HCL Infosystems Unit Cleared To Withdraw Rs 269.3 Million Plus Interest

HCL Infosystems Limited, a leading IT system integration and solutions provider, announced that one of its units has been permitted to withdraw Rs 269.3 million along with interest submitted earlier to authorities. The development provides a boost to the company’s liquidity position as it continues to streamline operations and recover outstanding dues.

Key Highlights

• Approval granted for withdrawal of Rs 269.3 million plus accrued interest.
• Funds were earlier deposited with authorities as part of regulatory and legal proceedings.
• The release strengthens HCL Infosystems’ balance sheet and supports ongoing operational needs.
• The company has been actively working to realize long-standing receivables and minimize losses.
• In Q3 FY25, HCL Infosystems reported narrowed losses of Rs 5.25 crore compared to Rs 9.30 crore a year earlier.
• Revenue for the quarter stood at Rs 5.70 crore, reflecting a 30% decline year-on-year.
• Management emphasized that the withdrawal approval aligns with efforts to stabilize finances and sustain business continuity.

Conclusion
The clearance to withdraw funds marks a positive step for HCL Infosystems, reinforcing its financial resilience. With improved liquidity and narrowed losses, the company is better positioned to pursue recovery strategies and strengthen its operational framework.

Sources: Livemint, HCL Infosystems Investor Relations, OpenTools News