In compliance with Regulation 54 of the Listing Regulations, Hindustan Construction Company has informed that the company has maintained a 100% asset cover sufficient to discharge the principal amount for the non convertible debt securities issued by the company. Further, in respect of the secured non convertible debentures aggregating Rs 100 crores, the company has created and secured a charge by way of registered mortgage on the parcel of land (immovable nonresidential property) admeasuring 22 acres and 24 gunthas at Tara Village, Panvel Taluka; all present and future movable assets and current assets of the Company; all other additional and specified assets. The asset cover has been maintained as per the terms and conditions stated in the Debenture Trust Deeds.
The above information is a part of company’s filings submitted to BSE.
