Hindustan Copper Ltd. — Regulatory Filings 2021

Aug 7, 2021

CIN No.: L27201WB1967GOI028825

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

ताम्र भवन TAMRA BHAVAN 1, आशुतोष चौधरी एवेन्यू 1, Ashutosh Chowdhury Avenue. पो॰बॉ॰सं॰ P.B. NO. 10224 कोलकाता KOLKATA-700019

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

7^th August, 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 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 30^th June, 2021, duly reviewed by the Audit Committee of the Company in its meeting held on 7^th August, 2021 is enclosed.

The above is submitted for information and record please.

Thanking you,

Yours faithfully,

S Singhi) ED (Co Secretary)

Encl: As stated

						ЛШБА Л
	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	30.6.2021
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 ۰.	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
Enhancement of production of copper ore towards partial	Not Applicable	Rs.499.99	Not	67.94	applicable object Nil	No deviation
funding of the Phase-I of Hindustan Copper Limited proposed		crore	Applicable	crore		or variation
capex/expansion from 3.97 MTPA to 12.2 MTPA of ore and issue		approx		approx
expenses as per 'Placement Document' dt.12.4.2021 for QIP
raised as detailed 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

(SUKHEN KUMAR BANDYOPADHYAY) DIRECTOR (FINANCE) & CFO

(RAVI K GUPTA) HOD-CORPORATE - FINANCE Date: 07.08.2021