Hindustan Construction Company Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
HCC · price
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Hindustan Construction Company (HCC) shareholders, at the 99th Annual General Meeting held on August 12, 2025, approved an increase in the company's authorized share capital from Rs. 210 crore to Rs. 300 crore. The authorized equity share count has been raised from 200 crore shares to 290 crore shares of Rs. 1 each, while the authorized redeemable preference shares remain unchanged at 1 crore shares of Rs. 10 each. This necessitated a consequential amendment to Clause V of the Memorandum of Association. No amendments were made to the Articles of Association. The AGM concluded at 12:28 p.m.
The move gives HCC additional headroom to potentially issue new equity shares in the future for fundraising or other corporate purposes, but no immediate issuance has been announced. Existing shareholders may see potential dilution if the company subsequently chooses to issue shares from this expanded authorization.