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.

Hindustan Copper Limited has announced that Shri Ghanshyam Das Gupta, Executive Director (ED) & Unit Head, Khetri Copper Complex, assumed charge as Additional Director-Director (Mining) on its Board on 14.05.2026 (F/N). This follows the Ministry of Mines Order No. Met3-10/1/2025-METAL III dated 08.05.2026, and is in continuation of the company's earlier intimation to stock exchanges dated 10.05.2026, submitted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

The appointment was made in terms of Article 70(1) of the Articles of Association of Hindustan Copper Limited, a Miniratna Central Public Sector Enterprise under the Ministry of Mines. Shri Ghanshyam Das Gupta formally submitted his joining report at HCL Corporate Office on 14.05.2026, referencing the Ministry of Mines order, HCL Corporate Office Order no. Estt/2/5899 dated 11.05.2026, and KCC's release order dated 13.05.2026.

The key parameters of the appointment are summarised below:

Consequent upon Shri Ghanshyam Das Gupta's joining as Additional Director-Director (Mining), Shri Sanjeev Kumar Sinha has ceased to hold the Additional Charge of the post of Director (Mining), HCL. Shri Sinha will continue to hold the post of Director (Operations), HCL.

Regulatory Disclosure

As per confirmation received from Shri Ghanshyam Das Gupta, he is not related to any of the Members of the Board of Directors or Key Managerial Personnel of the Company or their relatives. He is also not debarred from holding the office of Director by virtue of any SEBI order or any other such authority. The intimation was signed and submitted by Mritunjay Kumar Dev, Company Secretary and Compliance Officer of Hindustan Copper Limited, on 14.05.2026. The detailed terms and conditions of the appointment are to be issued separately by the Ministry of Mines.

Profile of Shri Ghanshyam Das Gupta

Shri Ghanshyam Das Gupta is a B. Tech graduate from NIT Surathkal and holds a 1st Class Mines Manager Certificate of Competency (FCC), with 31 years of domestic and international experience in the mining industry. He is recognised as a turnaround specialist, with a proven track record in underground metal mining, gold and copper mining, and open cast mining operations in India and abroad.

His key achievements and contributions include:

• Strategic Turnaround at MCP: Revived the Malanjikhan Copper Project (MCP) during its difficult transition to underground mining, resolving a 3-year statutory deadlock through an engineering plan to connect mine outlets and securing essential clearances under the Mines Act.
• Operational Scale-up: Accelerated MCP's mine development from zero to 1,000 meters/month and commenced production while the underground project was still under construction.
• Record Profitability: Led the Khetri Copper Complex (KCC) to record profits by executing the Kolihan Mine Capex Project.
• Global Innovation: In Saudi Arabia, redesigned Overburden waste relocation to significantly reduce lead distances and costs, enhancing the reputation of Indian engineers globally.
• Environmental & Safety Leadership: Earned the 5-Star Rating Award from the Ministry of Mines and the National Safety Award from the Ministry of Labour & Employment; achieved Zero Water Discharge and planted 3 lakh saplings. He also serves as a Member of the Review Committee of Draft Metalliferous Mines Regulations 2025, framed under the Occupational Safety, Health, & Working Conditions (OSH & WC) Code 2020.