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

Nov 13, 2018

A BRIEF SYNOPSIS OF THE PROPOSED RIGHTS ISSUE OF THE COMPANY

Sr.No.	Particulars	Details
$\overline{1}$	Issue size	Issue of up to 49,75,76,833 Equity Shares of face value of ₹ 1 each of ourCompany (the "Equity Shares") for cash at a price of ₹ 10 per Equity Share(including a premium of ₹ 9 per Equity Share) for an aggregate amount notexceeding ₹ 497.58 crores on a rights basis to the Eligible Equity Shareholders ofour Company.
$\overline{2}$	Issue price	Each Equity Share is being offered at a price of ₹ 10 per Equity Share (including apremium of ₹9 per Equity Share) in the Issue.The Issue Price has been arrived at prior to the determination of the Record Date,in consultation with the Lead Manager.
$\mathbf{3}$	RecordDate	November 22, 2018
$\overline{4}$	RightsEntitlementRatio	Ratio of 49 Equity Shares for every 100 fully paid-up Equity Shares
5	TreatmentFractionalEntitlements	The Equity Shares are being offered on a rights basis to Eligible EquityShareholders in the ratio of 49 Equity Shares for every 100 fully paid-up EquityShares held on the Record Date. For Equity Shares being offered on a rights basisunder this Issue, if the shareholding of any of the Eligible Equity Shareholders isless than 100 Equity Shares or not in the multiple of 100, the fractional entitlementof such Eligible Equity Shareholders shall be ignored in the computation of theRights Entitlement. However, the Eligible Equity Shareholders whose fractionalentitlements are being ignored, will be given preferential consideration for theAllotment of one additional Equity Share each if they apply for additional EquityShares over and above their Rights Entitlement.
		For example, if an Eligible Equity Shareholder holds between 101and 99 EquityShares, such Shareholder will be entitled to 49 Equity Shares on a rights basis andwill also be given a preferential consideration for the Allotment of one additionalEquity Share if the Shareholder has applied for the same.
		Further, the Eligible Equity Shareholders holding between 1 and 2 Equity Sharesshall have 'zero' entitlement in the Rights Issue. Such Eligible Equity Shareholdersare entitled to apply for additional Equity Shares and will be given preference in theallotment of one additional Equity Share if, such Eligible Equity Shareholders applyfor the additional Equity Shares. However, they cannot renounce the same infavour of third parties and the CAF shall be non-negotiable.

Yours faithfully,For Hindustan Construction Company Limited

there Arjun Dhawan Group CEO & Whole-time Director

Date: November 12, 2018