The Board of Directors of HCL Infosystems in its meeting held on 14 September, 2017 has accepted the resignation of S G Murali from the position of Group CFO and has appointed Kapil Kapur as the Deputy CFO of the Company.

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HCL Infosystems announced the resignation of S G Murali, Group Chief Financial Officer with effect from 15 September 2017. The Company has identified Kapil Kapur, Dy CFO to lead the function.

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The announcement was made during market hours today, 29 August 2017.

Meanwhile, the BSE Sensex was down 338.10 points, or 1.06%, to 31,412.72. The BSE Small-Cap index was down 127.55 points, or 0.81%, to 15,690.

On the BSE, 13.45 lakh shares were traded in the counter so far, compared with an average volume of 5.41 lakh shares in the past one quarter. The stock had hit a high of Rs 50.15 and a low of Rs 47.45 so far during the day. The stock had hit a 52-week high of Rs 64.85 on 25 January 2017. The stock had hit a 52-week low of Rs 39.20 on 21 November 2016.

The small-cap company has an equity capital of Rs 44.60 crore. Face value per share is Rs 2.

HCL Infosystems' board of directors in its meeting held today, 29 August 2017 has considered and approved the recommendations of its Capital Raising Committee to go for a rights issue of shares to existing shareholders of the company as a mode of raising equity capital aggregating up to Rs 500 crore.

HCL Infosystems reported consolidated net loss of Rs 55.12 crore in Q1 June 2017, higher than net loss of Rs 35.70 crore in Q1 June 2016. Net sales fell 40.35% to Rs 684.23 crore in Q1 June 2017 over Q1 June 2016.

HCL Infosystems is India's premier IT services, solutions & distribution company.

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HCL Infosystems will hold a meeting of the Board of Directors of the Company on 29 August 2017.

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