Hindustan Construction Company Limited — Others, 08-05-2025: Monitoring Agency Report

Hindustan Construction Company Ltd has announced a Monitoring Agency Report by CARE Ratings on proceeds from its Rs.600 crore QIP. So far, Rs.190 crore was used for loan repayments, Rs.147.82 crore for working capital (covering TDS, GST, supplier and subcontractor payments), and Rs.22.42 crore for salaries and office expenses. Issue expenses amounted to Rs.33.12 crore. About Rs.204 crore remains unutilized in fixed deposits earning 6.75% interest. There were no deviations in fund usage or events impacting the company’s viability.