The President of India, in the capacity of promoter of hindustan copper , has confirmed that no encumbrance was created on the company's shares during the financial year ended March 31, 2026. This declaration ensures that the promoter's shareholding remains unencumbered, providing stability to the company's ownership structure. The disclosure was formally communicated to the stock exchanges to comply with regulatory requirements.

The Ministry of Mines, Government of India, submitted the declaration to BSE Limited and National Stock Exchange of India Ltd on April 7, 2026. The filing was made in accordance with Regulation 31(4) of the Securities and Exchange Board of India (SEBI) (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The regulation mandates promoters to disclose any encumbrance on shares held by them.

The confirmation explicitly states that the President of India has not made any encumbrance on the shares of Hindustan Copper Ltd, either directly or indirectly, throughout FY26. The letter was signed by Vivek Kumar Sharma, Director of the Ministry of Mines, on behalf of the President of India. Copies of the communication were also addressed to the Chairman of the Audit Committee and the Company Secretary of Hindustan Copper Ltd.

Regulatory Compliance

The disclosure serves as an annual compliance requirement under the takeover regulations. It provides transparency regarding the status of the promoter's holdings, which is critical information for the market participants and regulatory bodies.

Hindustan Copper Limited has announced its audited financial results for the fiscal year ended March 31, 2026. The company reported a robust financial performance with a substantial rise in both revenue and profitability for the full year. The Board of Directors, which met on May 15, 2026, approved the financial statements and recommended a final dividend for shareholders.

Financial Performance

For the year ended March 31, 2026, the company reported a standalone net profit of ₹920.67 crore, a 96.5% increase compared to ₹468.53 crore in the previous year. Revenue from operations surged to ₹3077.92 crore from ₹2070.96 crore in the prior year, marking a 48.6% growth. Total income for the year stood at ₹3149.67 crore, up from ₹2149.29 crore in FY25.

On a quarterly basis, profit for the period stood at ₹444.06 crore for the quarter ended March 31, 2026, compared to ₹190.54 crore in the corresponding quarter of the previous year. Revenue from operations for the quarter was ₹1156.08 crore, significantly higher than the ₹731.40 crore recorded in the same period last year.

Segment and Operational Details

The company is primarily engaged in the business of mining and processing copper ore into copper concentrate, which has been grouped as a single segment in the disclosures. The financial results include an exceptional item of ₹95.75 crore for the year, relating to a one-time provision for a Post-Retirement Medical Scheme introduced during the quarter ended December 31, 2025.

Dividend and Fund Raising

The Board of Directors has recommended a final dividend of ₹1.86 per equity share of face value ₹5 each for the financial year 2025-26. This is in addition to the interim dividend of ₹1.00 per share already paid on March 5, 2026. The record date and payment date for the final dividend will be intimated after shareholder approval at the upcoming Annual General Meeting.

Furthermore, the Board has recommended seeking shareholder approval to raise funds. This includes issuing secured or unsecured non-convertible debentures or bonds via private placement up to ₹500 crore. Additionally, the company proposes to raise funds by issuing equity shares through the Qualified Institutional Placement (QIP) route, aggregating up to 9,69,76,680 equity shares, to fund capital expenditure and expansion plans approved by the Cabinet Committee on Economic Affairs.

Key Financial Metrics

The following table summarizes the standalone financial performance for the year and quarter ended March 31, 2026: