Hindustan Copper Limited has informed the stock exchanges of a key boardroom change, with the Ministry of Mines, Government of India appointing Shri Kulveer Singh Yadav as a part-time Official (Government Nominee) Director on its Board with immediate effect from 04.05.2026. The appointment replaces Shri Shakil Alam, EA, Ministry of Mines, and is valid until further orders.

Board Appointment Details

The appointment was conveyed by the Ministry of Mines vide File No. 31/3/2020-Met.I dated 04.05.2026, in terms of Article 70 of the Articles of Association of Hindustan Copper Limited, with the approval of the competent authority. The order was issued from GPOA-3, Netaji Nagar, Bhikaji Cama Place, New Delhi, and signed by Mukesh Kumar, Under Secretary to the Government of India. The key details of the appointment are summarised below:

Regulatory Compliance

The intimation was submitted to BSE Limited and the National Stock Exchange of India Ltd pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, read with the SEBI Master Circular dated 30.01.2026. Hindustan Copper Limited has stated that it is in the process of completing the necessary statutory formalities related to the appointment. The requisite disclosures and details as required under Regulation 30 will be communicated to the exchanges in due course.

The disclosure was signed by Mritunjay Kumar Dev, Company Secretary and Compliance Officer of Hindustan Copper Limited, on 04.05.2026.

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

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.