Hindustan Copper has secured forest clearance for its Chandmari copper mine located in District Jhunjhunu, Rajasthan. The Forest Department, Government of Rajasthan, granted this approval via a letter dated 19.06.2026, which was received by the company on 23.06.2026. This regulatory milestone is critical for the continuation of mining operations, as it authorizes the use of forest land for the duration of the lease.

Clearance Co-Terminus With Lease Period

The forest clearance has been granted co-terminus with the Chandmari copper mine lease period. This alignment ensures that the environmental authorization remains valid throughout the entire duration of the mining lease, providing operational stability and removing the need for frequent renewals or administrative interventions regarding forest land compliance.

Key Details of the Approval

The table below outlines the specific parameters of the regulatory approval received:

The receipt of this clearance is a prerequisite for conducting mining operations in forest areas and confirms compliance with the regulatory frameworks governing forest land use in India. The disclosure was submitted to the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

BSE and NSE imposed a fine of Rs 9,55,800 each on Hindustan Copper for non-compliance with board composition norms for the quarter ended March 31, 2026. The penalties were levied due to violations of Regulation 17(1), 18(1), and 19(1)/(2) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, which pertain to the composition of the Board and the constitution of committees.

The company stated that as a Government Company, the power to appoint directors is vested with the President of India, acting through the Ministry of Mines. Hindustan Copper has written to the ministry requesting the appointment of five part-time non-official or independent directors to meet statutory requirements, noting that the matter is currently under consideration.

In its 464th meeting held on June 12, 2026, the Board advised that the company seek an exemption from the fine payment from the exchanges. Consequently, Hindustan Copper has formally requested BSE and NSE to grant exemption under the Uniform Carve Out Policy. The company has also informed the promoter, the Government of India through the Ministry of Mines, regarding the vacancy of director posts and the need for compliance.