The management of the Company will be hosting a plant visit for institutional investors on Friday, June 12, 2026 at the Company’s manufacturing facilities located in Hyderabad.
The Company will be participating in the “Defence Conference hosted by DAM Capital on Thursday, June 11, 2026 at Hyderabad, to discuss about the general business updates and the industry in which the Company operates, with investors on group/one-on-one interactions.
Transfer of the thermal weapon sight (TWS) business of HFCL to HASPL, as a going concern on a slump sale basis, for a lump sum consideration of ?50 Crore (Indian Rupees Fifty Crore only), pursuant to a business transfer agreement (“BTA”) executed by and between HFCL and HASPL, subject to completion of conditions precedent set out under the BTA.
Disinvestment/sale of up to 80% (eighty percent) of the paid-up share capital of Raddef Private Limited (“Raddef”), a non-material subsidiary of HFCL in which as of date, HFCL owns 90% (ninety percent) of the paid-up share capital, to HASPL for consideration of ?75 Crore (Indian Rupees Seventy-Five Crore only), pursuant to a share purchase agreement (“SPA”) executed by and amongst HFCL, Raddef and HASPL, subject to completion of the conditions precedent set out under the SPA.
A shareholders’ agreement has been executed by and amongst the parties to the SSA, i.e., HASPL, HFCL, Mr. Anant Nahata, Mr. Sushant Mohan Gupta, Mrs. Shubhra Gupta, BAS Engineering Private Limited and ITI Holdings and Investment Private Limited, to govern their relationship as shareholders of HASPL, and their respective rights in relation to the management, administration and affairs of HASPL, which shall come into effect in accordance with the terms and conditions prescribed thereunder. Upon consummation of the transactions envisaged under the HDSPL SPA, HASPL will make an investment in HDSPL for an aggregate amount of ?25 Crore which amount shall be utilized by HDSPL towards the acquisition of Aerostructure business of Defsys, on a slump sale and going concern basis for a cash consideration of ?25 Crore pursuant to a business transfer agreement executed amongst Defsys, HDSPL, DMG, Mr. Dev Mohan Gupta and Ms. Shubhra Gupta (“Defsys BTA”).
Investment in HFCL Advance Systems Private Limited (“HASPL”), presently a non-material wholly owned subsidiary of HFCL, by way of subscription to equity shares of HASPL, for consideration of ?89.25 Crore, in two tranches, pursuant to a share subscription agreement. The board of directors of HASPL at its meeting held today i.e. June 03, 2026 has, inter alia, considered and approved the acquisition of 100% (one hundred percent) of the paid-up share capital of HFCL Defence Systems Private Limited (“HDSPL”) (formerly known as Spiral EHL Engineering Private Limited) from Defsys Solutions Private Limited (“Defsys”) for a cash consideration of ?25 Crore , pursuant to a share purchase agreement.
Outcome of the Meeting of the Board of Directors of the Company held on June 03, 2026 as per attached letter.
Please find enclosed Public Notice by way of Advertisement in Newspapers - Special Window for re-lodgment of Transfer requests of Physical Shares in reference to SEBI Circular dated January 30, 2026
We are pleased to inform all stakeholders that the Company has received a Purchase Order worth ~INR 135.09 Crore from RailTel Corporation of India Limited, a Government of India Undertaking, under the Ministry of Railways (“RailTel”) for the Annual Maintenance Contract (“AMC”) of the project “Implementation of Secure Operations (OPS) Network” for data centers of Indian defence forces.
This is further to our earlier announcement dated March 25, 2026, regarding the issuance of 7,50,00,000 (Seven Crore Fifty Lakh) Warrants convertible into equity shares on preferential basis to persons belonging to Promoter/Promoter Group Category of the Company. We are pleased to inform all the stakeholders that upon receipt of the warrant subscription amount of ?18.50/- per warrant, being 25% of the Warrant Exercise Price of ?74/- per warrant, aggregating to ?138.75 crore (Rupees One Hundred Thirty Eight Crore Seventy Five Lakh Only) from the below mentioned allottees, the Allotment Committee (Warrants) of the Board of Directors of the Company, at its meeting held today i.e. May 25, 2026, has allotted 7,50,00,000 (Seven Crore Fifty Lakh) Warrants, being the entire issue size, to the allottees as per attached letter.
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 880.32 | 1,001.76 | 954.47 | 1,238.04 | 1,065.52 | 1,011.57 | 960.94 | 757.19 | 789.28 | 1,003.13 | 1,223.89 | 1,511.24 |
| YOY Revenue Growth % | -7.45% | -10.51% | -4.74% | -6.43% | 21.04% | 0.98% | 0.68% | -38.84% | -25.93% | -0.83% | 27.36% | 99.59% |
| Other Income | 13.16 | 17.60 | 46.20 | 13.25 | 11.09 | 13.04 | 21.01 | 15.76 | 14.09 | 15.07 | 15.15 | 23.15 |
| Total Income | 893.48 | 1,019.36 | 1,000.67 | 1,251.29 | 1,076.61 | 1,024.61 | 981.95 | 772.95 | 803.37 | 1,018.20 | 1,239.04 | 1,534.39 |
| Total Expenses + | 827.96 | 929.11 | 897.34 | 1,097.94 | 953.51 | 920.35 | 875.08 | 865.75 | 866.26 | 928.49 | 1,160.10 | 1,318.01 |
| Cost of Materials Consumed | 435.33 | 402.59 | 499.21 | 424.78 | 354.80 | 309.55 | 354.31 | 773.95 | 422.59 | 358.58 | 469.96 | 655.97 |
| Employee Benefit Expense | 70.27 | 59.82 | 68.42 | 66.28 | 65.78 | 64.01 | 71.88 | 71.01 | 84.16 | 70.30 | 79.93 | 106.52 |
| Other Expenses | 58.85 | 56.25 | 69.97 | 84.33 | 69.11 | 63.70 | 55.95 | 89.91 | 89.37 | 90.89 | 94.22 | 186.32 |
| Operating Profit | 52.36 | 72.65 | 57.13 | 140.10 | 112.01 | 91.22 | 85.86 | -108.56 | -76.98 | 74.64 | 63.79 | 193.23 |
| OPM % | 5.9% | 7.3% | 6% | 11.3% | 10.5% | 9% | 8.9% | -14.3% | -9.8% | 7.4% | 5.2% | 12.8% |
| Profit Before Tax + | 65.52 | 90.25 | 103.33 | 153.35 | 123.10 | 104.26 | 106.87 | -92.80 | -62.89 | 89.71 | 78.94 | 216.38 |
| Tax Expense | 16.77 | 22.70 | 25.41 | 37.91 | 9.12 | 29.38 | 28.39 | -20.21 | -20.55 | 28.27 | 22.75 | 38.80 |
| Tax % | 25.6% | 25.2% | 24.6% | 24.7% | 7.4% | 28.2% | 26.6% | - | - | 31.5% | 28.8% | 17.9% |
| Profit After Tax | 48.75 | 67.55 | 77.92 | 115.44 | 113.98 | 74.88 | 78.48 | -72.59 | -42.34 | 61.44 | 56.19 | 177.58 |
| EPS (Basic) | 0.35 | 0.49 | 0.54 | 0.81 | 0.79 | 0.52 | 0.54 | -0.50 | -0.29 | 0.42 | 0.39 | 1.59 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | 4,527.54 | 3,795.22 | 4,074.59 | 4,395.68 | 4,286.44 | 4,105.87 | 3,547.30 |
| YOY Revenue Growth % | 19.3% | -6.86% | -7.3% | 2.55% | 4.4% | 15.75% | - |
| Other Income | 67.46 | 60.90 | 100.13 | 49.46 | 43.83 | 33.22 | 20.95 |
| Total Income | 4,595.00 | 3,856.12 | 4,174.72 | 4,445.14 | 4,330.27 | 4,139.09 | 3,568.25 |
| Total Expenses + | 4,272.86 | 3,614.69 | 3,762.27 | 4,103.45 | 3,948.60 | 3,839.09 | 2,365.78 |
| Cost of Materials Consumed | 1,907.10 | 1,792.61 | 1,761.91 | 1,992.02 | 2,127.92 | 1,462.22 | 2,013.70 |
| Employee Benefit Expense | 340.91 | 272.68 | 264.79 | 279.60 | 261.60 | 215.69 | 193.77 |
| Other Expenses | 460.80 | 278.67 | 279.32 | 255.14 | 231.84 | 186.50 | 158.31 |
| Operating Profit | 254.68 | 180.53 | 312.32 | 292.23 | 337.84 | 266.78 | 1,181.52 |
| OPM % | 5.6% | 4.8% | 7.7% | 6.6% | 7.9% | 6.5% | 33.3% |
| Profit Before Exceptional | 322.14 | 241.43 | 412.45 | 341.69 | 381.67 | 300.00 | 327.93 |
| Exceptional Items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -4.13 | 0.00 |
| Profit Before Tax + | 322.14 | 241.43 | 412.45 | 341.69 | 381.67 | 295.87 | 327.93 |
| Tax Expense | 69.27 | 46.68 | 102.79 | 87.09 | 98.89 | 73.01 | 124.10 |
| Tax % | 21.5% | 19.3% | 24.9% | 25.5% | 25.9% | 24.7% | 37.8% |
| Profit After Tax | 252.87 | 194.75 | 309.66 | 254.60 | 282.78 | 222.86 | 203.83 |
| EPS (Basic) | 1.72 | 1.35 | 2.19 | 1.85 | 2.15 | 1.74 | 1.59 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Non-Current Assets + | 2,031.94 | 2,042.06 | 1,884.79 | 1,326.92 | 1,287.16 | 1,032.30 | 0.00 |
| Property, Plant & Equipment | 730.49 | 469.26 | 331.49 | 331.88 | 339.92 | 331.03 | 0.00 |
| Capital Work in Progress | 55.83 | 157.20 | 122.45 | 45.76 | 25.90 | 3.73 | 0.00 |
| Non-Current Investments | 57.69 | 130.80 | 167.27 | 37.09 | 32.96 | 32.88 | 0.00 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Intangible Assets | 233.51 | 177.64 | 116.98 | 15.81 | 11.50 | 16.42 | 0.00 |
| Current Assets + | 6,060.14 | 5,136.88 | 4,245.21 | 3,753.45 | 3,520.02 | 3,904.91 | 0.00 |
| Inventories | 1,166.33 | 731.17 | 618.95 | 584.45 | 408.51 | 306.25 | 0.00 |
| Trade Receivables | 1,812.60 | 1,894.23 | 2,127.03 | 1,784.35 | 1,804.15 | 2,528.03 | 0.00 |
| Cash and Cash Equivalents | 17.44 | 57.80 | 20.86 | 61.35 | 14.84 | 19.79 | 0.00 |
| Current Investments | 41.30 | 1.18 | 5.01 | 12.19 | 8.62 | 5.61 | 0.00 |
| LIABILITIES & EQUITY | |||||||
| Total Equity | 4,727.45 | 3,962.55 | 3,821.69 | 2,993.02 | 2,728.35 | 1,876.49 | 0.00 |
| Equity Share Capital | 153.03 | 144.21 | 144.01 | 137.64 | 137.49 | 128.44 | 0.00 |
| Other Equity | 4,574.42 | 3,818.34 | 3,677.68 | 2,855.38 | 2,590.86 | 1,748.05 | 0.00 |
| Non-Current Liabilities | 489.49 | 476.64 | 263.09 | 153.57 | 148.10 | 248.05 | 0.00 |
| Current Liabilities | 2,896.38 | 2,739.75 | 2,045.22 | 1,933.78 | 1,930.73 | 2,812.67 | 0.00 |
| Total Liabilities | 3,403.98 | 3,216.39 | 2,308.31 | 2,087.35 | 2,078.83 | 3,060.72 | 0.00 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activities | -481.13 | 431.33 | -110.90 | 184.87 | 140.89 | 0.00 | 0.00 |
| Cash from Investing Activities | -278.42 | -504.96 | -409.91 | -10.54 | -387.79 | 0.00 | 0.00 |
| Cash from Financing Activities | 719.19 | 110.57 | 480.32 | -127.30 | 241.95 | 0.00 | 0.00 |
| Net Increase/Decrease in Cash | -40.36 | 36.94 | -40.49 | 47.03 | -4.95 | 0.00 | 0.00 |