Hindustan Copper Limited has filed a revised Statement of Standalone Cash Flow Statement for the year ended 31st March 2026. The revision addresses an inadvertent printing error in Annexure-A of the original filing, specifically concerning the 'Cash & Cash Equivalent- at the end of the year' for the previous year ending 31st March 2025. The figure was initially printed as ₹89.85 crore instead of ₹79.52 crore. The opening balance for the current year was correctly stated as ₹79.52 crore in the original submission. Consequently, the closing cash and cash equivalents for FY26 are reported as ₹820.22 crore. The company confirmed that there is no change in the profitability of the company due to this correction.

Revised Cash Flow Metrics

The revised statement details the cash flows for the year ended 31st March 2026. Net cash from operating activities stood at ₹1473.57 crore, compared to ₹544.31 crore in the previous year. Net cash used in investing activities was ₹(433.52) crore, while net cash used in financing activities amounted to ₹(299.35) crore. This resulted in a net increase in cash and cash equivalents of ₹740.70 crore for the fiscal year.

Breakdown of Cash Equivalents

Annexure-A of the revised statement provides a detailed breakdown of the cash and cash equivalents. As of 31st March 2026, current financial assets in cash and cash equivalents stood at ₹395.85 crore, while bank balances other than cash totaled ₹412.57 crore. Non-current financial assets classified as others amounted to ₹11.80 crore. The total cash and cash equivalents at the end of the year were ₹820.22 crore.

The revised statement was signed by Sanjiv Kumar Singh, Chairman and Managing Director & CEO, and Mritunjay Kumar Dev, Company Secretary & Compliance Officer. The audit opinion remains unmodified.

Hindustan Copper has filed a progress update with stock exchanges under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, detailing significant advancements in its collaboration with Corporacion Nacional Del Cobre De Chile (Codelco), the Chilean state-owned copper mining giant. The update, informed to the Board of Directors in its meeting held on May 15, 2026, marks a meaningful progression from the initial cooperation agreement announced earlier.

NDA Executed and Transaction Advisor Engaged

Hindustan Copper has formally executed a Non-Disclosure and Confidentiality Agreement (NDA) with Codelco, formalizing the framework for information exchange and cooperation between the two entities. In parallel, the company has engaged a transaction advisor to facilitate its entry into the Chilean mining sector and support further acquisition activities. These steps reflect a structured approach to evaluating and potentially securing copper mining assets in Chile, one of the world's largest copper-producing nations.

The key developments reported in the filing are summarized below:

Site Study of Chilean Copper Blocks

In a significant operational milestone, a team from Hindustan Copper, along with representatives from its MOU partners, visited several exploration sites in Chile between April 20 and April 30, 2026, to conduct a site study of copper blocks. This on-ground assessment is a critical step in evaluating the viability of potential mining assets ahead of any formal acquisition or partnership agreement. The company has noted that work in this regard remains under progress, indicating that the evaluation and engagement process is ongoing.

Regulatory Disclosure and Background

The progress update was filed in continuation of the company's earlier letter dated April 2, 2025, which had announced the initial cooperation and information exchange agreement with Codelco. The latest disclosure, signed by Company Secretary and Compliance Officer Mritunjay Kumar Dev, underscores Hindustan Copper's commitment to transparency with its stakeholders as it advances its international mining strategy. The company's efforts to expand into overseas copper mining markets represent a broader strategic objective to diversify its resource base beyond domestic operations.