HFCL Limited announced the successful closure of its Qualified Institutions Placement (QIP) of equity shares. The Fund Raising Committee of Directors, in a meeting held on December 24, 2025, approved the closure of the issue. The company allocated 8,79,29,651 Equity Shares at an issue price of ₹62.55 per share. This price represents a discount of ₹3.29 (5%) to the floor price of ₹65.84 per share, in compliance with SEBI ICDR Regulations. The committee also approved and adopted the placement document dated December 24, 2025, and finalized the confirmation of allocation notes to be sent to eligible qualified institutional buyers. The placement document is available on the company's website. The QIP issue opened on December 22, 2025, and concluded on December 24, 2025. The meeting of the Committee commenced at 09:00 a.m. and concluded at 9:25 a.m. on December 24, 2025.