The company will also seek shareholder's nod for increasing the company's authorised capital, HCC said in a filing to the BSE.
The Extraordinary General Meeting of the members of Hindustan Construction Company (HCC) will be held on January 5 and "approval (would be sought) for conversion of Loan by Lenders into Equity Shares/Optionally Convertible Debentures (OCDs) of the company ('Securities') pursuant to implementation of the Reserve Bank of India S4A Scheme for the company," the filing said.
HCC is the first company to get its debt restructured under the Sustainable Structuring of Stressed Assets (S4A) scheme.