HFCL Limited announced a series of strategic corporate actions following its Board of Directors meeting held on June 03, 2026. The company will invest ₹89.25 Crore in its wholly-owned subsidiary, HFCL Advance Systems Private Limited (HASPL), in two tranches. This investment is part of a broader plan to strengthen HFCL's defence business. Additionally, HFCL will divest up to 80% of its stake in Raddef Private Limited, another subsidiary, to HASPL for ₹75 Crore. Concurrently, HFCL will transfer its thermal weapon sight (TWS) business to HASPL on a slump sale basis for ₹50 Crore. These transactions are subject to the completion of conditions precedent and are expected to be finalized within the calendar year 2026. Further enhancing its defence capabilities, HASPL will acquire 100% of HFCL Defence Systems Private Limited (HDSPL) from Defsys Solutions Private Limited for ₹25 Crore in cash. Following this acquisition, HASPL will invest ₹25 Crore in HDSPL to facilitate HDSPL's acquisition of the aerostructure business of Defsys for ₹25 Crore. The overall strategy aims to establish a focused and scalable platform for HFCL's defence business, consolidating capabilities in aerospace, aerostructures, radar, surveillance systems, and thermal weapon sights. This move is expected to provide access to an export order book of approximately ₹1,890 Crore and enhance HFCL's positioning in defence procurement programs, aligning with the 'Make in India' initiative.
