Hindustan Construction Company Limited (HCC) has announced the unfortunate demise of Mr. Arun Karambelkar, an Independent Director on the company's board. Mr. Karambelkar passed away on November 2, 2025, leaving behind a legacy of significant contributions to HCC's governance and operations.

Long-standing Association

Mr. Karambelkar had been an integral part of HCC's board since 2011, serving as an Independent Director for over a decade. His tenure was marked by valuable insights and guidance that helped shape the company's strategic direction.

Impact on Board Composition

Following Mr. Karambelkar's passing, he has ceased to be an Independent Director of HCC with immediate effect. This change in the board's composition was reported by the company in compliance with Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company's Response

The Board of Directors and employees of Hindustan Construction Company have expressed their deep regret at Mr. Karambelkar's passing and conveyed their sincere condolences to his family. The company acknowledged his significant contributions during his tenure, highlighting the value he brought to HCC's governance and operational processes.

Regulatory Compliance

In line with regulatory requirements, HCC has promptly informed the stock exchanges about this development. The company submitted an intimation to both the BSE Limited and the National Stock Exchange of India Ltd on November 3, 2025, detailing the changes in their board composition due to Mr. Karambelkar's demise.

This unfortunate event marks the end of a significant chapter in HCC's corporate governance history. As the company moves forward, it will undoubtedly reflect on Mr. Karambelkar's contributions while considering future appointments to maintain the strength and diversity of its board.

Hindustan Construction Company (HCC) has clinched a significant contract worth approximately ₹204.00 crore from Hindalco Industries Limited, marking a notable development in the infrastructure sector. The contract entails pot shell and superstructure fabrication work, showcasing HCC's expertise in specialized construction projects.

Contract Details

This new project adds to HCC's order book, potentially strengthening its position in the construction and engineering sector. The contract's focus on fabrication work for pot shells and superstructures suggests involvement in Hindalco's aluminum production facilities, as pot shells are crucial components in aluminum smelting processes.

Implications for HCC

The securing of this contract could have several positive implications for HCC:

1. Revenue Boost: The ₹204.00 crore project is likely to contribute significantly to HCC's revenue stream.
2. Expertise Showcase: This contract demonstrates HCC's capabilities in specialized fabrication work, which could lead to similar high-value projects in the future.
3. Client Relationship: Winning a contract from a major player like Hindalco could strengthen HCC's reputation and potentially lead to more collaborations in the metal and mining sector.

Market Impact

Investors and market watchers may view this development as a positive sign for HCC's business prospects. The company's ability to secure contracts could be seen as an indicator of its competitive edge and operational efficiency.

As the project progresses, stakeholders will likely keep an eye on HCC's execution capabilities and the potential for this contract to impact the company's financial performance in upcoming quarters.