Copy of Newspaper Publication

August 22,2026 The General Manager The Vice President Department of Corporate Relations Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Dalal Exchange Plaza, Bandra Kurla Complex Street Fort, Mumbai 400001 Bandra (East), Mumbai 400051 Scrip Code:500179 Symbol: HCL-INSYS Subject: Submission of Newspaper Advertisement regarding 40th Annual General Meeting (“AGM”) of the Company to be held through Video Conferencing (“VC”)/ Other Audio Visual Means (“OAVM”) before dispatch of Notice of the AGM Dear Sir/Ma’am, Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in compliance with the General Circular No. 20/2020 dated May 05, 2020 and subsequent circulars issued by the Ministry of Corporate Affairs, the latest being General Circular No. 03/2025 dated September 22, 2025, please find enclosed herewith the copies of the newspaper advertisements published in the “Business Standard” in English and Hindi Edition, prior to the dispatch of the Notice of 40th AGM of the Company. The 40th AGM of the Company is scheduled to be held on Wednesday, September 16,2026, at 10:30 A.M. (IST) through VC/OAVM. The copy of the same will also be hosted on the website of the Company at www.hclinfosystems.in. Kindly take the same on record. For & on behalf of, HCL Infosystems Limited Twinkle Monga Company Secretary & Compliance Officer Membership No.: A-54882 Senior-level churn Govt notifies ~62,500 crore mobile production scheme at Flipkart amid IPO uncertainty aashish aryan & shivani shinde New Delhi/Mumbai, 21 August udisha srivastav Sonika Pranay, a former Flip- New Delhi, 21 August kart Group HR leader with over The Centre on Friday 15 years of experience, as its announced the launch of the Walmart-owned ecommerce Head of People & Culture. ~62,500 crore Mobile Phone major Flipkart is witnessing a In March this year, Flipkart Manufacturing Scheme churn in senior executives completed the reverse flipping (MPMS), with incentives for across the group. Uncertainty process of shifting its corporate manufacturers ranging from surrounding the timeline of headquarters back to India 2.5 per cent to 5 per cent. the company’s initial public from Singapore, paving the The MPMS would also exports 11 times since FY15. Eligible sales will be calculated offering (IPO) has emerged as a way for a domestic stock come with additional benefits Smartphones emerged the by subtracting this baseline concern among some emp - market listing. However, the for domestic sourcing of key country’s single-largest expo - from the brand’s total target- loyees, people familiar with the company’s IPO has reportedly components, as it seeks to rted product in 2025, surpassing segment sales during the year. matter told Business Standard. been deferred to 2028, with no deepen domestic value addi- diesel fuel and cut diamonds. “We are very closely coordi- Among those who have tentative timeline in sight. tion and strengthen Indian Under the first segment, nating with the industry and we stepped down from the com- “The decision on something mobile phone brands. mob ile phone manufacturers, hope that during the tenure of pany are Gunjan Bhartia, who like an IPO is not my decision. The five-year scheme, pro- incl u ding electronics ma - this mobile phone manufactur- had joined Flipkart as senior It’s a decision which will be led posed to run from FY27 to FY31, nufacturing services com- ing scheme, we have good suc- vice-president in January 2026 by the majority of investors and will provide production-linked panies registered in India, will cess on having an Indian brand to lead business finance for obviously will get discussed at incentives (PLIs) for mobile need to have a minimum turn- as well,” Union Electronics and eKart, and Sunder Balasubra- the board. Right now, we’re not phones manufactured in India. over of ~10,000 crore in FY26 to Information Technology Min- manian, who had been serving there. So we’ve not had these It has two target segments — become eligible. For existing ister Ashwini Vaishnaw said. as chief marketing oicer at kinds of discussions right now,” incentivising mobile phone brands, the scheme sets incre- The government is already Myn tra since 2022. Flipkart group CEO Kalyan manufacturing and supporting mental sales thresholds over in talks with three Indian Amer Hussain, who was Krishnamurthy had told Busi- Indian mobile phone brands. FY26 sales. Companies will players to set up an Indian appointed vice-president of ness Standard last month. To become eligible for incen- have to achieve additional sales mobile phone brand and is supply chain for Flipkart’s Gro- In July this year, according tives under the mobile phone of ~5,000 crore in FY27, rising by hopeful that a final product will cery and Minutes businesses in to an internal memo from manufacturing scheme, appli- ~5,000 crore every year up to be out in the market within the January, is also serving his no - Krishnamurthy, Flipkart had cant companies, including elec- ~25,000 crore in FY31. next 18 months, Vaishnaw said. tice period, according to people said it will allow eligible tronics manufacturing services A new brand will become “We have asked these three familiar with the matter. His employees to cash out a por- firms must be registered in India eligible only after achieving players to come up with design appointment had been part of a tion of their Esops for the and have a turnover of ~10,000 annual sales of ~10,000 crore in options. The challenge we have senior leadership stren - second time under a pre- crore in financial year 2025-26. India and will subsequently given them is that their design gthening exercise at Flipkart and was succeeded by Sharon viously announced liquidity The scheme comes as the have to meet the ~5,000 crore has to match the best in the ahead of its anticipated IPO. Pais. Sinha subsequently programme. government looks to sustain year-on-year (Y-o-Y) threshold. sector. There are economy, pre- People aware of the develop- joined Swiggy as CEO of Insta- Under the Flipkart Stock the growth in electronics and The scheme introduces a mium and super-premium, and ments said the uncertainty was mart, effective August 3. Option Plan 2026, all active mobile phone manufacturing moving baseline for calculating very high-value mobile phone particularly impacting senior Swiggy’s quick commerce employees as of July 15, 2026, following its earlier policy eligible sales. Baseline sales for a segments. These players have employees holding employee (qcom) vertical, Instamart, is could liquidate up to 5 per cent interventions. The document financial year will be the brand’s suggested that they would like to stock options (Esops). These among businesses being eyed of their outstanding stock said electronics manufactur- domestic sales in the preceding opt for the segment that has employees had expected a for opportunities by talent options vested between July ing has grown seven times and financial year plus 15 per cent. high volume,” Vaishnaw said. public listing to provide signifi- from the broader Flipkart 16, 2023 and July 15, 2026. The cant liquidity and potentially re- group, sources said. liquidity price was set at ~713.4 rate the value of their holdings. Another company emerg- per option, with payouts A detailed email query sent ing as a destination for Flipkart scheduled for August 2026, to Flipkart didn’t elicit a employees is FirstClub, which according to the memo. response until press time. has raised significant funding. Flipkart Internet, the mar- According to sources, the In June this year, the qcom ketplace arm of Flipkart, exits are not limited to CXO- startup raised $55 million in a reported revenue of ~20,493 level positions as several direc- Series B round led by Peak XV crore in FY25, a 14 per cent tors and senior directors are Partners and Sofina, with par- increase over the previ [Showing first 8,000 characters — download PDF for full document]