NSEUpdates25 Jun 2026 · 25 Jun 2026, 09:03 pm

Updates

HCL Technologies Limited · HCLTECH

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HCL Technologies Limited has completed its investment in Axonwise Private Limited (Sarvam AI) by subscribing to 41,421 Series B2 Compulsory Convertible Preference Shares, acquiring a 10.46% stake in the company.

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Earnings Impact2/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10

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Full Announcement

HCL Technologies Limited has informed the Exchange regarding 'Updates- HCLTech completes investment in Axonwise Private Limited (Sarvam AI) for acquisition of 10.46% stake'.

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HCLTECH_25062026210255_SEIntimation25June2026Sarvam_AI.pdf

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June 25, 2026 The General Manager The Manager BSE Limited National Stock Exchange of India Limited Listing Department Listing Department Phiroze Jeejeebhoy Towers Exchange Plaza Dalal Street 5th Floor, Plot No. C-1, Block-G Mumbai- 400 001 Bandra-Kurla Complex, Bandra(E) Mumbai-400 051 BSE Scrip Code: 532281 NSE Scrip Code: HCLTECH Subject: Updates- HCLTech completes investment in Axonwise Private Limited (Sarvam AI) for acquisition of 10.46% stake Dear Sir/Madam, This is further to our letter dated June 15, 2026, wherein the Company had intimated for making investment of Rs.1,427.25 crores in Axonwise Private Limited (“Sarvam AI”), a company incorporated in India for acquisition of 10.46% stake in Sarvam AI. We would like to inform you that the Company has on June 25, 2026 invested the aforesaid amount in Sarvam AI by subscribing to 41,421 Series B2 Compulsory Convertible Preference Shares (“Series B2 CCPS”) of Sarvam AI, and these Series B2 CCPS have been allotted to the Company on June 25, 2026. Accordingly, the aforesaid acquisition has been completed. These Series B2 CCPS will be converted into equity shares at a later date. Date & time of event: June 25, 2026, at 6 p.m. (IST). This is for your information and records. Yours faithfully, For HCL Technologies Limited Manish Anand Company Secretary HCL Technologies Ltd. Technology Hub, Special Economic Zone Corporate Identity Number: L74140DL1991PLC046369 Plot No. 3A, Sector 126, NOIDA– 201304, UP, India Registered Office: t: +91 120 4306000 806 Siddharth, 96, Nehru Place, New Delhi -110009, India