Board Meeting14 May 2026, 06:12 pm
HCC to Raise ₹800 Crore via Equity, Increases Share Capital
AI Summary
Hindustan Construction Company (HCC) announced plans to raise up to ₹800 crore through equity shares or other equity-linked securities via qualified institutions placement, preferential allotment, rights issue, or a combination thereof, subject to regulatory and shareholder approvals. The company will also increase its Authorized Share Capital from ₹300 crore to ₹400 crore, altering Clause V of its Memorandum of Association. The board meeting was held on May 14, 2026, commencing at 1:30 p.m. and concluding at 4:45 p.m.
Key Highlights
- HCC to raise up to ₹800 crore through equity or equity-linked securities.
- Fundraising will be executed via QIP, preferential allotment, or rights issue.
- Authorized Share Capital increased from ₹300 crore to ₹400 crore.
- Clause V of the Memorandum of Association will be altered accordingly.
- Annual General Meeting date for FY26 will be announced in due course.