Hindustan Construction Company Limited (HCC) has announced that its shareholders, during the company’s 99th Annual General Meeting (AGM) held on 12 August 2025, have authorised the Board of Directors to raise funds up to ₹1500 crore through various financial instruments.

The decision was communicated to BSE Limited and National Stock Exchange of India Limited (NSE) in compliance with Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of the Fundraising Proposal

The authorisation allows HCC to issue a wide range of securities including:

• Equity shares

• Fully or partly convertible debentures

• Non-convertible debentures with warrants

• Other equity-based securities

• Global Depository Receipts (GDRs)

• American Depository Receipts (ADRs)

• Any combination of the above

The securities could be rupee-denominated or in foreign currency, providing flexibility in attracting domestic and international investors.

Modes of Fundraising

The Board has the flexibility to decide on the method of issuance, which could include:

• Qualified Institutions Placement (QIP)

• Preferential allotment

• Private placement

• Any other method permitted under applicable laws

Financial Objective and Regulatory Compliance

The total amount to be raised will not exceed ₹1500 crore or its equivalent in foreign currency. The fundraising will be subject to statutory and regulatory approvals, ensuring compliance with SEBI guidelines and other applicable legal frameworks.

The Meeting commenced at 11:00 a.m. and concluded at 12:28 p.m., reflecting a structured and detailed discussion process before the approval.

The company has also provided disclosures as per SEBI Master Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/0155 dated 11 November 2024, detailing the type of securities, issuance method, and aggregate amount. No bonus issue, preferential issue specifics, or debt security issuance details were applicable at this stage.

With this approval, HCC is positioned to strengthen its capital structure, enhance liquidity, and potentially fund ongoing and future infrastructure projects. This move is seen as part of its strategic growth plan to cater to the rising demand in India’s construction and infrastructure sector.

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