HCL Technologies Holds 34th AGM, Discusses FY26 Performance and AI Strategy
HCL Technologies held its 34th AGM on August 12, 2026. The company reported FY26 consolidated revenue of ₹1,30,144 crore and net profit of ₹16,642 crore. Advanced AI revenue reached an annualized run rate of US$620 million. A dividend of ₹60 per share was declared for FY26. Key appointments and strategic initiatives were discussed.
The AGM outcome provides a summary of the company's financial performance and strategic direction, which is important for investors and stakeholders. The discussion on AI and strategic acquisitions may have medium-term implications for the company's growth trajectory.
The announcement is a routine update about the Annual General Meeting proceedings and outcomes, including a review of past performance and strategic discussions. While the performance figures are positive, the event itself is a standard corporate procedure.
HCL Technologies Limited announced the outcome of its 34th Annual General Meeting (AGM), which was held on August 12, 2026, through Video Conferencing / Other Audio Visual Means.
The meeting commenced at 11:00 AM IST, with Chairperson Ms. Roshni Nadar Malhotra presiding. The AGM proceedings included the adoption of audited financial statements for the financial year ended March 31, 2026, the re-appointment of Mr. Shikhar Malhotra as a Director liable to retire by rotation, and the appointment of Mr. Jacob Christian Dahl as an Independent Director.
During the meeting, Ms. Roshni Nadar Malhotra highlighted significant achievements and strategic directions. She noted that HCL Group marked its 50th anniversary on August 11, 2026. For FY26, HCLTech reported a 3.9% year-on-year constant currency revenue growth, secured US$9.3 billion in new deal wins, achieved consolidated revenue of ₹1,30,144 crore, and a Net Profit of ₹16,642 crore, with free cash flow of ₹18,553 crore. A total dividend of ₹60 per share was declared for FY26.
The company's progress in Artificial Intelligence was a key focus, with Advanced AI revenue reaching an annualized run rate of US$620 million in FY26. Strategic acquisitions, including HPE’s Telco Solutions Business, Jaspersoft, Wobby, and Finergic, were mentioned for enhancing capabilities. Sustainability initiatives were also detailed, with the company achieving its 2030 Scope 1 and Scope 2 emissions reduction targets ahead of schedule and significant social investments through HCLFoundation.
Global recognitions received by HCLTech during the year were also shared, including mentions in TIME's World's Best Companies, Fortune's World's Most Admired Companies, and Forbes World's Best Employers.
The meeting concluded at 12:22 PM IST after voting on the proposed resolutions.
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