Hindustan Construction Company Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 12, 2025. Further, the company has informed the Exchange regarding voting results.
HCC · price
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HCC held its 99th AGM on August 12, 2025 via video conferencing, where all 10 resolutions were passed with the required majority. Adoption of the FY25 audited financial statements was approved with 72.97% votes in favour (42.52 crore shares), though 27% voted against. Re-appointment of Mr. Aditya Pratap Jain as Director passed with 90.24% support. The revised remuneration for Non-Executive Chairman Mr. Ajit Gulabchand received 78.68% approval (21.32% against), while appointment of Mr. Arjun Dhawan as Vice Chairman & Managing Director was cleared with 80.06% votes in favour. Resolutions to enhance borrowing limits (85.4%), create security over company assets (85.4%), increase authorised share capital (99.99%), and issue of securities (90.99%) were also approved.
Shareholders have greenlit key governance changes and given the board wide flexibility to raise funds, borrow more, and alter the capital structure. The notable dissent on financial statements (~27%) and Chairman remuneration (~21%) signals some institutional disagreement, though all resolutions passed. The securities issue approval may pave the way for a future fundraising round.