Hindustan Copper Ltd. — Capital/Financing Update 2021

Nov 9, 2021

हिन्दुस्तान कॉपर लिमिटेड

HINDUSTAN COPPER LIMITED

CIN No.: L27201WB1967GOI028825

पंजीकृत एवं प्रवान कार्यालय Registered & Head Office

THE WITH TAMPA BHAVAN 1. आशुलोष चौधरी एवेन्यू 1. Ashutosh Chowdhury Avenue, कोलकाता KOLKATA-700 019

भारत सरकार का खपक्रम A GOVT, OF INDIA ENTERPRISE

No. HCL/SCY/SE/ 2016

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

9th November, 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,

Pursuant to the provisions of Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/CMD1/162/2019 dated 24^th December, 2019, a Statement of Deviation or Variation in utilization of funds raised by the Company through Qualified Institutional Placement method vide Placement Document dated 12^th April, 2021 for the quarter ended 30^th September, 2021, duly reviewed by the Audit Committee of the Company in its meeting held on 9th November, 2021 is enclosed.

The above is submitted for information and record please.

Thanking you,

Yours faithfully,

C S Singhi) ED (Co Secretary)

Encl: As stated

						Arinex A
	Statement of Deviation / Variation in utilisation of funds raised
Name of the listed entity	Hindustan Copper
	Limited
Mode of Fund Raising	QIP
Date of Raising Funds	12.4.2021
Amount Raised	Rs.499,99,99,992.00
Report filed for Quarter ended	30.9.2021
Monitoring Agency	Not applicable
Monitoring Agency Name, if applicable	Not applicable
Is there a Deviation / Variation in use of funds raised	No.
If yes, whether the same is pursuant to change in terms of a	Not applicable
contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval	Not applicable
Explanation for the Deviation / Variation	Not applicable
Comments of the Audit Committee after review	None
Comments of the auditors, if any	None
Objects for which funds have been raised and where there has	Not applicable
been a deviation, in the following table
Original Object	Modified Object, if	Original	Modified	Funds	Amount of	Remarks if
	any	Allocation	allocation,	Utilised	Deviation/Variation for	any
			if any		the quarter according to
					applicable object
Enhancement of production of copper ore towards partial funding of the Phase-1 of Hindustan Copper Limited proposed capex/expansion	Not Applicable	Rs.499.99	Not	108.82	Nil	No deviation
from 3.97 MTPA to 12.2 MTPA and the issue expenses as per		crore	Applicable	crore		or variation
Placement Document dt.12.4.2021 under the chapter Use of		approx		approx
Proceeds

$\sim$

$\sim$

Securities and Exchange Board of India

$\cdots$ $\cdots$ $\cdots$

Deviation or variation could mean:

(a) Deviation in the objects or purposes for which the funds have been raised or

(b) Deviation in the amount of funds actually utilized as against what was originally disclosed or

(c) Change in terms of a contract referred to in the fund-raising document i.e. prospectus, letter of offer, etc

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(Ghanshyam Sharma) Director (Finance) & CFO