In a significant development related to HCL Corp, billionaire industrialist Shiv Nadar has transferred 47% of his shareholding in both HCL Corp and Vama Delhi to his daughter, Roshni Nadar Malhotra, via a gift deed executed on March 6, 2025. This move is part of a private family arrangement aimed at streamlining succession and ensuring continuity of ownership and control within the Nadar family.
Key Highlights of the Transfer:
- Shiv Nadar’s 47% stake in HCL Corp and Vama Delhi has been transferred to Roshni Nadar Malhotra.
- Ms. Malhotra will now control a majority stake in both entities, which are key promoter groups of HCL Infosystems Limited.
- Vama Delhi holds a 12.94% stake in HCL Infosystems, while HCL Corp holds 49.94%.
- The transfer ensures stability within the company and aligns with the Nadar family’s long-term succession planning strategy.
Impact on HCL Infosystems Management & Shareholding
With this transaction, Roshni Nadar Malhotra gains control over both Vama Delhi and HCL Corp, indirectly enhancing her influence over HCL Infosystems Limited, in which both entities hold substantial voting rights.
However, HCL Infosystems has clarified that it is not a direct party to this agreement and that the transaction falls outside the scope of related party transactions.
Purpose of the Transfer
The move is aimed at ensuring smooth leadership transition within the Nadar family’s business empire. The official disclosure highlights that this step will provide long-term stability to the promoter group and reinforce the family’s continued commitment to HCL Infosystems’ growth and governance.
Regulatory Compliance
The company has disclosed the transaction under Regulations 30 and 30A of the SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.
This strategic shift in shareholding marks a significant milestone in the corporate governance of HCL Corp. With Roshni Nadar Malhotra now in the driver’s seat, the focus remains on business continuity and long-term value creation for stakeholders.
