With reference to the SOP Guidelines issued by SEBI vide circular dated May 3, 2018 (ref no. SEBI/HO/CFD/CMD/CIR/P/2018/77), HCL Infosystems has informed that as per Regulation 32(1) of SEBI (LODR) Regulations, 2015, the Company had fully utilized the proceeds of the Rights Issue made in December, 2017 and there was no deviation in the use of the proceeds from the objects stated in the letter of offer dated October 31, 2017. The same had been confirmed by Axis Bank, the monitoring agent vide its monitoring agency report dated January 30, 2018.
The above information is a part of company’s filings submitted to BSE.
