Hindustan Copper Board Meeting Scheduled on May 15, 2026 to Consider Q4FY26 Results, Dividend, QIP, and NCD Issuance

Hindustan Copper Ltd has notified the stock exchanges of a forthcoming Board of Directors meeting scheduled for May 15, 2026, in compliance with Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting will take up several significant agenda items, including the approval of financial results for the quarter and year ended March 31, 2026, and key capital-raising proposals.

Key Agenda Items for the Board Meeting

The board meeting on May 15, 2026 is set to deliberate on a broad range of financial and corporate matters. The following table summarises the key agenda items:

Agenda Item:	Details
Financial Results:	Approval of standalone and consolidated accounts for the quarter and year ended March 31, 2026
Final Dividend:	Recommendation for shareholder approval of final dividend for Financial Year 2025-26
Qualified Institutional Placement (QIP):	Recommendation to raise funds via issue of up to 9,69,76,680 equity shares of face value ₹5/- each, in one or more tranches
Non-Convertible Debentures / Bonds:	Recommendation to offer, issue, and allot secured or unsecured NCDs or bonds on private placement basis up to ₹500 crore

Financial Results and Dividend Consideration

The board will consider the approval of Hindustan Copper's standalone and consolidated financial results for the quarter and full year ended March 31, 2026. Alongside the financial results, the board will also deliberate on a recommendation to seek shareholder approval for the payment of a final dividend for Financial Year 2025-26. The specific dividend quantum will be subject to shareholder approval at the appropriate forum.

Capital Raising Proposals

Two significant fund-raising proposals are on the board's agenda. The first involves a Qualified Institutional Placement (QIP), under which the board will recommend seeking shareholder approval to issue up to 9,69,76,680 equity shares of face value ₹5/- each, in one or more tranches. The second proposal pertains to the issuance of secured or unsecured non-convertible debentures (NCDs) or bonds on a private placement basis, up to a limit of ₹500 crore.

Trading Window Closure

In line with the Company's Code of Fair Disclosure and Code of Conduct to regulate, monitor, and report trading by insiders, the Trading Window for dealing in the shares of Hindustan Copper has already been closed. As per the intimation issued vide Letter No. HCL/SCY/SE/2026 dated March 25, 2026, the Trading Window shall remain closed until May 17, 2026 for Designated Persons and their immediate relatives.

The exchange intimation was submitted by Mritunjay Kumar Dev, Company Secretary and Compliance Officer of Hindustan Copper Ltd, on May 7, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.11%	+6.42%	+12.85%	+71.03%	+168.43%	+231.03%

Hindustan Copper Limited has submitted a disclosure to stock exchanges regarding pending litigation and disputes in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure, dated 04.05.2026, outlines 12 pending cases across various judicial and quasi-judicial forums that may have an impact on the company.

Overview of Pending Cases

The company faces litigation in multiple forums including the Supreme Court of India, various High Courts, Commercial Courts, and arbitration proceedings. The cases involve diverse matters such as contract disputes, tax claims, water resource demands, and challenges to arbitration awards. The aggregate financial implications from these cases amount to approximately Rs. 1,168.89 crore.

Financial Implications by Case

Case Description	Forum	Financial Implications (Rs. crore)	Quantum of Claims (Rs. crore)
IVRCL-MCCDL-TCL-DM Consortium disputes	Arbitration/Section 34	320.41	-
State of MP & MPPVKCL matter	Commercial Court, Jabalpur & High Court, Calcutta	14.05	266.25
MSEFC Cuttack & Utkal Moulders	Madhya Pradesh High Court	17.12	227.00
Municipal Council, Malanjikhand	Orissa High Court & Arbitration	17.12	227.00
Terminal Tax dispute	Supreme Court	188.68	-
Satyanarayan Iron Works	Commercial Court, Jabalpur	74.87	79.00
Siva Metals	High Court Cuttack & MSEFC	6.81	-
Maharashtra Local Body Tax	Bombay High Court	0.22	67.59
Jagadia Copper Ltd liquidation	Gujarat High Court	58.00	-
Jharkhand water resource demand	High Court of Jharkhand	35.60	0.40
Bhagawati Oxygen Limited	Arbitration	216.00	-
PR Maheshwaran & Anr	Calcutta High Court	230.80	-

Key Dispute Details

The most significant financial exposure of Rs. 320.41 crore arises from disputes with M/s IVRCL-MCCDL-TCL-DM Consortium regarding the development of an underground mine at Malanjikhand Copper Project. The contract was awarded in 2015 for a five-year period, and disputes led to arbitration proceedings with an award passed against Hindustan Copper Limited.

Another substantial exposure of Rs. 230.80 crore relates to a recovery suit against M/s STPL for construction of a commercial plant at Malanjikhand Copper Project. The company is claiming Rs. 230,80,92,100 along with interest pendente lite and future interest at 18%. Additionally, a terminal tax dispute involving Rs. 188.68 crore is pending before the Supreme Court, covering the period from April 2006 to March 2012.

Other Notable Matters

The company is also contesting a demand notice from the water resource department in Jharkhand regarding consumption of natural river stream water, with financial implications of Rs. 35.60 crore. This demand was first served in 1991, and discussions are underway for an out-of-court settlement. Furthermore, a matter involving Bhagawati Oxygen Limited pertains to minimum off-take guarantee for oxygen supply to the smelter plant for the period 2020-21, with implications of Rs. 216 crore as of February 2026.