Hindustan Copper has appointed M/s P A & Associates as its statutory auditors for the financial year 2026-27. The Comptroller & Auditor General of India (C&AG) issued the appointment order on September 8, 2026, pursuant to Section 139 of the Companies Act, 2013.

The company notified the stock exchanges of the development on September 14, 2026. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Audit Mandate Details

M/s P A & Associates, a partnership firm headquartered in Bhubaneswar, Odisha, will serve as the statutory auditor. The firm’s C&AG empanelment number is CAV/F/LP/SP0027. It was formed on October 15, 1980, and holds ICAI registration number 313085E.

The C&AG letter specifies that the statutory auditor of the holding company shall also audit the consolidated financial statements under Section 139 read with Section 129(4) of the Companies Act, 2013.

Supplementary Audit

The supplementary and test audit under Sections 143(6) and (7) of the Companies Act, 2013, has been entrusted to the Director General of Audit, Mines & Coal, Kolkata.

Remuneration and allowances payable to the auditors are regulated under Section 142 of the Companies Act, 2013, along with guidelines issued by the Department of Company Affairs in 1976 and 1984. The company must intimate any revision in audit fees and details of remuneration for other services once the accounts for FY26 are finalized.

Hindustan Copper shareholders will review a Qualified Institutional Placement (QIP) of up to 9,69,76,680 equity shares and a debt issuance proposal of ₹500 crore at the company’s 59th Annual General Meeting (AGM) on September 23, 2026. The capital raise aims to fund expansion plans approved by the Cabinet Committee on Economic Affairs (CCEA).

The company has fixed September 16, 2026, as the record date for its final dividend of ₹1.86 per equity share for FY26. The Register of Members and Share Transfer Books will remain closed from September 17 to September 23, 2026 (both days inclusive), in compliance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Capital Raise Approvals

Shareholders are sought to approve two major capital raising mechanisms:

1. QIP: Issue up to 9,69,76,680 equity shares via Qualified Institutional Placement. This utilizes the balance from the earlier 2021 resolution after the first tranche was completed.
2. Debt Instruments: Authority to issue secured or unsecured non-convertible debentures/bonds up to ₹500 crore on a private placement basis within an overall borrowing limit of ₹2,500 crore.

A new QIP Committee comprising the CMD, Director (Finance), and other functional directors will be constituted to execute these issuances.

Key Agenda Items

The AGM notice outlines significant ordinary and special business items:

• Dividend Declaration: Final dividend of ₹1.86 per share (face value ₹5) for FY26.
• Board Appointments: Regularization of Anupam Misra as Chairman & Managing Director, Ghanshyam Das Gupta as Director (Mining), Kulveer Singh Yadav as Government Nominee Director, and independent directors Ashish Kumar Khetan and Madhumita Daolagupu.
• Re-elections: Re-appointment of Sanjeev Kumar Sinha and RVN Vishweshwar who retire by rotation.
• Auditor Remuneration: Fixing remuneration for Statutory Auditors and ratifying cost auditor fees of ₹1.50 lakh for M/s Chatterjee & Co.

Meeting and Voting Details

Members holding shares as on the record date may cast votes via NSDL’s e-voting platform. Login credentials are sent to registered email addresses. Physical share holders must ensure KYC details are updated with the Registrar and Transfer Agent, Alankit Assignments Ltd.

Annual Report Access

Shareholders whose email addresses are not registered with the Registrar and Share Transfer Agent or Depository Participants will receive a letter containing a web-link to access the complete Annual Report for FY25-26. This is in compliance with Regulation 36(1)(b) of the SEBI Listing Regulations. The report is available on the company’s website under the Investors section.

Shareholders can also access the Annual Report on the websites of National Securities Depository Limited (NSDL), BSE Limited, and National Stock Exchange of India Limited. Those wishing to obtain a physical copy may write to the company at investors_cs@hindustancopper.com mentioning their Folio No./DP ID and Client ID.

Tax and Compliance

Dividend income is taxable under the Income Tax Act. The company will deduct TDS at prescribed rates. Investors must update their PAN, residential status, and bank details by September 23, 2026, to avoid payment delays. Dividends will be paid electronically within 30 days of declaration.