HCC Announces Major Capital Increase and Fund Raising Authority at 100th Annual General Meeting

HCC Announces Major Capital Increase and Fund Raising Authority at 100th Annual General Meeting​

Hindustan Construction Company Ltd (HCC) is preparing for its 100th Annual General Meeting (AGM), scheduled for Tuesday, August 18, 2026. The AGM will address several significant corporate matters, including the substantial increase of Authorized Share Capital and granting authority to the Board to raise up to ₹800 Crore through various capital raising mechanisms.

The company's agenda includes the adoption of its Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026. The meeting will also feature the re-appointment of Mr. Aditya Pratap Jain (DIN: 08115375), who retires by rotation.

Operational and Corporate Appointments​

The AGM is slated to ratify several key personnel appointments and remuneration packages across various committees.

Mr. Nakul Pasricha (DIN: 03176843) has been appointed as an Additional Independent Director of the Company, effective from July 10, 2026, for a term of five consecutive years. The Board views Mr. Pasricha's expertise in technology-enabled anti-counterfeiting and supply chain traceability solutions as valuable to the company.

In terms of executive remuneration, members will consider granting approval for the payment of ₹1,50,00,000/- (Rupees One Crore Fifty Lakhs Only) to Mr. Ajit Gulabchand, Non-Executive Chairman of the Company, for the financial year 2026-27. This remuneration, which is one of the total annual compensation payable to all Non-Executive Directors, comes along with entitlement to a Chairman's Office and reimbursement of related expenses.

Furthermore, the AGM seeks ratification for the Cost Auditors of the company for the financial year ended March 31, 2026. M/s. Joshi Apte & Associates have been recommended for this role, with remuneration set at ₹2,85,000/- (Rupees Two Lakhs Eighty-Five Thousand Only), plus applicable taxes and expense reimbursement.

Capital Structure Expansion and Fundraising Authorization​

A primary business item at the AGM is the proposed increase in the Authorized Share Capital of HCC to support future corporate requirements and funding initiatives.

The company’s authorized share capital is proposed to be increased from ₹300,00,00,000 (Rupees Three Hundred Crore Only) to ₹400,00,00,000 (Rupees Four Hundred Crore Only). This expansion involves changes to the mix of equity and preference shares:


In addition to the capital increase, members are sought to approve a Special Resolution that grants authority to the Board of Directors. This resolution enables the company to raise funds by issuing Equity Shares or other equity linked Securities through methods such as Qualified Institutional Placement (QIP), preferential allotment, and rights issue. The maximum aggregate amount authorized for this fund raising is ₹800 Crore (Rupees Eight Hundred Crore Only).

The 100th AGM will serve as a pivotal moment for HCC to reinforce its operational capabilities while expanding its financial headroom in the market.

HCC Stock Price Movement​

Today, shares of Hindustan Construction Company Limited edged higher in the closed market, settling at ₹21.43 after a 0.51% gain. The stock saw robust trading activity during the day, with approximately 27.6 million shares changing hands.