Hindustan Construction Company Ltd

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.

Financial Performance

• Standalone turnover ₹982 Cr; standalone net profit ₹37 Cr in Q1 FY27.
• Consolidated revenue ₹993 Cr; consolidated PAT ₹51 Cr in Q1 FY27.
• EBITDA margin: standalone 10.7%; consolidated 10.6%.
• Total income: standalone ₹1,012.7 Cr; consolidated ₹1,055.5 Cr.
• Finance cost: standalone ₹79.8 Cr; consolidated ₹86.8 Cr.
• Debt prepayment of ₹100 Cr planned in August 2026.
• New order ₹127 Cr; L1 bids ₹2,124 Cr (HCC share ₹1,671 Cr).
• 4 bids worth ₹9,997 Cr under evaluation (HCC share ₹7,747 Cr).
• Pipeline under pursuit ₹85,907 Cr.

Order Backlog & Opportunities

• Order backlog stood at ₹12,976 Cr.
• Diversified and robust orderbook supporting infra, metro, and hydro segments.
• 4 bids under evaluation; HCC share ₹7,747 Cr.
• Pipeline under pursuit ₹85,907 Cr.

Operations Update

• Indore Metro: TBM deployment advancing; piling and station excavation progressing.
• Patna Metro PC05/PC06: casting yard development; TBMs due Sep–Dec 2026.
• Agardanda Creek Bridge: land handover and clearances expected by Nov 2026.
• Bhivpuri PSP: powerhouse excavation and upper intake excavation progressing.
• Vishnugad Pipalkoti HEP: machine hall units 2–3; HRT excavation at 85%.
• Tapovan Vishnugad HEP: HRT breakthrough achieved; remaining faces progressed.
• Hindalco PS & PSS: pot shell prototype approved; bulk fabrication started.

Liquidity & Capital Structure

• ₹100 Cr debt prepayment planned in August 2026.

Issue overview

• Rights issue of Equity Shares; no undersubscription or revision observed.
• Objectives: debt repayment, JV repayment, working capital, GCP, and general corporate purposes.
• Total issue size and net proceeds: no revision or undersubscription.
• Deviation from objects: not applicable.

Utilisation of proceeds

• Utilisation is as per offer document; no material deviations.
• Repayment of borrowings: fully utilised.
• Investment in Prolific Resolution Private Limited: fully utilised.
• Augmenting working capital: fully utilised; delay of 72 days.
• General Corporate Purpose: fully utilised; delay of 76 days.
• 02 crore reallocated from unutilised funds to GCP.
• Issue expenses: fully utilised; some funds redirected to GCP.
• Total unutilised funds: nil.

Governance and compliance

• Government/statutory approvals not required.
• Delays in deployment noted; no other material events.
• Means of finance unchanged; no changes.

GCP

• GCP allocation: 3.21 crore; 1.02 crore reallocated from unutilised funds.
• Board approval for GCP allocation: not explicitly stated.
• All GCP funds utilised.