Hindustan Copper Ltd. — Audit Report / Information 2021

Sep 24, 2021

CIN No.: L27201WB1967GO1028825

भारत सरकार का उपक्रम A GOVT. OF INDIA ENTERPRISE पंजीकृत एवं प्रधान कार्यालय Registered & Head Office

तार भवन TAMRA BHAVAN 1. आशुतोष चौधरी एवेन्यू 1. Ashutosh Chowdhury Avenue, पोर्ज्वॉर्०सं० P.B. NO. 10224 कोलकाता KOLKATA - 700 019

No. HCL/SCY/SE/ 2016

The Sr. General Manager Dept. of Corporate Services BSE Limited Phiroze Jeejeebhoy Towers Datat Street Mumbai 400 001 BSE Scrip Code: 513599

24th September, 2021

The Vice President Listing Department National Stock Exchange of India Ltd Exchange Plaza, C-1, Block G Bandra-Kurla Complex, Bandra(East) Mumbai 400 051 NSE Symbol: HINDCOPPER

Sir / Madam,

The Comptroller & Auditor General of India (C&AG) vide Letter No. CA.V/COY/CENTRAL GOVERNMENT, HCOPPER(2)/395 dated 19.8.2021 (received today i.e. 24.9.2021) appointed M/s Ghoshal & Ghoshal, Chartered Accountants, 15 India Exchange Place, 5^th Floor, Birla Brothers Building, Kolkata-700001 as Statutory Auditors of Hindustan Copper Ltd for FY 2021-22. A copy of above C&AG letter, acceptance letter issued by M/s Ghoshal & Ghoshal and their brief profile are enclosed.

The above is submitted pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for your information and record please.

Thanking you,

Yours faithfully,

(C S Singhi)

ED (Co Secretary)

Encl: As stated

OFFICE OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA 10, BAHADUR SHAH ZAFAR MARG, NEW DELHI - 110 124

Received today Klight

No./CA, V/COY/CENTRAL GOVERNMENT, HCOPPR(2)/395

I am directed to state that in exercise of the powers conferred by section 139 of the Companies Act 2013, the Comptroller and Auditor General of India is pleased to appoint the Chartered Accountant firms/Limited Liability Partnerships As per Annexure - II as the Statutory/Joint Statutory/ Branch Auditors of the company for the year(s) : 2021-2022. Statutory/Joint Statutory Auditor (s) of holding company shall also be the auditors of Consolidated Financial Statements under section 139 read with section 129(4) of the Companies Act. 2013.

1. You are requested to contact the concerned auditors individually under intimation to this office

2. The supplementary/test audit under sections 143 (6) & (7) of the Companies Act, 2013 of your company is entrusted to PRINCIPAL DIRECTOR OF AUDIT (MINES) NO. 1, COUNCIL HOUSE STREET, KOLKATA-700001

3. The remuneration and other allowances payable to the auditors may be regulated as per the provisions of section 142 of the Companies Act 2013 read with guidelines issued by the Department of Company Affairs vide no. 7/76 dated 8th April, 1976 and no. 8/6/83 dated 07th June, 1984.

4. The audit fees paid/payable to the auditors as intimated by the Company has been indicated in Annexure-II. Any revision in the audit fees payable (including fees for consolidation) for the year 2021-2022 and itemwise details of all remuneration paid to the auditors for other services (other than statutory audit) alongwith the amount of TA/DA paid for 2020-2021 may be intimated.

The said information may be provided as soon as the Accounts for the year 2020-2021 is finalised so as to enable this office to review the appointment/re-appointment of the appointed auditors.

1. The above appointment is subject to the other conditions stipulated in Annexure-I( available on the CAG's website http://care.cag.gov.in/policy/terms.pdf).

Yours faithfully, (Raj Kumar) Sr. Administrative Officer

Phone: 011-23509240 Fax: 91-11-23237730, 91-11-23509241 E-mail: saoca5@cag.gov.in, sao2ca5@cag.gov.in

ANNEXURE - I I

LIST OF CHARTERED ACCOUNTANT FIRMS FOR THE YEAR 2021-2022

$\frac{S}{N_{o}}$	Firm Name	PSU Code Unit Code	IStation	Audit Details	Fees per annum in Rs (As Intimated by the PSU)
STATUTORY AUDITOR
1	GHOSHAL & GHOSAL (CAO358) 15 India Exchange Place, 5th Floor, Biria Brothers Buidling, KOLKATA KOLKATA - 700001, WEST BENGAL	HCOPPR INDLI $\vert(1)$	KOLKATA		1100000

Any change/revision in the audit fee payable to each of the auditor (s) mentioned above should be immediately intimated to this office for record and reference as the selection of auditors is based on the audit fees paid/payable. $\ddot{\phantom{a}}$ $-1.1$ $\sim$

15 India Exchange Place, Birla Brothers Building, 5th Floor, Kolkata-l Ph. No.: (033) 4602 3114/2262 8685 E-mail-ghalandgal@gmail.com

AKG/16/21-22

Dated: Friday, 24 September 2021

Received today 18

IJ

The Managing Director, HINDUSTAN COPPER LIMITED, "Tamra Bhawan", 1, P. B. No. 10224, Ashutosh Chowdhury Avenue, Kolkata - 700019.

Dear Sir.

Ref. No. CA.V/COY/CENTRAL GOVERNMENT. HCOPPR/2)/395 dated 19.08.2021.

Sub: Appointment of Auditors under section 139 of the Companies Act, 2013 for the financial vear 2021-2022 of HINDUSTAN COPPER LIMITED (NDL).

Please refer to the above quoted letter intimating our appointment as Statutory Auditors of HINDUSTAN COPPER LTD. (NDLI) for the financial year 2021-2022, we are pleasel to accept the said appointment.

We do hereby declare that :

• 1. The Firm is not disqualified under section 141 of the Companies Act, 2013.
• 1. That no unreasonable TA/DA, out of pocket expenses will be claimed from the Company.
• 1. That during the year of audit, and for one year after the Firm ceases to the Auditor, no assignment for Internal Audit of consultancy or other services to the Company will be accepted directly or indirectly as per explanation given under section 144 of the Companies Act, 2013 by the Firm.
• 1. That no Partner / Chartered Accountant employee of the Firm has been held guilty of professional misconduct by the Institute of Chartered Accountants of India during last year.
• 1. The audit would not be done by a person(i) who is neither a Partner nor an employee of the CA Firm to which the audit been allotted; (ii) who was earlier associated with the audit of the said PSU as Partner / Employee of the retiring auditor.
• 1. No Partner of the Chartered Accountant Firm would hold post of Director or undertake audit or any other job/assignment of any Private Organization (Company which is in the same line of business or industry as that of the PSU.

Thanking you,

Yours faithfully, For GHOSHAL & GHOSAL Chartered Accountants FRN 304013E

hoshor

$(C\hat{\Lambda} A. K.$ Ghoshal) Managing Partner M. No. 005254

Branches at: BENGALURU / VUAYAWADA / HYDERABAD / RANCHI / PATNA / BHUBANESWAR

KOLKAL (ed acc)

Profile of Ghoshai & Ghosai Chartered Accountants

Profile

Ghoshal & Ghosal is a Chartered Accountant firm established in 1966 having its Head Office in Kolkata and branch offices at Bhubaneswar, Bengaluru, Hyderabad, Vijayawada, Patna and Ranchi. The firm was originally registered as a "Proprietorship Firm" on 07.12.1966 by Mr. A.K.Ghoshal, FCA. Subsequently, the firm was converted into a PARTNERSHIP FIRM on 1st April, 1982 by two Senior Chartered Accountants Mr. A.K.Ghoshal and Mr. Samar Sengupta. Both of them were highly educated and fellow member of the Institute of Chartered Accountants of India. The Firm provides a wide range of services & consultancy relating to accounting & implementation thereof including IND AS, IFRS, Auditing including Internal, Statutory, Tax, Concurrent and Management Audits, matters relating to the Goods and Services Act (GST), Outsourcing of accounts, Payroli, Stores, Payable/Receivable management, Statutory compliances, SEBI Laws, FEMA, Companies law matters, etc.

The firm has Clients in Public & Government sector, Banking sector, as well as Private sector spread across various industries from agriculture to manufacturing and service industries. The Firm makes all aspects of service delivery transparent to its Clients. The Firm's performance is pre-scheduled, agreed, cost-efficient and time effective deliverables. The objective of the Firm is to reach clients expectations and even serve beyond, to ensure compliance besides attaining highest standards of operations. We are a Firm of experienced, young and energetic Chartered Accountants having association with a number of other Professionals. Firm also has wide experience in Statutory & Tax Audit of various mid-sized corporate houses & society on pan India basis.

Our goal is to help our Client as one-stop solution to all their requirements starting from auditing and assurance services to accounting services, taxation, litigation support and so on and so forth. We have been entrusted by some of the good brands of India and would continue to strive to attract and develop the best Professionals, to provide value-added services to our clients in making the best financial services. We are empanelled with different State Government/Semi Government departments besides C&AG and Reserve Bank of India, Government of India, PSUs as follows:

• Comptroller & Auditor General of India CA0358
• Reserve Bank of India Unique Code No.- 070506
• Life Insurance Corporation of India
• National Jute Manufacturers Corporation Ltd.
• Municipal Affairs Department, Govt. of West Bengal
• Educational Directorate, Govt. of West Bengal
• Dept. of Panchayat & Rural Development, Govt. of West Bengal
• Coal India Limited
• BSNL
• Paschim Banga Sarva Siksha Abhijan
• Audit Bureau of Circulations
• Steel Authority of India (SAIL)- Eastern Region
• Air India- Eastern Region