Hindustan Construction Company Limited — Others, 07-08-2025: Monitoring Agency Report

Hindustan Construction Company (HCC) has released its Q1FY26 Monitoring Agency Report detailing the utilization of the Rs. 600 crore QIP funds. The company has deployed Rs. 400 crore towards its stated objectives. These funds were used for repaying Rs. 190 crore in borrowings, fully meeting Rs. 150 crore for working capital, and allocating Rs. 26.88 crore for general corporate purposes, including unspent issue expenses. The remaining Rs. 200 crore from the QIP proceeds is currently held in Fixed Deposits with ICICI Bank, earning 5.25%. This update provides clear insight into the QIP fund deployment.