Hindustan Construction Company Transfers Economic Interest in Arbitral Awards to Subsidiary for ~1,979.09 Crore

Hindustan Construction Company Ltd. has transferred the economic and beneficial interest in existing arbitration awards to HCC Contract Solutions Limited, a wholly owned subsidiary, for an aggregate value of approximately 1,979.09 Crore. This decision was made pursuant to resolutions passed at the Board of Directors meeting on December 4, 2024 and the Extra-Ordinary General Meeting on March 13, 2025. The Authorisation Committee approved the sale, transfer, hiving off, assignment, disposal, or otherwise transfer of the economic and beneficial interest in the arbitration awards on February 12, 2026. The transaction was formalized through a Deed of Assignment on March 31, 2026, resulting in a net value of assets being transferred as ~ Nil.