Hindustan Construction Company approved the formation of a joint venture named HC Concessions Limited with Ceigall India during its board meeting on September 17, 2026.

The move aims to expand the company's footprint in the infrastructure development sector through a dedicated special purpose vehicle. The new entity will be incorporated in India and will operate as a step-down subsidiary of the listed company.

Joint Venture Structure

HCC Infrastructure Company Limited (HICL), a wholly owned subsidiary of Hindustan Construction Company, will act as the holding company for the new entity. HICL has agreed to subscribe to 51% of the paid-up equity share capital of HC Concessions Limited.

The capital contribution towards this subscription stands at ₹51,000. Ceigall India Limited will hold the remaining stake in the proposed public limited company.

Business Scope

The newly incorporated entity is designated for the infrastructure development industry. Its business scope covers a wide range of activities including the promotion, development, construction, operation, and maintenance of various infrastructural facilities both in India and abroad.

Key areas of operation include:

• Roads, highways, expressways, bridges, and toll plazas
• Power stations (hydel, thermal, wind, solar, nuclear)
• Telecommunications and waterworks
• Ports, airports, and mass rapid transport systems
• Urban infrastructure and residential townships

Regulatory Disclosure

The approval was made pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure aligns with SEBI Master Circular No. H0/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Hindustan Construction Company Ltd will host a series of meetings with analysts and institutional investors on September 3, 2026. The interactions are scheduled at the Grand Hyatt in Santacruz East, Mumbai.

Meeting Schedule

The company has disclosed two distinct sessions for the day. The first is a one-on-one meeting with AMS Opportunities Fund at 3:00 pm. This will be followed by a group meeting with other analysts and institutional investors at 4:00 pm.

Regulatory Disclosure

The intimation was issued pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that discussions will be based solely on publicly available information. No Unpublished Price Sensitive Information (UPSI) will be shared during these interactions.

Nitesh Kumar Jha, Company Secretary, signed the disclosure. The schedule remains subject to change due to exigencies on the part of the company or the participants.