Hindustan Copper Ltd

Senior management changes

• Nagesh Shenoy redesignated to Executive Director (Mining-Production, Safety & ISO Chief), Corporate Office, effective by 9 Oct 2026.
• Abhimanue Singh reassigned to Malanjkhand Copper Project as Executive Director & Unit Head; effective by 9 Oct 2026.
• Tarak Nath Nayak moved to Unit Head—Taloja/Gujarat Projects, Engineering Services at Corporate Office, effective by 9 Oct 2026.
• Joining details for the SMPs will be intimated separately.

AGM Details

• AGM held on 23 September 2026 at 10:30 AM IST via VC/OAVM.
• Voting cut-off date identified as 16 September 2026.

Key Resolutions

• Adoption of Audited Financial Statements passed.
• Final dividend for FY 2025-26 approved.
• Re-appointment of Sanjeev Kumar Sinha passed.
• Re-appointment of RVN Vishweshwar passed.
• Remuneration of Statutory Auditors approved.
• Appointment of Anupam Misra as CMD approved.
• Appointment of Ghanshyam Das Gupta as Director (Mining) approved.
• Appointment of Kulveer Singh Yadav as Government Nominee Director approved.
• Appointment of Ashish Kumar Khetan as Part Time Independent Director approved.
• Appointment of Madhumita Daolagupu as Part Time Independent Director approved.
• Remuneration to Cost Auditor for FY 2026-27 approved.
• QIP to raise up to 9,69,76,680 equity shares approved.
• Dissolution of existing QTP Committee and formation of fresh Board committee approved.
• Private placement of debentures/bonds approved.

Dividend

• Final dividend on equity shares for FY 2025-26 approved.

Director Changes

• Sanjeev Kumar Sinha re-appointed (retiring by rotation).
• RVN Vishweshwar re-appointed (retiring by rotation).
• Ghanshyam Das Gupta appointed Director (Mining).
• Kulveer Singh Yadav appointed Government Nominee Director.
• Ashish Kumar Khetan appointed Part Time Independent Director.
• Madhumita Daolagupu appointed Part Time Independent Director.

Auditor Appointments

• Remuneration to Cost Auditor for FY 2026-27 approved.

Material Related Party Transactions

• No material related party transactions disclosed in filing.

Other Material Approvals

• QIP funding and share issue plan approved.
• Dissolution of QTP Committee and formation of fresh Board committee approved.
• Approval to issue debentures/bonds via private placement.

Hindustan Copper Ltd - Trading Window Closure from 01.10.2026 till 48 hours after the declaration of financial results for the quarter ended 30.09.2026

AGM details

• Held on 23 September 2026 at 10:30 AM IST via Video Conferencing/OAVM; 126 members attended.
• Remote e-voting conducted 20–22 September 2026; results to be announced within 48 hours.

Resolutions & outcomes

• Adopt Audited Financial Statements (Standalone & Consolidated) for FY2025-26 — Ordinary, passed.
• Declare final dividend on equity shares for FY2025-26 — Ordinary, passed.
• Re-appoint Shri Sanjeev Kumar Sinha as Director (retiring by rotation) — Ordinary, passed.
• Re-appoint Shri RVN Vishweshwar as Director (retiring by rotation) — Ordinary, passed.
• Fix remuneration of the Statutory Auditors — Ordinary, passed.
• Appoint Anupam Misra as Chairman & Managing Director — Special, passed.
• Appoint Ghanshyam Das Gupta as Director (Mining) — Special, passed.
• Appoint Kulveer Singh Yadav as Government Nominee Director — Special, passed.
• Appoint Ashish Kumar Khetan as Part Time Independent Director — Special, passed.
• Appoint Madhumita Daolagupu as Part Time Independent Director — Special, passed.
• Ratify remuneration to Cost Auditor for FY2026-27 — Ordinary, passed.
• Approve raising funds via QIP up to 9,69,76,680 equity shares — Special, passed.
• Approve dissolution of existing QIP Committee and constitution of fresh Board committee — Special, passed.
• Approve issue of secured/unsecured non-convertible debentures on private placement — Special, passed.

Dividend details

• Final dividend proposed: ₹1.86 per share (37.20% of paid-up capital).
• Interim dividend already paid: 20% on paid-up capital.
• Total dividend: ₹2.86 per share; total payout ₹276.57 crore.
• GOI share in total payout: ₹172.13 crore.

Director changes & appointments

• Sanjeev Kumar Sinha re-appointed as Director (retiring by rotation).
• RVN Vishweshwar re-appointed as Director (retiring by rotation).
• Anupam Misra appointed as Chairman & Managing Director.
• Ghanshyam Das Gupta appointed as Director (Mining).
• Kulveer Singh Yadav appointed as Government Nominee Director.
• Ashish Kumar Khetan appointed as Part Time Independent Director.
• Madhumita Daolagupu appointed as Part Time Independent Director.

Auditors & governance approvals

• Remuneration for Statutory Auditors fixed.
• Cost Auditor remuneration ratified for FY2026-27 (M/s Chatterjee & Co.).
• QIP governance: dissolution of existing QIP Committee and formation of fresh Board committee.
• Private placement: approval to issue secured/unsecured non-convertible debentures.

Dividend approval and payment

• AGM held 23 Sep 2026 approved dividend for FY2025-26
• Dividend rate Rs 1.86 per share on face value Rs 5
• Dividend equals 37.20% of paid-up capital
• Payment date: 16 Oct 2026
• Board recommended dividend in May 2026
• AGM held via video conferencing / AV means

Rating Action Details

• Rating agency: ICRA Limited.
• Long-term fund-based term loan (Rs 150 crore) upgraded to AAA (Stable) from AA+ (Stable).
• Long-term fund-based cash credit (Rs 350 crore) upgraded to AAA (Stable) from AA+ (Stable).
• Long-term non-fund-based (Others) (Rs 500 crore) upgraded to AAA (Stable) from AA+ (Stable).
• Long-term/short-term unallocated limits (Rs 800 crore) upgraded to AAA (Stable) / A1+.
• Short-term non-fund-based (Others) (Rs 300 crore) rating reaffirmed at A1+.
• Commercial Paper (Rs 100 crore) rating reaffirmed at A1+.
• Total rated amount across instruments: Rs 2,200 crore.
• Rationale for the Rating will be shared shortly.
• Outlook: Stable for long-term AAA ratings.
• Overall upgrade from AA+ to AAA for most long-term instruments.

Arbitration stay update

• Commercial Court, Jabalpur granted conditional stay from operation of arbitration award; order dated 16.09.2026 (received 21.09.2026).
• Deposit conditions require 50% of the arbitration award amount to be deposited in bank guarantee form.
• Remaining 50% and expenses must be submitted as a bond supported by an Asset Valuation Report before execution.
• Failure to deposit could lead to attachment and sale of properties; Section 34 proceedings will be heard thereafter.
• Matter is sub-judice; no settlement details provided.

Updated Corporate Presentation

• Updated Corporate Presentation for Hindustan Copper Limited August 2026 released.
• Presentation filed under SEBI LODR Regulation 30 for information and record.

Expansion & Resources Outlook

• MCP 2.5→5.0 MTPA; KCC 1.5→3.0 MTPA; ICC 0.4→4.2 MTPA.
• TCP tolling target 60,000 TPA; GCP production by Q4 FY27.
• Capex plan ₹7,000 crore over next 5–6 years; reserves 785.99 MT as of 01.04.2026.
• Resource gains added 154.14 MT in last 4 years.

Partnerships & JVs

• KABIL JV: HCL 30%; CCL 74%.
• CODELCO MoU for capacity building and exploration.
• MoUs with NTPC Mining (NML), RITES, IOCL, Coal India, Oil India, GAIL.
• GCP LOI to Lohum Materials for revenue-sharing; production by Q4 FY27.

Filing Status

• CAG appoints P A & Associates as statutory auditors for Hindustan Copper Limited for 2026-27.
• Auditors will conduct statutory and consolidated audits under Companies Act 2013 section 139.
• Appointment follows Regulation 30 of SEBI LODR 2015 disclosure rules.
• Remuneration details to be intimated after 2025-2026 finalisation.
• Annexure-II lists P A & Associates as the statutory auditor for 2026-27.