Hindustan Copper Limited (HCL), a Government of India Enterprise, has announced its financial results for the quarter ended June 30, revealing both financial performance and governance challenges.

Financial Performance

The company reported standalone and consolidated earnings per share of ₹1.17 for continuing operations. While specific revenue and profit figures for this quarter were not provided, these results indicate positive financial performance.

Governance Compliance Issues

Despite the financial results, the auditors highlighted significant governance issues:

1. Lack of Independent Directors: The company has been operating without the required number of independent directors to constitute a valid Audit Committee since November 3, 2024.

2. Absence of Woman Director: Hindustan Copper has been without a woman director since March 22, 2025.

Both these issues are violations of the Companies Act 2013, raising concerns about the company's corporate governance practices.

Consolidated Results

The consolidated results include:

• Subsidiary: Chhattisgarh Copper Limited (74% holding)
• Joint Venture: Khanij Bidesh India Limited (30% holding)

Primary Business Operations

Hindustan Copper Limited primarily operates in the copper mining and processing business.

Board Approval

The Board of Directors of Hindustan Copper Limited has approved these unaudited financial results for the quarter.

Conclusion

While Hindustan Copper Limited has reported positive earnings per share, the highlighted governance issues present significant challenges that the company needs to address to ensure compliance with regulatory requirements and maintain investor confidence.

Note: All financial figures are in Indian rupees.

HCL Technologies , a leading Indian IT services company, has announced a change in the date of its upcoming board meeting. The meeting, originally scheduled for August 13, 2025, has been postponed by one day to August 14, 2025, due to certain unspecified exigencies.

Board Meeting Agenda

The rescheduled board meeting will focus on considering and approving the company's financial results for the first quarter of the fiscal year 2026, ending June 30, 2025. Both standalone and consolidated financial statements will be reviewed during this meeting.

Trading Window Closure

In line with the company's insider trading regulations, HCL Technologies has confirmed that the trading window for designated persons and their immediate relatives will remain closed until August 16, 2025. This extended closure period, which is two days after the rescheduled board meeting, is a standard practice to prevent insider trading and ensure fair disclosure of financial information to all stakeholders.

Key Points

• Board meeting rescheduled from August 13 to August 14, 2025
• Q1 FY2026 financial results to be reviewed and approved
• Trading window to remain closed until August 16, 2025

HCL Technologies' decision to reschedule the board meeting demonstrates the company's commitment to corporate governance and transparency. By providing timely information about the change in schedule and maintaining the trading window closure, the company ensures that all stakeholders have equal access to critical financial information.