Hindustan Construction Company Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 12, 2025
HCC · price
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HCC has notified the 99th AGM to be held on August 12, 2025 at 11:00 a.m. via video conferencing. Routine items include adoption of FY25 audited financial statements and re-appointment of director Aditya Pratap Jain. Key special business resolutions seek shareholder approval to (1) raise the borrowing limit to ₹12,500 crore (mainly for non-fund based facilities like bank guarantees), (2) increase authorised share capital from ₹210 crore to ₹300 crore, and (3) issue securities worth up to ₹1,500 crore through equity shares, ADRs, GDRs, FCCBs, QIPs or other instruments. The notice also seeks approval to appoint Arjun Dhawan as Vice Chairman & Managing Director for 5 years with a total remuneration rising from ₹9 crore in FY26 to ₹11 crore in FY28, and revised pay of ₹1.5 crore for Non-Executive Chairman Ajit Gulabchand. M/s. BNP & Associates is proposed as the new Secretarial Auditor for a 5-year term.
Shareholders will vote on a potentially dilutive ₹1,500 crore security issuance and a sharp rise in authorised capital, alongside higher executive pay packages. The borrowing limit hike is largely for non-fund based facilities rather than new term debt, which is somewhat reassuring for existing lenders.