Hindustan Copper Ltd. — Capital/Financing Update 2021

Apr 12, 2021

हिन्दुस्तान कॉपर लिमिटेड HINDUSTAN COPPER LIMITED www.hindustancopper.com

CIN: L27201WB1967GOI028825

No. HCL/SCY/SE/ 2016

12.4.2021

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

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

Sub: Qualified institutions placement of Equity Shares of face value ₹ 5/- each (the "Equity Shares") by Hindustan Copper Ltd (the "Company") under the provisions of Chapter VI of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the "SEBI ICDR Regulations"), and Sections 42 and 62 of the Companies Act, 2013, as amended, including the rules made thereunder (the "Issue")

Sir / Madam,

We wish to inform you that the Board of Directors of the Company ("the Board") at its meeting held today, i.e. April 12, 2021 has, inter alia, approved the following:

• a. Approved closure of the issue today ("Issue Closing Date"), i.e. April 12, 2021;
• b. Determined and approved the issue price of $\bar{x}$ 119.60 per Equity Share (including a premium of ₹ 114.60 per Equity Share), [which takes into account a discount of 4.92% (i.e. ₹6.19 per Equity Share) to the floor price of ₹125.79 per Equity Share] determined as per the formula prescribed under Regulation 176(1) of the SEBI ICDR Regulations, for the Equity Shares to be allotted to the eligible Qualified Institutional Buyers in the Issue;
• c. Approved and finalised the confirmation of allocation note("CAN") to be sent to the eligible Qualified Institutional Buyers intimating them of allocation of Equity Shares pursuant to the Issue; and
• d. Approved and adopted the Placement Document dated April 12, 2021.

As intimated vide our letter of even number dated April 7, 2021, the Issue had opened on April 7.2021.

The meeting of the Board commenced at 5:00 PM and concluded at 6:50 PM.

We request you to take the above on record and the same be treated as compliance under the applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

Thanking you,

Yours faithfully,

(C S Singhi) ED (Co Secretary)