HCL Technologies Limited — Important, 07-03-2025: Agreements

HCL Technologies has disclosed the execution of Gift Deeds by Mr. Shiv Nadar, transferring 47% of his shareholding in both Vama Sundari Investments and HCL Corporation to his daughter, Ms. Roshni Nadar Malhotra. This private arrangement aims to streamline succession within the promoter family, providing stability and continuity of ownership and control. Following this transfer, Ms. Nadar will become the majority shareholder of both entities, gaining control over the voting rights associated with approximately 44.17% and 0.17% stakes in HCL Technologies, respectively. This strategic move could positively impact company governance and consolidation of management, fostering future growth and stability within the organization.