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  • Security Code500183
    CompanyHFCL Ltd
    Exchange Received Time15/04/2024 11:34:57
    Exchange Disseminated Time15/04/2024 11:34:57
    Time Taken00:00:00
     
     
     Disclosures Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 | 4/15/2024 11:34:57 AM 
     We would like to inform that one of the warrant holders, namely Mr. Brij Bhushan Singh, belonging to the non-promoter category and being a part of the senior leadership team, who sought early retirement form the Company, holding 2,00,000 warrants, and since retired, did not exercise the conversion option within 18 months from the date of the allotment, i.e. on or before April 14, 2024. Therefore, the 25% of Warrant Exercise Price i.e. Rs.40,00,000 received by the Company stands forfeited as per provisions of Regulation 169(3) of Chapter V of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. 
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(18) 30 Apr 24|09:47 (IST)