Hindustan Construction Company Ltd (HCC) has announced its 100th Annual General Meeting (AGM) scheduled for Tuesday, August 18, 2026, at 11:00 a.m., to be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The meeting marks a landmark occasion as the Company completes one hundred years of engineering and construction operations across India, having contributed to the country's infrastructure across bridges, dams, tunnels, hydroelectric projects, nuclear facilities, metros and expressways.

AGM Details and Agenda

The forthcoming AGM will be conducted exclusively in virtual mode, with no physical venue. Members may participate through the NSDL e-Voting platform, with remote e-Voting open from August 14, 2026 at 09:00 a.m. to August 17, 2026 at 05:00 p.m. The record date for determining voting eligibility is August 11, 2026.

The agenda includes adoption of audited standalone and consolidated financial statements for FY2025–26, re-appointment of Mr. Aditya Pratap Jain as a Director liable to retire by rotation, appointment of Mr. Nakul Pasricha as an Independent Director, payment of remuneration to Non-Executive Chairman Mr. Ajit Gulabchand, ratification of Cost Auditor remuneration, increase in authorised share capital from ₹300 crore to ₹400 crore, and approval for issuance of securities up to ₹800 crore.

FY2025–26 Financial Performance

During FY2025–26, HCC reported standalone income from operations of ₹3,937.25 crore compared to ₹4,801.1 crore in the previous year. Net profit after tax improved significantly to ₹205.81 crore from ₹84.9 crore in FY25, driven by a reduction in tax expenses. EBITDA (excluding other income) stood at ₹633.24 crore, with an EBITDA margin of 16.08% against 19.43% in the prior year. The Board has not recommended any dividend for FY2025–26 in order to conserve resources.

Quarterly EBITDA margins reflected stable execution across the year, at approximately 14.9% in Q1 FY26, approximately 16.1% in Q2 FY26, approximately 15.2% in Q3 FY26, and approximately 18.2% in Q4 FY26.

Balance Sheet Transformation and Capital Raising

A key highlight of FY2025–26 was HCC's continued deleveraging. The Company achieved debt prepayments of approximately ₹1,500 crore, resulting in a 38% YoY reduction in debt to ₹1,995 crore. The Debt Equity Ratio improved to 0.27 from 0.79 in FY25. This was supported by a Promoter Group-led ₹1,000 crore rights issue, which was subscribed at 200%, reflecting strong investor confidence. During the year, 79,99,91,900 equity shares were allotted at ₹12.50 per share on December 23, 2025, raising ₹999.99 crore. Pro forma annual interest cost savings of approximately ₹112 crore are expected to accrue in FY27 from these prepayments.

Order Book and Operational Highlights

HCC's order book strengthened from ₹11,188 crore to ₹12,971 crore during the year. The Company secured 7 new contracts aggregating to approximately ₹8,828 crore (Company's share was ₹5,636 crore in joint venture). The pipeline of bids under evaluation exceeded ₹35,000 crore, with an overall pipeline exceeding ₹50,000 crore across transportation, hydro and urban infrastructure segments.

Operationally, the year saw several landmark achievements:

• Mumbai Metro Line 3 (UGC-02): Delivered and inaugurated, contributing to Mumbai's 33.5 km first fully underground metro corridor. HCC executed four underground stations—CSMT, Kalbadevi, Girgaon and Grant Road—along with twin bored tunnels extending over 3,115 metres.
• Anji Khad Cable-Stayed Railway Bridge: India's first cable-stayed railway bridge, featuring a 193-metre-high pylon, was successfully completed and inaugurated.
• Tehri Pumped Storage Plant: The 1,000 MW plant was fully commissioned, making it India's largest operational pumped storage project.
• Agardanda Creek Bridge: Construction progressed on the 4.31 km bridge, with 94 piles completed and 216 precast segments cast.
• Vishnugad Pipalkoti Hydroelectric Project: Tunnelling reached approximately 8.5 km of the total 12.1 km headrace tunnel.
• Mumbai Coastal Road: Inaugurated as a marquee urban infrastructure project in FY2025–26.

Corporate Governance and Board Changes

During FY2025–26, Mr. Arjun Dhawan was appointed as Vice Chairman & Managing Director with effect from June 26, 2025, following the cessation of Mr. Jaspreet Bhullar as MD & CEO on June 23, 2025. Mr. Rahul Shukla was appointed as Chief Financial Officer with effect from June 1, 2025. Mr. Arun Karambelkar ceased to be an Independent Director upon his demise on November 2, 2025. Mr. Nakul Pasricha was appointed as an Additional Independent Director with effect from July 10, 2026, and his appointment is proposed for member approval at the 100th AGM. The Board met 5 times during FY2025–26, and the paid-up equity share capital as on March 31, 2026 stood at ₹2,61,94,68,062, comprising 2,61,94,68,062 equity shares of ₹1 each.

CARE Ratings revised HCC's bank facility and debenture ratings from CARE BB+; Positive to CARE BBB-; Stable during the year, reflecting the Company's improving financial position. The Company's Integrated Management System was recertified for a further three years following successful audits across hydro, transportation and nuclear project sites.

Hindustan Construction Company Ltd has published newspaper advertisements in Business Standard and Sakal regarding its 100th Annual General Meeting (AGM), scheduled for Tuesday, August 18, 2026, at 11:00 a.m. via video conferencing. The meeting will be conducted through the VC/OAVM facility provided by the National Securities Depository Limited (NSDL) in compliance with the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Annual Report for the financial year 2025-26 will be available on the company's website, stock exchange portals, and the NSDL e-voting platform.

Notice and Report Availability

The Notice of the AGM and the Annual Report will be sent electronically to members with registered email addresses. For members without registered email addresses, the company will send a letter providing the weblink to access the Annual Report on its website. Members attending through VC/OAVM will be counted for quorum purposes under Section 103 of the Act.

E-Voting and Registration Details

Shareholders holding shares in physical or demat form who have not registered their email addresses must follow specific procedures to obtain user ID and password for remote e-voting. Physical shareholders must provide folio details, share certificate scans, PAN, and Aadhaar via email. Demat shareholders must provide DPID-CLID, client master list, PAN, and Aadhaar. Alternatively, requests can be sent to NSDL. Individual members with demat accounts can also vote through their depository accounts, provided their contact details are updated.