Hindustan Construction Co. Ltd. — Capital/Financing Update 2018

Sep 5, 2018

September 5, 201 8

National Stock Exchange of lndia Ltd, Exchange Plaza, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051.

Dear Sir,

Subject: Outcome of the meeting of the Board of Directors of Hindustan Construction Company Limited (the "Company") held on September 5, 2018

The Board of Directors of the Company ("Boardn) at its meeting held on September 5, 201 8 has approved following:

• The issue of equity shares of the Company ("Equity Shares") by way of a rights issue to the existing shareholders of the Company on the record date determined subsequently in accordance with the provisions of applicable laws. The rights issue will be for an overall amount not exceeding f 500 crores and shall be in accordance with the Securities and Exchange Board of lndia (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended and other applicable laws (the "lssue");
• For the purpose of giving effect to the Issue, the Board has constituted a special committee, Rights lssue Committee, which has been, inter-alia, authorized to finalise the terms and conditions of the lssue including the rights entitlement ratio, issue price, record date, timing of the lssue and all other related matters; and
• (iii) Increase in the authorized equity share capital of the company from f 1,250,000,000 divided into 1,250,000,000 equity shares of t 1 each to f 2,000,000,000 divided into 2,000,000,000 equity shares of f 1 each and consequent amendment to the Memorandum of Association. The Company will be seeking the consent of its shareholders for such increase and consequent amendment of the Memorandum of Association at an Extraordinary General Meeting to be convened in this regard on October 8, 2018 at 10.00 a.m.at Mumbai.

The meeting of the Board commenced at 10.00 a.m. and concluded at 1 1 .I 5 a.m.

This intimation is issued in terms of Regulation 30 and 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 201 5.

We request you to kindly take this on record.

Yours faithfully,

For Hindustan Construction Company Limited

Venkatesan Arunachalam Company Secretary

Encl: as above

Cc: BSE Limited, The Corporate Relationship Dept, 1" Floor, Phiroze Jeejeebhoy Towers Dalal Street, Mumbai-400 001