000000NA1320000000HFCL Limited******HFCL Technologies Pvt Ltd******Wholly-owned SubsidiaryInvestment0NA7000000000700000000The Audit Committee at its meeting held on February 21, 2022 and through subsequent approvals time to time, sanctioned unsecured loans/ inter-corporate deposits to HFCL Technologies Private Limited, a wholly owned subsidiary company i.e. HTPL, from time to time to support the commencement of its commercial operations. Out of outstanding loans and interest accrued thereon, the Company has got its loans of Rs. 70 Crores converted into Unsecured 0%, Optionally Fully Convertible Debentures with a face value of ₹1,000 each. Further, pursuant to Regulation 23 of SEBI LODR Regulations, the approval of Audit Committee is not required for transactions entered into between a holding company and its wholly owned subsidiary whose accounts are consolidated with such holding company and placed before the shareholders at the general meeting for approval. Further, the said transaction does not fall in the ambit of Section 177 of the Companies Act, 2013, hence no approval of Audit Committee is required.HFCL Limited******HTL Limited******SubsidiaryPurchase of goods or services7500000000NA108420000013746000001434700000HFCL Limited******HTL Limited******SubsidiarySale of goods or services6000000000NA598300000212600000699800000HFCL Limited******HTL Limited******SubsidiaryPurchase of goods or services200000000NA2070000000HFCL Limited******HTL Limited******SubsidiaryLoan245000000NA0245000000245000000Loan0.1NAUnsecuredFunds have been utilized by HTL Limited for meeting its capital expenditure requirements.HFCL Limited******HTL Limited******SubsidiaryInterest received150000000NA1220000000HFCL Limited******HTL Limited******SubsidiaryAny other transactionGuarantee and Colletrals given7500000000NA049102000004910200000HFCL Limited******HTL Limited******SubsidiaryAny other transactionReceivable towards GST on Corporate Guarantee7500000000NA440000000HFCL Limited******MN Ventures Private Limited******Enterprise over which KMP and relatives exercise significant influenceAny other transactionPayable towards GST on Corporate Guarantee100000000NA08290000034400000HFCL Limited******MN Ventures Private Limited******Enterprise over which KMP and relatives exercise significant influenceAny other transactionRental Income0NA000Note for column K and O, The figures represent an amount of Rs. 40,000.HFCL Limited******Mr. Mahendra Nahata******Key Managerial Personnel and PromoterAdvance0NA085000005500000Remuneration as per the Companies Act, 2013 and Shareholders' ApprovalHFCL Limited******Mr. Mahendra Nahata******Key Managerial Personnel and PromoterRemuneration0NA4390000010000007200000Remuneration as per the Companies Act, 2013 and Shareholders' ApprovalHFCL Limited******Nimpa Telecommunications Pvt. Ltd.******Jointly Controlled EntityLoan0NA2500000100000007500000Loan0.13Repayble by March 2026UnsecuredFor Working Capital and General Corporate Business purposesThe Loan amount of Rs. 4,00,00,000 was given to Nimpa Telecommunications Private Limited prior to becoming the related party of HFCL Limited which was duly approved by the Board of Directors of HFCL Limited. During the period under review, Nimpa Telecommunications Private Limited has repaid the loan amounting to Rs.0.25 crore. HFCL Limited******Nimpa Telecommunications Pvt. Ltd.******Jointly Controlled EntityInterest received4000000NA6000000200000HFCL Limited******Polixel Security Sytems Pvt.Ltd.******Wholly-owned SubsidiaryPurchase of goods or services5000000NA60000000HFCL Limited******Polixel Security Sytems Pvt.Ltd.******Wholly-owned SubsidiaryPurchase of goods or services25000000NA012000001900000HFCL Limited******Raddef Pvt. Ltd.******SubsidiaryPurchase of goods or services100000000NA062000000HFCL Limited******Raddef Pvt. Ltd.******SubsidiaryLoan0NA02000000020000000Loan0.09Repayble by March 11, 2026UnsecuredFor Working Capital and General Corporate Business purposesThe Loan amount of Rs. 2,00,00,000 was given to Raddef Private Limited prior to becoming the related party of HFCL Limited which was duly approved by the Board of Directors of HFCL Limited.HFCL Limited******Raddef Pvt. Ltd.******SubsidiaryInterest received2000000NA9000000800000HFCL Limited******Satellite Finance Private Ltd.******Enterprise over which KMP and relatives exercise significant influenceAny other transactionRent Expenses4000000NA200000000HFCL Limited******Satellite Finance Private Ltd.******Enterprise over which KMP and relatives exercise significant influenceAny other transactionSecurity Deposit1600000NA016000001600000HFCL Limited******Shankar Sales Promotion Private Ltd.******Enterprise over which KMP and relatives exercise significant influenceAny other transactionRent Expenses9000000NA036000000HFCL Limited******Vinsan Brothers Private Ltd.******Enterprise over which KMP and relatives exercise significant influenceAny other transactionRent Expenses8900000NA015000000HFCL Limited******Vinsan Brothers Private Ltd.******Enterprise over which KMP and relatives exercise significant influenceAny other transactionSecurity Deposit3800000NA003800000HFCL Limited******Evanser Spaces LLP******Enterprise over which KMP and relatives exercise significant influenceAny other transactionRent Expenses11200000NA760000039000000HTL Limited, a subsidiary******Exicom Energy System Pvt. Ltd.******Enterprise over which KMP and relatives exercise significant influenceSale of goods or services0NA310000012000004100000It is a transaction between HTL Limited, subsidiary of HFCL Limited and related party of HFCL Limited. The transaction is within the limits of 10% of the annual standalone turnover of HTL Limited, therefore approval of the Audit Committee of HFCL Limited is not required.HTL Limited, a subsidiary******Exicom Energy System Pvt. Ltd.******Enterprise over which KMP and relatives exercise significant influencePurchase of goods or services0NA1000000100000It is a transaction between HTL Limited, subsidiary of HFCL Limited and related party of HFCL Limited. The transaction is within the limits of 10% of the annual standalone turnover of HTL Limited, therefore approval of the Audit Committee of HFCL Limited is not required. Note for column P. The figures represent an amount of Rs. 48,077HTL Limited, a subsidiary******Exicom Tele-Systems Limited******Enterprise over which KMP and relatives exercise significant influenceSale of goods or services0NA290000016000002400000It is a transaction between HTL Limited, subsidiary of HFCL Limited and related party of HFCL Limited. The transaction is within the limits of 10% of the annual standalone turnover of HTL Limited, therefore approval of the Audit Committee of HFCL Limited is not required.HTL Limited, a subsidiary******HFCL INC******Enterprise over which KMP and relatives exercise significant influenceSale of goods or services500000000NA14500000139500000128600000HTL Limited, a subsidiary******HFCL BV******Enterprise over which KMP and relatives exercise significant influenceSale of goods or services500000000NA01730000017300000HTL Limited, a subsidiary******Nimpa Telecommunications Pvt. Ltd.******Jointly Controlled EntityPurchase of goods or services0NA28100000137000007600000It is a transaction between HTL Limited, subsidiary of HFCL Limited and related party of HFCL Limited. The transaction is within the limits of 10% of the annual standalone turnover of HTL Limited, therefore approval of the Audit Committee of HFCL Limited is not required.HTL Limited, a subsidiary******Nimpa Telecommunications Pvt. Ltd.******Jointly Controlled EntitySale of goods or services0NA160000001900000It is a transaction between HTL Limited, subsidiary of HFCL Limited and related party of HFCL Limited. The transaction is within the limits of 10% of the annual standalone turnover of HTL Limited, therefore approval of the Audit Committee of HFCL Limited is not required.HTL Limited, a subsidiary******HFCL Technologies Pvt Ltd******Jointly Controlled EntitySale of goods or services400000000NA091000009100000HTL Limited, a subsidiary******HFCL Canada INC.******Wholly-owned SubsidiarySale of goods or services100000000NA031000003100000HFCL Limited******Nextwace Communications Private Limited******Enterprise over which KMP and relatives exercise significant influenceAny other transactionRental Income0NA000Note for column K and O. The figures represent an amount of Rs. 40,000.HFCL Limited******HFCL PTY LIMITED******Wholly-owned SubsidiarySale of goods or services0NA00500000The Sale of goods amounting to Rs. 5,28,558 with HFCL PTY LIMITED was prior to becoming the related party of HFCL Limited3211400000AuditedtrueS Bhandari & Co. LLPtrue2026-03-31Oswal Sunil & Companytrue2027-04-30QIP2023-08-3135200000002025-03-31trueCare Ratings LimitedfalseNot ApplicableNo CommentsNo CommentsManoj BaidCompany Secretary and Compliance OfficerNew Delhi2025-05-22Capital expenditureNA75000000001312000000All amounts are Rupees in crores.Research and Development ExpenditureNA85000000008500000000Repayment/prepayment of our short term borrowingsNA74040000007404000000Funding Working Capital RequirementsNA75000000007500000000General corporate purposesNA3346000003365000003365000000The actual issue proceeds come to Rs.352 Crore approx. and as per placement document, the expenses related to the issue were estimated at Rs.9.50 Crores. However, the actual issue related expenses incurred as on December 31, 2023 were Rs.9.31 Crores. Accordingly, the balance unutilised Rs.0.19 Crore were already transferred to the Monitoring Account on December 30, 2023. <br></br> <br></br> During the quarter ended December 31, 2023, the utilisation of funds under the object General corporate purposes increased from estimated amount of Rs.33.46 Crore to Rs.33.65 Crore due to decline in actualization of issue expenses from the estimated issue expenses by Rs.0.19 Crore. Accordingly, the net issue proceeds allocated towards various Objects is Rs.342.69 Crore.