Net profit of Hindustan Construction Company declined 68.35% to Rs 9.91 crore in the quarter ended December 2018 as against Rs 31.31 crore during the previous quarter ended December 2017. Sales declined 10.49% to Rs 1101.81 crore in the quarter ended December 2018 as against Rs 1230.93 crore during the previous quarter ended December 2017.

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Hindustan Construction Company will hold a meeting of the Board of Directors of the Company on 7 February 2019.

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Hindustan Construction Company announced that it received applications worth Rs. 551.38 crore pursuant to its Rights lssue of equity shares. Validapplications were received for 110.74% of the aggregate issue of up to 49,75,76,833 equity shares of face value of Re.1 each (Equity Shares) at an lssue Price of Rs.10 per Equity Share.

The Company will retain an amount of Rs.497.58 crore, with the balance being refunded to investors. The allotment of Equity Shares was approved by the Company's Rights lssue Board Committee at a meeting held on 27 December 2018, as per the basis of allotment finalized with the designated stock exchange, BSE.

Upon completion of the Rights Issue, the paid-up share capital of the Company stands enhanced to Rs.151.30 crore from Rs.101.55 crore and the promoter 1 promoter group shareholding in the Company has increased to 33.12% from 27.80%.

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The Rights Issue Committee of Hindustan Construction Company at its meeting held on 27 December 2018 has approved the allotment of 49,75,65,318 Equity Shares, at an issue price of Rs 10 per Equity Share, including a premium of Rs 9 per Equity Share.

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