HCL Infosystems Limited — Updates, 07-02-2025: Press Release

HCL Infosystems reported Q3 FY25 revenue of ₹5.70 crore with a loss before tax of ₹5.25 crore. The company continues to face challenges in obtaining timely customer acceptance and payments, which has led to delays in recognizing revenue from completed projects. To mitigate this, HCL has initiated arbitration proceedings against several clients to recover outstanding dues. A favorable arbitration award of ₹4.18 crore has been granted, with partial payment received; the remaining amount is expected by March 2025. The company is incurring significant costs related to legal matters and legacy issues, anticipating limited near-term business opportunities.

In corporate governance, HCL appointed Ms. Rita Gupta as an Additional Non-Executive Director. She brings over 30 years of finance experience and has been instrumental in various strategic roles within HCL. Ms. Ritu Arora will retire upon completing her second term in April 2025, prompting the need for a new director to maintain board composition.