Hindustan Construction Company Limited has informed the Exchange regarding Resignation of Mr. Jaspreet Bhullar as Managing Director & CEO of the company w.e.f. Jun 23, 2025.

CEO resignedKey managerial personnel resignedManagement Changes View source PDF Explain this filing

HCC · price

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Price reactionminutes from the announcement price · days from the prior close

+2.1%Reaction day

₹30.02

prior close

₹30.63

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+0.5%+1.6% vs market

Civil Construction peers, median of 85sector+1.1%+1.0% vs sector

On the reaction day the stock moved 1.6 pts more than Nifty Microcap 250 and 1.0 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.2

10m

+0.2

15m

+0.1

30m

-0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.1+0.5+1.6+1.1+1.0

Next day

+4.6+2.4+2.2+2.5+2.1

+2.9+2.4+0.5+2.6+0.4

+2.1+3.0-0.9+2.8-0.7

+1.9+3.9-1.9+3.3-1.3

+1.5+3.9-2.4+3.3-1.8

-0.4+3.8-4.2+2.1-2.5

15d

-3.3+5.4-8.7+3.0-6.3

-7.4+4.9-12.2+1.5-8.9

-10.6+1.3-11.8-3.3-7.3

-4.1+2.7-6.7-1.7-2.4

UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 85Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Mr. Jaspreet Bhullar has resigned from his role as Managing Director & CEO of Hindustan Construction Company Limited, effective June 23, 2025. The Board accepted his resignation via a circular resolution on the same day. Bhullar, who held the position under an agreement dated February 27, 2023, cited no material reasons beyond those in his resignation letter. The company has filed the required disclosures with the stock exchanges under SEBI Listing Regulations. As of now, no replacement for the MD & CEO position has been announced.

Likely market impact

Sudden exit of the top leadership without a stated material reason can create uncertainty among investors and may put short-term pressure on the stock until a successor is announced. Shareholders should watch for further updates on the appointment of a new MD & CEO.