Hindustan Copper Ltd. — Capital/Financing Update 2022

May 28, 2022

CIN No.: L27201WB1967GOI028825

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

ताम्र भवन TAMPA BHAVAN 1, आशुतोष चौघरी एवेन्य 1. Ashutosh Chowdhury Avenue, पोर्ब्वॉर्क्सि P.B. NO. 10224 कोलकाता KOLKATA-700 019

No. HCL/SCY/SE/ 2021

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

28^th May, 2022

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 24th 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 31^st March, 2022, duly reviewed by the Audit Committee of the Company in its meeting held on 28^th May, 2022 is enclosed.

The above is submitted for information and record please.

Thanking you,

Yours faithfully,

S Singhi) ED (Co Secretary)

Encl: As stated

Securities and Exchange Board of India

Annex A Statement of Deviation / Variation in utilisation of funds raised Name of the listed entity Hindustan Copper Limited $QIP$ Mode of Fund Raising Date of Raising Funds 12.4.2021 Approx Rs.500 crore Amount Raised 31.3.2022 Report filed for Quarter ended Monitoring Agency Not applicable Monitoring Agency Name, if applicable Not applicable No. Is there a Deviation / Variation in use of funds raised Not applicable If yes, whether the same is pursuant to change in terms of a 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 Amount of Deviation/Variation Funds Remarks If Alfocation for the quarter according to allocation, Utilised any any applicable object if any Enhancement of production of copper ore towards partial funding of the Not Applicable Rs.500 Not 133.50 Nil No deviation Phase-1 of Hindustan Copper Limited proposed capex/ expansion from Applicable crore crore or variation 3.97 MTPA to 12.2 MTPA and the issue expenses as per Placement approx approx Document dt.12.4.2021 under the chapter Use of Proceeds

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

(Ghanshyan Sharma Director (Finance) & CFO