Description

Listing and trading of 799,991,900 equity shares of Hindustan Construction Company Ltd issued on rights basis, effective December 26, 2025.

Summary

BSE has approved the listing and trading of 799,991,900 new equity shares of Hindustan Construction Company Ltd (Scrip Code: 500185) issued on a rights basis. The shares will commence trading on December 26, 2025, and rank pari-passu with existing equity shares.

Key Points

  • 799,991,900 equity shares of Rs. 1/- each issued at a premium of Rs. 11.50/-
  • Total issue price: Rs. 12.50 per share
  • Issue type: Rights basis
  • ISIN: INE549A01026
  • Distinctive Numbers: 1819476163 to 2619468062
  • Allotment Date: December 23, 2025
  • Trading Start Date: December 26, 2025
  • New shares rank pari-passu with existing equity shares

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification following completion of a rights issue.

Compliance Requirements

  • Trading members should update their systems to reflect the increased share capital
  • Market participants should note the new distinctive number range for the additional shares
  • Standard trading rules and settlement procedures apply to the newly listed securities

Important Dates

  • Allotment Date: December 23, 2025
  • Trading Commencement: December 26, 2025 (Friday)

Impact Assessment

Market Impact: The rights issue significantly increases the paid-up capital of Hindustan Construction Company Ltd. With approximately 800 million new shares being added, existing shareholders who did not fully subscribe to the rights issue will experience dilution. The issue price of Rs. 12.50 per share (Rs. 1 face value + Rs. 11.50 premium) will serve as a reference point for near-term trading. Market participants should monitor trading volumes and price discovery when these shares commence trading on December 26, 2025.

Operational Impact: Trading members need to ensure their systems are updated to accommodate the expanded share capital and new distinctive number series before trading begins.

Impact Justification

Large rights issue dilutes existing shareholding but routine listing procedure with medium market impact due to significant share count increase