Hindustan Copper Limited
Incorporated in the year 1967, Hindustan Copper Limited (HCL) was formed to take over from National Mineral Development Corporation Ltd. It is the first Indian PSU and only vertically integrated copper producing company. HCL is engaged in various processes right from copper mining to the final stage of converting copper into saleable products.
What Hindustan files
- Others85
- Updates45
- Important30
- Board Meeting7
- Dividend/Bonus6
- Investor Meet5
Hindustan Copper's Board approved a dividend payment of Rs. 1.86 per share for FY 2025-26. Shareholders need to provide required tax documents to ensure correct tax deduction at source on this dividend.
Hindustan Copper shareholders to consider fund-raising plans: up to 9.7 Cr new equity shares via QIP for capex/expansion, and issuing non-convertible debentures/bonds up to Rs 500 Cr. Investors should note potential equity dilution and increased debt.
Hindustan Copper was fined approximately 0.19 Cr by BSE and NSE for not meeting corporate governance requirements regarding board composition. The company cites delayed director appointments by the Ministry of Mines and plans to seek fine exemption.
Company corrected an error in its standalone cash flow statement for the previous financial year. Prior cash & cash equivalents were Rs. 89.85 Cr, now restated to Rs. 79.52 Cr. No impact on profitability.
Hindustan Copper was fined Rs. 0.1954 Cr by exchanges for corporate governance issues, specifically board composition. HCL, a Govt company, links this to delayed director appointments from Ministry of Mines and is seeking exemption.