HCL Infosystems Limited — Board Meeting, 06-08-2025: Outcome of Board Meeting
06-08-2025 | 05:21 pm
06-08-2025 | 05:21 pm
HCL Infosystems' board has approved the consolidated financial results for the quarter ended June 30, 2025. The company reported a net loss of Rs 4.50 Cr on revenue from operations of Rs 7.03 Cr.
Despite its net worth being eroded and current liabilities exceeding assets by Rs 480.81 Cr, the Board confirmed a 'going concern' status. This is supported by significant promoter backing, including Rs 396 Cr in corporate guarantees and Rs 355 Cr in unsecured loans, from a total authorized limit of Rs 1500 Cr.
The 39th Annual General Meeting will be held virtually on September 17, 2025. The company is actively pursuing arbitration for long-pending dues and continuing its property monetization efforts to manage debt.
No comments yet. Be the first to comment!
