Hindustan Copper Ltd. — Capital/Financing Update 2021

Apr 7, 2021

fersttiiri*arcr-{ HINDUSTAN COPPER LIMITED

www.hindustancopper.com CIN :L27201WB1967G01028825

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

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 pursuant to the approval of Board of Directors of the Company ("the Board") at its meeting held on October 29, 2020 and approval of the Shareholders of the Company by way of a Special Resolution on January 28, 2021 through Postal Ballot, the Board in its meeting held today i.e. April 7, 2021 has, inter alia, considered and approved the following:

• a. Approved opening of the Issue today, i.e. April 7, 2021;
• b. Approved and adopted the Preliminary Placement Document dated April 7, 2021 and the Application Form dated April 7, 2021 in connection with the Issue;
• c. Approved and taken on record, the 'Relevant Date' for the purpose of the Issue, in terms of Regulation 171 the SEBI ICDR Regulations, which is April 7, 2021; and
• d. Approved and taken on record the Floor Price in respect of the aforesaid Issue based on the pricing formula as prescribed under Regulation 176(1) of the SEBI ICDR Regulations being t125.79 per Equity Share and in accordance with Regulation 176(1) of the SEBI ICDR Regulations, the Company may offer a discount of not more than 5% on the Floor Price so calculated for the Issue. The issue price will be determined by the Company in consultation with the Book Running Lead Managers appointed for the Issue.

The meeting of the Board commenced at 5:00 PM and concluded at 6:15 PM.

April 7, 2021

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,

Kt, ,

(C S Singhi) ED (Co Secretary)