Hindustan Construction Company Ltd Share Price – NSE  / BSE

Infrastructure Developers & Operators, Small Cap

Hindustan Construction Company announced that ICRA has reaffirmed the long-term rating to ICRA BB ; Stable for Non-Convertible Debentures amounting to Rs. 823.90 crore.

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 Hindustan Construction Company (HCC) announced a significant reduction in its exposure to debt (arising from Corporate Guarantee) issued in connection with loan facilities of Prolific Resolution (PRPL), an associate company.

As part of its plan with lenders, HCC had transferred an aggregate debt of ~2.854 crore to PRPL along with ~6.508 crore of Awards & Claims, while retaining a 49% equity stake in the entity. The Company had also provided a corporate guarantee for 100% of the debt owed by PRPL to its lenders. With accrued interest, the total amount of PRPL debt along with Awards & Claims is currently ~3.935 crore and ~6.325 crore, respectively.

Following formal approvals from PRPL Lenders, its Board and relevant stakeholders, HCC's guarantee obligation has been reduced from 100% of the outstanding amount to ~571 crore, representing 20% of the principal amount transferred. The reduction is part of the Company's ongoing commitment to de-leverage its balance sheet, strengthen its investment grade rating and access capital markets for stronger future growth as it scales its operations.

This material event has paved the way for HCC to access larger credit facilities and raise equity capital, including the recently announced Rights Issue which is supported by HCC's Promoter Group. The revised guarantee framework has been executed today in coordination with lending institutions and is in compliance with applicable regulatory, legal, and governance requirements.

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Hindustan Construction Company has fixed 05 December 2025 as record date for determining the shareholders eligible to apply for the equity shares in the Rights Issue.

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Hindustan Construction Company announced the terms of rights issue as under:

• Total number of Rights Equity Shares and Rights Issue size: 79,99,91 ,900 Rights Equity Shares each for an amount aggregating to Rs. 999.99 Crore (assuming full subscription).
• Rights Issue Price: Rs.12.50 per Rights Equity Share (including a premium of Rs. 11.50 per Rights Equity Share) payable on application
• Rights entitlement ratio: The Rights Equity Shares are being offered on a Rights basis to Eligible Equity Shareholders in the ratio of 277 Rights Equity Shares for every 630 fully paid-up Equity Shares held on the record date.
• Record date: Friday December 5, 2025 for determining the shareholders eligible to apply for the equity shares in the Rights Issue.

Rights Issue period:

• Rights Issue Opening Date: Friday, December 12, 2025
• Last Date for On Market Renunciation of Rights Entitlements: Wednesday, December 17, 2025
• Last Date for Off Market Renunciation: Friday, December 19, 2025
• Rights Issue Closing Date: Monday, December 22, 2025

Outstanding Equity Shares:

• Prior to the Rights Issue: 1,81 ,94,76,162 Equity Shares of the Company;
• Post Rights Issue: 2,61 ,94,68,062 Equity Shares of the Company

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