Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Hindustan Construction Co. has informed that the Company has completed a claims settlement with a major client for Rs 180 crores, resulting in the reduction of client advances amounting to around Rs 130 crores (implying a reduction of annual financing charges of Rs 15 crores), with the balance Rs 50 crores being received as cash consideration, thereby boosting liquidity. The disclosure as per SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 are enclosed as ‘Annexure A’.
The above information is a part of company’s filings submitted to BSE.
