Description

Record date fixed for rights issue of 277 equity shares for every 630 shares held at Rs.12.50 per share, with ex-rights trading effective from December 5, 2025.

Summary

Hindustan Construction Co. Ltd. (Scrip Code: 500185) has fixed the record date for its rights issue of equity shares. The company will issue 277 equity shares of Re.1/- each at a premium of Rs.11.50 per share (total issue price Rs.12.50) for every 630 equity shares held by shareholders. Trading on ex-rights basis will commence from December 5, 2025.

Key Points

  • Rights entitlement ratio: 277 equity shares for every 630 shares held
  • Face value: Re.1/- per share
  • Premium: Rs.11.50 per share
  • Issue price: Rs.12.50 per share (payable on application)
  • Record date: December 5, 2025
  • Ex-rights date: December 5, 2025
  • Settlement number: DR-771/2025-2026
  • Segment: Dematerialised securities - Rolling settlement

Regulatory Changes

No regulatory changes. This is a standard corporate action notification as per existing SEBI regulations for rights issues.

Compliance Requirements

  • Trading members must execute all transactions in the company’s equity shares on ex-rights basis from December 5, 2025
  • Shareholders on record as of December 5, 2025 will be eligible to participate in the rights issue
  • Issue price of Rs.12.50 per rights share is payable at the time of application

Important Dates

  • Record Date: December 5, 2025
  • Ex-Rights Trading Commencement: December 5, 2025
  • Settlement: DR-771/2025-2026
  • Notice Date: December 3, 2025

Impact Assessment

Shareholder Impact: Existing shareholders will have the opportunity to subscribe to additional shares at Rs.12.50 per share, representing a premium of Rs.11.50 over face value. The rights entitlement ratio of 277:630 (approximately 44% additional shares) represents a significant equity dilution if fully subscribed.

Market Impact: Stock will trade ex-rights from December 5, 2025, which typically results in a price adjustment reflecting the theoretical value of the right. Shareholders not participating in the rights issue will experience dilution of their holdings.

Trading Impact: All transactions from December 5, 2025 onwards will be conducted on ex-rights basis, meaning buyers will not be entitled to participate in this rights issue.

Impact Justification

Standard rights issue affecting existing shareholders with specific entitlement ratio and pricing. Medium impact as it dilutes existing holdings and provides subscription opportunity.