Hindustan Construction Company Limited has informed the Exchange about change in Management
HCC · price
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At the 99th Annual General Meeting on August 12, 2025, shareholders approved the appointment of Mr. Arjun Dhawan as Vice Chairman & Managing Director of HCC for 5 years, effective June 26, 2025. Mr. Dhawan has been associated with the HCC Group for 16 years and previously served as Group CEO from 2017 to 2025 and as Executive Vice Chairman. Under his leadership, HCC executed debt restructuring and equity raises (QIP and two Rights Issues) totaling over ₹6,000 crore, secured nearly ₹10,000 crore in new orders in the past year, and achieved its highest-ever turnover and profitability. He is the son-in-law of HCC's Chairman, Mr. Ajit Gulabchand, and holds an MBA from Harvard Business School.
This formalizes Mr. Dhawan's elevation to the top executive role, providing leadership continuity after 8 years as Group CEO. For shareholders, it signals stability in the company's strategy of focusing on core EPC operations, deleveraging, and profitable growth. The promoter-family relationship has been disclosed as required by regulations.