Description

BSE announces trading of Rights Entitlements (REs) for renunciation of Hindustan Construction Company Limited from December 12-17, 2025, with Rights Issue opening December 12-22, 2025.

Summary

BSE has announced the commencement of trading in Rights Entitlements (REs) for renunciation of Hindustan Construction Company Limited. Trading will be permitted from December 12, 2025 to December 17, 2025 on a T+1 rolling settlement basis. The Rights Issue will be open from December 12, 2025 to December 22, 2025. REs will be tradable in dematerialized form only and settled on a trade-for-trade basis.

Key Points

  • Company: Hindustan Construction Company Limited
  • Security Type: Rights Entitlements (REs)
  • Scrip Code: 751064
  • Scrip ID: HCC-RE1
  • ISIN: INE549A20026
  • Market Lot: 1
  • Group: R
  • Trading Period for Renunciation: December 12, 2025 to December 17, 2025
  • Rights Issue Period: December 12, 2025 to December 22, 2025
  • Settlement Basis: T+1 Rolling Settlement
  • Trading Mode: Trade-for-trade basis
  • Form: Dematerialized only

Regulatory Changes

No new regulatory changes. This circular follows existing framework for Rights Entitlements trading as per notices 20200305-21 dated March 05, 2020 and 20200518-34 dated May 18, 2020.

Compliance Requirements

For Trading Members:

  • Inform all clients about commencement of trading in REs, mentioning the ISIN (INE549A20026)
  • Clarify that REs should not be mistaken for ordinary shares of HCC
  • Include prominent disclaimer in contract notes/bills for RE purchases stating:
    • Purchase of REs gives right to participate in ongoing Rights Issue by making application with requisite money
    • REs can be renounced before issue closes
    • REs neither subscribed nor renounced before Issue Closing Date shall lapse and be extinguished
  • Refer to notices 20200305-21 and 20200518-34 for additional guidance

For Investors:

  • REs must be held in demat form for trading
  • Decide to either subscribe, renounce, or allow REs to lapse before December 22, 2025

Important Dates

  • December 12, 2025: Rights Entitlements trading begins; Rights Issue opens
  • December 17, 2025: Last day for trading REs for renunciation
  • December 22, 2025: Rights Issue closes; last day to subscribe or renounce REs
  • Post December 22, 2025: Unsubscribed and unrenounced REs will lapse and be extinguished

Impact Assessment

Market Impact: Medium - affects only HCC shareholders and potential investors interested in the rights issue.

Operational Impact: Trading members must ensure proper communication to clients about RE characteristics and deadlines. The 6-day renunciation trading window (Dec 12-17) is shorter than the full 11-day rights issue period (Dec 12-22), requiring timely action from shareholders wishing to trade their entitlements.

Shareholder Impact: Existing HCC shareholders have three options: (1) subscribe to the rights issue with application money, (2) renounce/sell their REs in the market between Dec 12-17, or (3) allow REs to lapse. Failure to act results in automatic lapse of entitlements.

Impact Justification

Affects existing shareholders of HCC who need to trade, renounce, or subscribe to rights entitlements within specific timeframes. Standard rights issue procedure with limited broader market impact.