Hindustan Construction Company Ltd

Hindustan Construction Company Ltd — Closure of Trading Window

Target overview

• Target: HC Concessions Limited, India-based infrastructure development company.
• Scope includes roads, bridges, airports, power, water, and urban infrastructure.

Deal structure

• HICL will subscribe 5,100 equity shares, Rs 10 each, totaling Rs 51,000.
• HICL to hold 51%, Ceigall India Limited 49%.

Ownership & related party

• Not a related party transaction; JV with Ceigall India Limited.

Regulatory & timeline

• Regulatory approvals: Not Applicable.
• Timeline for completion: not disclosed.

Background & context

• Background: infrastructure development company for transport and utilities in India.

Meeting Details

• Event type: Analyst / Investor Meet.

Fundraising authorization

• Members authorised the Board to raise funds up to ₹800 crore via equity shares or equity-linked securities.
• Issuances may be via QIP, preferential allotment, rights issue, or combinations.
• Aggregate size up to ₹800 crore.
• Type of securities: Equity shares or other equity-linked securities.
• Board/Committee to decide the specific issuance type.
• Issuances subject to applicable regulatory/statutory approvals.
• No pricing details disclosed.

Appointment of Independent Director

• Appointment of Nakul Pasricha as Additional Non-Executive Independent Director.
• Effective from July 10, 2026; 5-year term; not liable to retire by rotation.
• Approved by AGM on August 18, 2026.
• Not related to any Director.
• Not debarred from holding the office.
• 27-year career; MD & CEO of PharmaSecure, anti-counterfeiting tech leader.

AGM Details

• AGM held Aug 18, 2026 at 11:00 AM IST via VC/OAVM.
• Voting cut-off date for shareholders: Aug 11, 2026.
• Remote E-Voting period: Aug 14-17, 2026.

Resolutions & Voting

• Item 1 (Ord): Adopt standalone and consolidated financial statements; 75.45% in favour, 24.55% against.
• Item 2 (Ord): Re-appoint Aditya Pratap Jain as Director; 79.65% in favour, 20.35% against.
• Item 3 (Special): Appoint Nakul Pasricha as Independent Director; 99.808% in favour, 0.192% against.
• Item 4 (Special): Remuneration to Ajit Gulabchand as Non-Executive Chairman; 75.802% in favour, 24.198% against.
• Item 5 (Ord): Ratification of remuneration of Cost Auditors for FY 2025-26; 99.818% in favour, 0.182% against.
• Item 6 (Ord): Increase authorised share capital and alteration to MOA; 99.743% in favour, 0.257% against.
• Item 7 (Special): Issue of Securities of the Company; 99.589% in favour, 0.411% against.

Dividend

• No dividend proposed or declared.

Directors & Management Changes

• Nakul Pasricha appointed as Independent Director.
• Aditya Pratap Jain re-appointed as Director; retires by rotation.

Auditors & Capital Approvals

• Cost Auditor remuneration ratified for FY 2025-26.
• Authorised share capital increased; MOA capital clause altered.

AGM proceeding details

• AGM held on August 18, 2026 at 11:00 a.m. via VC/OAVM.
• AGM deemed to be conducted at the registered office as venue.
• 132 Members attended via VC, including corporate representatives.
• No proxy facility was provided due to MCA circulars.
• Quorum was present throughout the meeting.
• Chairman Arjun Dhawan chaired in Ajit Gulabchand's absence.
• Report of Board and financials for year ended March 31, 2026 were taken as read.
• Statutory registers and secretarial certificate were available for electronic inspection.
• Remote e-voting facility provided through NSDL to Members as of cut-off date.

Contract details

• HCC wins a ~₹524.17 crore contract from NHPC Limited at Salal Power Station in Jammu & Kashmir.
• Contract duration is 27 months.
• Scope includes civil, hydro-mechanical and enabling works to rehabilitate undersluices.
• Salal Power Station is NHPC's key hydroelectric asset.
• HCC has delivered major projects in J&K, including 690 MW Salal and Uri-II.

Strategic relevance and impact

• Contract reinforces HCC's role in hydro infrastructure and safety enhancements.

Filing status

• This chunk contains only wrapper metadata; no substantive management remarks or Q&A content.