Hindustan Copper Ltd. — Capital/Financing Update 2020

Sep 5, 2020

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A GOVT. OF INDIA ENTERPRISE

HINDUSTAN COPPER LIMITED

CIN No. : L2720IWBI967GOI028825

<IIlI 'WI TAMAA BHAVAN l,~-.JM't~

I, Ashutosh Chowdhury Avenue, lito;/fo'ffo P.B.NO. 10224 ~ KOLKATA-700019

No. HCLlSCY!SE! 2016

5.9.2020

The Sr. General Manager The Vice President Dept. of Corporate Services Listing Department BSELimited National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers Exchange Plaza, C-l, Block G Dalal Street Bandra-Kurla Complex, Bandra(East) Mumbai 400 001 Mumbai 400 051 BSEScrip Code: 513599 NSESymbol: HINDCOPPER

Sir! Madam,

Kindly refer to our letter of even number dated 14.8.2020 giving prior intimation under Regulation 29 of SEBI (Listing Obligations and Disclosure Requirerr.ents) Regulations, 2015 of the Board meeting convened on 10th September, 2020 for inter alia, considering the financial results of Hindustan Copper Ltd (HCL) for the quarter ended on 30[th] June, 2020 (Standalone and Consolidated).

• Further to above, it is informed that in the Board-meeting of HCL scheduled on 10[th] September,

• 2020 the following proposals will be also discussed along with f;n"ncial results for the quarter ended 30[th] June, 2020: (i) To consider and recommend seeking approval of shareholders for the overall borrowing limit of Rs. 2,500 crore for all types of borrowings! loans including bond'; across various products, together with interest, and for creation of security as may be required for the borrowing;

• (ii) To consider and recommend seeking approval of shareholders to authorize the Board to raise funds by issue of equity shares through Qualified Institutional Placement method to the extent of 15%of existing paid up equity capital in one or more tranches for f,!nding the capex! expansion plans of HCL approved by the CCEA;

• (iii) To consider and recommend to the Ministry of Mines to modify object clause of the QIP for meeting 'expansion! capex plan and general corporate purpose' in place of 'expansion!capex plan' and issue the QIP;

• (iv) To consider and recommend to the Ministry of Mines for alluwing issuance of 20 lakh Preference Shares of face value of RS.1000!- each aggregating to Rs. 200 crore of Compulsorily Convertible Preference Share for the purpose of meeting expansion!. capex plan and general corporate purpose.

This is submitted for information and record please.

Thanking you,

Yours faithfully,

~~ (C S Singhi) ED (IA) 8: Co Secretary

q;R Tel: 2283-2226 (Hunting), Il><m Fax: (033) 2283-247812640 ;1-,,", E-mail: hcl_ho@hindustanccpper.com, ~ Web: www.hlndustanccpper.ccm