Hindustan Copper Limited has received a revised demand of Rs.92.166 crore from the Water Resource Department, Ghatshila, Jharkhand, concerning a dispute over water charges. The demand, communicated via a letter dated May 19, 2026, and received on May 27, 2026, estimates the total outstanding amount due for the consumption of natural river stream water from the Subarnrekha river. This development follows the company's request to the department to reassess an earlier demand of Rs.216 crore.

The revised assessment breaks down the total liability into two components. The water charges amount to Rs.46.623 crore, while a penalty of Rs.45.543 crore has been levied. The department calculated the outstanding amount for the period from 2005 to October 2025 at Rs.87.926 crore, based on data provided by the company and applicable departmental water rates. Adding the outstanding amount of Rs.4.247 crore for the period from 2000-01 to 2005 brings the total to Rs.92.166 crore.

Breakdown of Demand

Hindustan Copper Limited stated that the estimated outstanding water tax bill has been provided for confirmation. The company is currently evaluating the calculation made by the Water Resource Department. Additionally, the company plans to request the department to waive the penalty of Rs.45.543 crore.

The disclosure was submitted to the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The update pertains to the proceedings titled Hindustan Copper Limited Vs State of Jharkhand & Ors.

The President of India, in the capacity of promoter of hindustan copper , has confirmed that no encumbrance was created on the company's shares during the financial year ended March 31, 2026. This declaration ensures that the promoter's shareholding remains unencumbered, providing stability to the company's ownership structure. The disclosure was formally communicated to the stock exchanges to comply with regulatory requirements.

The Ministry of Mines, Government of India, submitted the declaration to BSE Limited and National Stock Exchange of India Ltd on April 7, 2026. The filing was made in accordance with Regulation 31(4) of the Securities and Exchange Board of India (SEBI) (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The regulation mandates promoters to disclose any encumbrance on shares held by them.

The confirmation explicitly states that the President of India has not made any encumbrance on the shares of Hindustan Copper Ltd, either directly or indirectly, throughout FY26. The letter was signed by Vivek Kumar Sharma, Director of the Ministry of Mines, on behalf of the President of India. Copies of the communication were also addressed to the Chairman of the Audit Committee and the Company Secretary of Hindustan Copper Ltd.

Regulatory Compliance

The disclosure serves as an annual compliance requirement under the takeover regulations. It provides transparency regarding the status of the promoter's holdings, which is critical information for the market participants and regulatory bodies.