HFCL has informed that an aggregate of 6,03,87,187 equity shares, being 100% of the total pledged shares out of the Promoters' shareholding in the paid up equity shares capital of HFCL, have been released, which were pledged in favour of various lenders, as a collateral security for the credit facilities availed by HFCL. No equity share held by any of the Promoters in HFCL is pledged as on date of this announcement. In this context, relevant disclosures in the prescribed formats have already been made to the Stock Exchanges, today itself, by the Promoters, in terms of the provisions of Regulation 29(2) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. A gist of the present shareholding of the Promoters and Pledge thereon, if any, as on the date of reporting, is mentioned in the attached letter for the information of the stakeholders.
The above information is a part of company’s filings submitted to BSE.