Hindustan Zinc Limited concluded its 60th Annual General Meeting (AGM) on June 29, 2026, with shareholders approving all eight proposed resolutions with the requisite majority. The meeting, conducted via video conferencing, saw the adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026. The company confirmed that the auditors' report contained no qualifications, modified opinions, or adverse remarks. The remote e-voting period was open from June 24, 2026, to June 28, 2026, and the meeting commenced at 11:50 A.M. IST and concluded at 01:54 P.M. IST.

Key Resolutions Passed

Shareholders voted on several critical items concerning the company's governance and financial health. The resolutions included the re-appointment of Mr. Navin Agarwal, who retires by rotation, and the appointment of M/s M S K A & Associates LLP as the Statutory Auditors. Additionally, members approved the ratification of remuneration for cost auditors for the financial year ending March 31, 2027.

Strategic Outlook: Critical Minerals and Capacity Expansion

Addressing the shareholders, Chairperson Ms. Priya Agarwal Hebbar highlighted the company's performance and strategic direction. She reported that Hindustan Zinc delivered its highest-ever mined metal production of more than 1.1 million tonnes and its second-highest refined metal production of approximately 1.05 million tonnes. Silver production continues to grow as a significant business pillar.

The Chairperson detailed the 'Hindustan Zinc 2.0' strategy, aimed at transforming the company into a future-ready energy transition company. This involves expanding into critical minerals such as tungsten, potash, and rare earth elements. The company intends to double its production capacity through disciplined, phased investments while extending mine life beyond 25 years through sustained exploration efforts.

Operational Excellence and Sustainability

Ms. Hebbar emphasized the company's focus on technology and sustainability. Hindustan Zinc is accelerating digital transformation through automation and AI-enabled systems to improve safety and productivity. The company also highlighted its large-scale tailings reprocessing project, which converts legacy waste into valuable resources.

On the social front, the company noted that women represent 26 percent of its workforce, with a near-term goal of reaching 35 percent. Through its Nand Ghar initiative, the company reaches over 4,000 villages, impacting approximately 2.6 million people.

Hindustan Zinc Limited has executed the deed for the grant of a composite licence for the Nawatola Laband Rare Earth Elements (REE) Block in Uttar Pradesh. The execution, dated June 27, 2026, was completed with the Government of Uttar Pradesh under the provisions of Schedule V of the Mines and Minerals (Development and Regulation) Act, 1957. This development allows the company to undertake reconnaissance, prospecting, and exploration activities within the specified area.

The Nawatola Laband REE Block covers an area of 210.01 hectares and is located in the Sonbhadra District of Uttar Pradesh. The composite licence grants Hindustan Zinc the right to conduct operations in accordance with the terms and conditions of the licence and applicable statutory provisions.

Upon the successful completion of exploration and the fulfillment of terms applicable to the successful bidder under the MMDR Act, the Mineral (Auction) Rules, 2015, and the Composite Licence, the company will become eligible for the grant of a Mining Lease. This transition is subject to compliance with all applicable laws and regulations.

The move is part of the company's strategic expansion into critical minerals. The Nawatola Laband block represents a significant asset in the rare earth elements sector, which is crucial for various high-technology and clean energy applications.