Hindustan Copper MD, chairman, board of directors and AGM

Mutual fund votes, meeting of 23 Sep 2026, 10 fund houses so far (houses' deadline to file 15 Oct 2026)

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

• Adoption of Audited Financial Statements for the financial year ended 31st March 2026 together with the Reports of the Directors Auditors and CAG

  ›Against Angel One Mutual Fund, DSP Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund

  • Angel One Mutual FundGovernance concern: Non-Compliant Audit Committee at the time of approval of financial statements. Absence of a compliant Audit Committee casts serious doubts over the integrity/ accuracy of the financial statements.
  • DSP Mutual FundWe have relied upon the auditors’ report, which has raised several emphasis with respect to: provisional revenue recognition pending actual ASSAY reports; unexecuted leasehold deeds for the Gujarat Copper Project; an arbitration award against the company under appeal in Jabalpur; outstanding Terminal Tax demands from Malanjkhand Municipal Council; a pending Water Resources Department demand in Jharkhand; and unreconciled trade and other payables/advances. The auditors’ opinion is not modified in respect of these matters. On internal financial controls, the auditor found controls "generally operating effectively," but flagged that monitoring needs strengthening around accounting for expenses and Property, Plant & Equipment, reconciliation of current and non-current asset/liability balances, and the ERP-based system for tracking stores-and-spares inventory movement. We note that the auditors have highlighted certain issues related to the audit trail feature in the accounting software. Based on the auditors’ report, which is unqualified, the financial statements are in accordance with generally accepted accounting policies and Indian Accounting Standards (IND-AS). The company’s audit committee was not constituted in line with regulations during FY26 and the board does not have sufficient independent directors. Thus, we believe there was absence of critical oversight provided by the audit committee during FY26. We do not support resolution.
  • Edelweiss Mutual Fund, Navi Mutual FundUnqualified Financial Statements (except certain non-material remarks in CARO report). Governance concern: Non-Compliant Audit Committee at the time of approval of financial statements. Absence of a compliant Audit Committee casts serious doubts over the integrity/ accuracy of the financial statements.

  5 for4 against
• Declaration of Final Dividend on equity shares for financial year 2025 - 2026

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund

  • Angel One Mutual FundGovernance Concern is raised in adoption of financial statements of the Company under resolution #1, final dividend being appropriation post approval of accounts, cannot be paid if accounts are not voted FOR.
  • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. Sufficient funds available for payment of final dividend. Governance Concern is raised in adoption of financial statements of the Company under resolution #1, final dividend being appropriation post approval of accounts, cannot be paid if accounts are not voted FOR.

  7 for3 against
• To appoint a Director in place of Shri Sanjeev Kumar Sinha DIN 10993006 who retires by rotation and being eligible offers himself for re-appointment.

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund

  • Angel One Mutual FundGovernance concern: Board is non-compliant with the requirement of requisite number of Independent Directors.
  • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. No concern on the merits of proposed appointees. Governance concern: Board is non-compliant with the requirement of requisite number of Independent Directors.

  7 for3 against
• To appoint a Director in place of Shri RVN Vishweshwar DIN09518994 who retires by rotation and being eligible offers himself for reappointment

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund

  • Angel One Mutual FundGovernance concern: Board is non-compliant with the requirement of requisite number of Independent Directors.
  • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. No concern on the merits of proposed appointees. Governance concern: Board is non-compliant with the requirement of requisite number of Independent Directors.

  7 for3 against
• Approval of fixation of remuneration of the Statutory Auditors

  10 for0 against
• Approval of appointment of Shri Anupam Misra DIN 07637439 as Chairman and Managing Director of the Company

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund

  • Angel One Mutual FundGovernance concern: Board is non-compliant with the requirement of requisite number of Independent Directors.
  • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. No concern on the merits of proposed appointees. Governance concern: Board is non-compliant with the requirement of requisite number of Independent Directors.

  7 for3 against
• Approval of Appointment of Shri Ghanshyam Das Gupta DIN 09344792 as Director Mining of the Company

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund

  • Angel One Mutual FundGovernance concern: Board is non-compliant with the requirement of requisite number of Independent Directors.
  • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. No concern on the merits of proposed appointees. Governance concern: Board is non-compliant with the requirement of requisite number of Independent Directors.

  7 for3 against
• Approval of Appointment of Shri Kulveer Singh Yadav DIN 11704895 as Government Nominee Director of the Company

  ›Against Angel One Mutual Fund, DSP Mutual Fund, Edelweiss Mutual Fund, Jio BlackRock Mutual Fund, Navi Mutual Fund

  • Angel One Mutual FundGovernance concern: Board is non-compliant with the requirement of requisite number of Independent Directors.
  • DSP Mutual Fund, Jio BlackRock Mutual FundKulveer Singh Yadav, 48, is a senior officer of the 2002-batch Indian Ordnance Factories Service (IOFS) and currently serves as Joint Secretary in the Ministry of Mines, Government of India. He has experience in general management, defence manufacturing, production and policy implementation. While his appointment is in line with the statutory requirements, we are unable to support the resolution because the board composition is not compliant with regulations on independent director’s representation. We expect the Ministry of Mines to first address the board composition, before appointing its nominees to the board. While public sector enterprises are exempt from the requirement of seeking shareholder approval within three months of the appointment date, as good practice, the company should have sought approval within three months. Further, while it is unclear if he would be liable to retire by rotation, we take comfort from the fact that amendments to SEBI LODR build sufficient guardrails around the issue of board permanency, and he will have to be reappointed after five years. We do not support the resolution.
  • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. No concern on the merits of proposed appointee. Governance concern: Board is non-compliant with the requirement of requisite number of Independent Directors.

  5 for5 against
• Approval of appointment of Shri Ashish Kumar Khetan DIN 11732678 as Part Time Non Official Independent Director of the Company

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund

  • Angel One Mutual FundGovernance concern: Term of appointment is ambiguous and against spirit of the law.
  • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. No concern on the merits of proposed appointee. Governance concern: Term of appointment is ambiguous and against spirit of the law.

  7 for3 against
• Approval of appointment of Smt Madhumita Daolagupu DIN: 11894087 as Part Time Non Official Independent Director of the Company

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund

  • Angel One Mutual FundGovernance concern: Term of appointment is ambiguous and against spirit of the law.
  • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. No concern on the merits of proposed appointee. Governance concern: Term of appointment is ambiguous and against spirit of the law.

  7 for3 against
• Ratification and confirmation of the remuneration to be paid to Cost Auditor of the Company

  9 for0 against
• Approval of raising of funds through issue of Equity Shares through Qualified Institution Placement method to the extent of 96976680 equity shares in one or more tranches for funding the capex expansion plans of HCL duly approved by CCEAMoreLess

  2 for0 against
• Approval for dissolution of existing QIP Committee and constitution of a fresh Board committee and delegate necessary powers to deal with all matters relating to the further issue of shares securities

  9 for0 against
• Approval to offer issue and allot secured or unsecured nonconvertible debentures or bonds on private placement basis

  9 for0 against

Mutual fund votes, meeting of 25 Sep 2025, 21 fund houses

• Adoption of Audited Financial Statements (Standalone and Consolidated) for the year ended 31.03.2025, together with the Reports of the Directors, Auditors and C&AG thereon

  ›Against Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Jio BlackRock Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual Fund, Nippon India Mutual FundGovernance concern: Non-Compliant Audit Committee. Accounts not vetted by duly compliant Audit Committee; Undisputed Statutory Dues unpaid for more than 3 years.
  • Axis Mutual Fund, Jio BlackRock Mutual FundWe have relied upon the auditors’ report, which has raised several emphasis with respect to pending legal matters, Tax demand and pending conformation of trade receivables, trade payables and other current liabilities. Although the auditors have not qualified their report, they have stated that the company’s internal financial controls need to be strengthened. We note that the auditors have highlighted certain issues related to the audit trail feature in the accounting software. The company must disclose why it has trade payables outstanding for more than two years. Based on the auditors’ report, which is unqualified, the financial statements are in accordance with generally accepted accounting policies and Indian Accounting Standards (IND-AS). Due to the absence of the requisite number of Independent Directors, the Audit Committee was non-compliant when the financial statements were approved by the board. While the auditor’s view on the financial statements is not modified, we believe that financial statements approved under such circumstances should not be supported until the governance framework is regularized and statutory compliance is ensured. Therefore, we do not support the resolution.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundUnqualified financial statements. Compliant with Indian Accounting Standards. Governance concern: Non-Compliant Audit Committee. Accounts not vetted by duly compliant Audit Committee; Undisputed Statutory Dues unpaid for more than 3 years.
  • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)

  10 for11 against
• Declaration of dividend on equity shares for Financial Year 2024-25

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual FundGovernance Concern is raised in adoption of Standalone financial statements of the Company under resolution #1, dividend being appropriation post approval of accounts, cannot be paid if accounts are not voted FOR.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundSufficient resource to pay dividend. Governance Concern israised in adoption of Standalone financial statements of the Company under resolution #1, dividend being appropriation post approval of accounts, cannot be paid if accounts are not voted FOR.

  14 for7 against
• Re-appointment of Shri Sanjiv Kumar Singh (DIN: 09548389), as Director who retires by rotation and being eligible, offers himself for re-appointment

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual FundGovernance Concern: Holding combined position of Chairman & Managing Director; Board is non-compliant with the requirement of requisite number of Independent Directors & Woman Director/ Woman Independent Director.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundCompliant with law. No concern on the merits of the proposed appointee. Governance Concern: Holding combined position of Chairman & Managing Director; Board is non-compliant with the requirement of requisite number of Independent Directors & Woman Director/ Woman Independent Director.

  14 for7 against
• Approval to fix the remuneration of the Statutory Auditors

  21 for0 against
• Appointment of Shri Sanjiv Kumar Singh (DIN: 09548389) as Chairman and Managing Director of the Company with effect from 21.03.2025 in terms of Ministry of Mines' Order No. Met.3-10/2/2022-Met.III dated 21.03.2025MoreLess

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual FundGovernance Concern: Holding combined position of Chairman & Managing Director; Board is non-compliant with the requirement of requisite number of Independent Directors & Woman Director/ Woman Independent Director; Delayed shareholder’s approval.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundCompliant with law. No concern on the merits of the proposed appointee. Governance Concern: Holding combined position of Chairman & Managing Director; Board is non-compliant with the requirement of requisite number of Independent Directors & Woman Director/ Woman Independent Director; Delayed shareholder’s approval.

  14 for7 against
• Appointment of Shri Sanjeev Kumar Sinha (DIN: 10993006) as Director (Operations) of the Company with effect from 09.03.2025 in terms of Ministry of Mines' Order No. Met.3-10/4/2023-Met.III dated 07.03.2025MoreLess

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual FundGovernance Concern: Board is non-compliant with the requirement of requisite number of Independent Directors & Woman Director/ Woman Independent Director; Delayed shareholder’s approval.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundCompliant with law. No concern on the merits of the proposed appointee. Governance Concern: Board is non-compliant with the requirement of requisite number of Independent Directors & Woman Director/ Woman Independent Director; Delayed shareholder’s approval.

  14 for7 against
• Appointment of Shri RVN Vishweshwar (DIN: 09518994) as Director (Finance) of the Company with effect from 29.07.2025 in terms of Ministry of Mines' Order No. Met3-10/1/2024-METAL III dated 25.07.2025

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual FundGovernance Concern: Board is non-compliant with the requirement of requisite number of Independent Directors & Woman Director/ Woman Independent Director.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundCompliant with law. No concern on the merits of the proposed appointee. Governance Concern: Board is non-compliant with the requirement of requisite number of Independent Directors & Woman Director/ Woman Independent Director.

  14 for7 against
• Appointment of Shri Ashish Saxena (DIN: 11009696) as Government Nominee Director of the Company with effect from 20.03.2025 in terms of Ministry of Mines' Order F. No. 10/2/2002-Met.III dated 19.03.2025MoreLess

  ›Against Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Bank of India Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Jio BlackRock Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, UTI Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual FundGovernance Concern: Board is non-compliant with the requirement of requisite number of Independent Directors and Woman Director/ Woman Independent Director; Delayed shareholder’s approval.
  • Axis Mutual Fund, Bank of India Mutual Fund, Jio BlackRock Mutual FundAshish Saxena, 36, is an Indian Statistical Service Officer (2012 batch) and Deputy secretary, Ministry of Mines, GoI. Previously, he was the Director, Co-ordination & Quality Control Division (C&QCD), National Statistics Office, Ministry of Statistics & Programme implementation (MoSPI), Government of India and Deputy Director, Ministry of Rural Development. While his appointment is in line with the statutory requirements, we are unable to support the resolution because the board composition is not compliant with regulations on independent director’s representation. We expect the Ministry of Mines to first address the board composition, before appointing its nominees to the board. Further, while it is unclear if he would be liable to retire by rotation, we take comfort from the fact that amendments to SEBI LODR build sufficient guardrails around the issue of board permanency, and he will have to be reappointed after five years. We do not support the resolution.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundCompliant with law. No concern on the merits of the proposed appointee. Governance Concern: Board is non-compliant with the requirement of requisite number of Independent Directors and Woman Director/ Woman Independent Director; Delayed shareholder’s approval.
  • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
  • Nippon India Mutual FundGovernance Concern: Board is non-compliant with the requirement of requisite number of Independent Directors and Woman Director/ Woman Independent Director. Delayed shareholders’ approval.
  • UTI Mutual FundAshish Saxena, 36, is an Indian Statistical Service Officer (2012 batch) and Deputy secretary, Ministry of Mines, GoI. Previously, he was the Director, Co-ordination & Quality Control Division (C&QCD), National Statistics Office, Ministry of Statistics & Programme implementation (MoSPI), Government of India and Deputy Director, Ministry of Rural Development. While his appointment is in line with the statutory requirements, we are unable to support the resolution because the board composition is not compliant with regulations on independent director’s representation. We expect the Ministry of Mines to first address the board composition, before appointing its nominees to the board. We do not support the resolution.

  8 for13 against
• Appointment of Shri Avinash Janardan Bhide (DIN: 09388571) as Non-Official Independent Director of the Company with effect from 01.04.2025 in terms of Ministry of Mines' Order Met. 3-10/2/2020-Met.III dated 01.04.2025MoreLess

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual FundNo cooling-off period of 3 years post cessation of previous directorship, no consecutive terms between the two appointments. Governance concern: Delayed Shareholders’ approval; Term of appointment is ambiguous.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundNo concern on the merits of Director. Non-Compliance with the Companies Act: No cooling-off period of 3 years post cessation of previous directorship, no consecutive terms between the two appointments. Governance concern: Delayed Shareholders’ approval; Term of appointment is ambiguous and against spirit of the law.

  14 for7 against
• Appointment of M/s S Basu & Associates as Secretarial Auditor of HCL for carrying out Secretarial Audit and for furnishing Annual Secretarial Compliance Report for a period of five years i.e. FY 2025-26, 2026-27, 2027-28, 2028-29 and 2029-30MoreLess

  21 for0 against
• Ratification and confirmation of the remuneration to be paid to Cost Auditor of the Company, M/s Chatterjee & Co., Cost Accountants for FY 2025-26

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual FundGovernance Concern: Non-Compliant Audit Committee.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundCompliant with law. Governance Concern: Audit committee is non-compliant with SEBI LODR Regulations.

  14 for7 against
• Approval to offer, issue and allot secured or unsecured non-convertible debentures or bonds on private placement basis

  21 for0 against

• Fine or penaltyBSE Ltd and National Stock Exchange of India LtdSince 27 May 2026

  Email dated 27.05.2026 received from BSE and Letter No NSE/LIST-SOP/ COMB/ FINES/0611 dated 27.05.2026 received from NSE vide which both the Exchanges have imposed fine of Rs.9,55,800/- each for non-compliance of provisions of SEBI Listing Regulations pertaining to composition of the Board and Constitution of Committees for the quarter ended 31.03.2026. Company requested administrative Ministry to appoint the vacant posts of directors on the Board of HCL

  Non-compliance of Regulation 17(1), 18(1) and 19(1) & (2) of SEBI (LODR) Regulations, 2015 pertaining to composition of the Board and Constitution of Committees for the quarter ended 31.03.2026
• Tax disputeNational E-Assessment Centre Delhi, Appeal to the commissioner of Income tax appealSince 18 May 2021
  Pending with Commissioner (Appeals)
  At the filing before: Tax Disupute Rs 35.46 crore towards Closing Stock of Raw Materials and Stores and Spares, Written back Provisions aggregating and Disallowing of Sales Tax /VAT along with disallowance made u/s 36(1)(va) of PF Contributions made by HCL on 16.04.2018 instead of 15.04.2018 being Sunday. Status as per Last Disclosure:Pending with Commissioner (Appeals)MoreLess
• Tax disputePanvel Municipal CorporationSince 18 Dec 2021
  The matter has still not been heard and next hearing date is awaited.
  At the filing before: In Maharashtra prior to 2017, Octroi charge was levied for inward material but from 01.01.2017 Octroi was abolished and Local Body Tax (LBT) was levied. In Taloja Copper Project (TCP) of Hindustan Copper Ltd. (HCL), LBT charge was levied on the value of Cathode received at TCP from 01.01.2017 to 31.03.2017 and 01.04.2017 to 30.06.2017. The demand is of approx. Rs.58 crore. Status as per Last Disclosure: The matter has still not been heard and next hearing date is awaited.MoreLess
• Tax disputeRevision Application before the Court of Additional District Judge, Baihar for Case. No. MJC 1 of 2016, Civil Court, Baihar Hindustan Copper Limited, Malanjkhand Copper Project Vs. Municipal Council, MalanjkhandSince 16 Oct 2025
  The matter is pending under AMRCD for Amicable Resolution.
  At the filing before: Malanjkhand Copper Project (MCP), a unit of Hindustan Copper Limited filed an appeal on 12.05.2009 vide Case No. MJC 1 of 2016 before the Civil Court, Baihar challenging notice dated 18.01.2007 received from the Municipal Council, Malanjkhand demanding a sum of Rs.74.87 crore against Terminal Tax with 10 times penalty for the period 2000-2006. Vide final judgment dated 28.07.2025, the Civil Court, Baihar rejected HCL/MCP’s appeal. On 07.05.2025, HCL filed an Application before AS & FA, Ministry of Mines for amicable resolution of the matter under AMRCD. The matter is pending under AMRCD for Amicable Resolution. On 16.10.2025, HCL has filed a Revision Application before the Court of Additional District Judge, Baihar, praying for setting aside the Demand Bill dated 03.01.2007 issued by the Municipal Council, Malanjkhand; and the final judgment dated 28.07.2025 passed by the Civil Court, Baihar in Case No. MJC 01/2016. Status as per Last Disclosure: The matter is pending under AMRCD for Amicable Resolution.MoreLess
• Tax disputeContempt Petition (Civil) No. 628 of 2025, Supreme Court Municipal Council , Malanjkhand Vs. Nagesh ShenoySince 5 Aug 2025
  The matter was last listed on 07.04.2026 and 17.04.2026, but was not taken up as the judge was occupied in another Bench. The next date of hearing is yet to be notified.
  At the filing before: Malanjkhand Copper Project (MCP), a unit of Hindustan Copper Limited filed Special Leave Petition No. 14928 of 2014 before the Supreme Court of India challenging notice dated 31.10.2012 received from the Municipal Council, Malajkhand demanding a sum of Rs.188.68 crore against Terminal Tax with 10 times penalty for the period 2006-2012. Vide Order dated 17.02.2025 Special Leave Petition No. 14928 of 2014, the Supreme Court directed HCL to deposit 50% of Rs.188.68 crore within 8 weeks from 17.02.2025. Subsequently, HCL/MCP filed a Modification Application No. 838 of 2025 in respect of Order dated 17.02.2025 passed by the Supreme Court in SLP (C) No. 14928 of 2014, praying for allowing HCL to deposit Rs. 5.3 crores, which is the difference of Terminal Tax calculated by the Municipal Council, i.e., Rs. 17,18,94,364/- and amount paid by HCL/MCP as per self-assessment, i.e., Rs. 11.88 crores. Vide Order dated 05.05.2025, the Supreme Court dismissed HCL/MCP's application On 14.05.2025, HCL filed an application before the AS & FA, Ministry of Mines, Government of India under the Administrative Mechanism for Resolution of CPSE's Disputes (AMRCD) mechanism to get relief. On 05.08.2025, Municipal Council Malanjkhand filed Contempt Petition (Civil) No. 628 of 2025 against Shri Nagesh Shenoy, ED & Unit Head, HCL/MCP for contempt of Order of the Hon’ble Supreme Court dated 17.02.2025 in SLP (C) No. 14928 of 2014. HCL has filed reply in the matter on 07.10.2025. Status as per Last Disclosure: The next date is yet to be given by the Hon'ble court.MoreLess
• Tax disputeWrit Petition No. 9127 of 2021, Madhya Pradesh High Court, Jabalpur Hindustan Copper Limited, Malanjkhand Copper Project Vs. 1. The State of Madhya Pradesh Principal Secretary Energy Dept. 2.Chief Electrical Inspector, the State of Madhya Pradesh 3. Madhya Pradesh Poorva Kshetra Vidyut Vitran Company Limited (MPPKVVCL) 4. Chief Engineer MPPKVVCLSince 30 Apr 2021
  Last date of hearing was 15.06.2026 wherein the respondents sought adjournment. The next date of hearing is yet to be fixed.
  At the filing before: Malanjkhand Copper Project (MCP), a unit of Hindustan Copper Limited filed Writ Petition No. 9127 of 2021 before the Madhya Pradesh High Court, Jabalpur, claiming Rs.266 crore (approximately), including Rs.263 crore (approximately) as interest on excess Electricity Duty paid by MCP during the period May, 1990 to October, 2016 and Rs.3 crore (approximately) as surcharge. Last date of hearing was 15.06.2026. Status as per Last Disclosure: The Next date of hearing has not been fixed.MoreLess
• Tax dispute1) State Of Jharkhand 2) Secretary, Deptt Of Water Resources (Earlier Known As Irrigation Deptt) 3) Superintending Engineer, Baraj Circle, Subarnrekha Project, Deptt Of Water Resources 4) Executive Engineer, Subarnrekha Canal Division, Deptt Of Water ResourcesSince 29 Aug 2024
  HCL has challenged the demand notice of water resource dept. over consumption of natural river stream water from river Subranrekha at Jharkhand High court. Discuss with Water Resource Department regarding out of court settlement due to non-notification by state government. Case is pending at the admission stage, next date of hearing is 01.09.2026.MoreLess
  At the filing before: Hindustan Copper Ltd had requested Subarnrekha Canal Division, Water Resource Department Ghatshila, Jharkhand to reassess its earlier demand of Rs.216 crore raised for consumption of natural river stream water from river Subranrekha at Jharkhand. The Department has considered request of HCL and vide its Letter dated 19.05.2026 (received on 27.05.2026), has conveyed that on the basis of the data provided by the Company and the departmental water rates issued from time to time, the total outstanding amount from the year 2005 to October, 2025 has been estimated at Rs.87.926 crore. The total outstanding amount from the year 2000-01 to 2005 was Rs.4.247 crore, adding which the total outstanding amount till date has been estimated at Rs.92.166 crore (Water charges Rs.46.623 crore and Penalty of Rs.45.543 crore). The estimated outstanding water tax bill has been provided to Hindustan Copper Ltd for confirmation. The Company is evaluating the calculation made by the Water Resource Department Ghatshila, Jharkhand.MoreLess

In the company's own words, from its latest governance filing.

The board is made up as the listing rules require

No

The board has a regular chairperson

Yes

The company has a risk management committee

Yes

The chair is related to the managing director

No

The filing has a part on fines and penalties

Yes

The filing has a part on tax disputes

Yes

There was a cyber security incident in the quarter

No

The company's own answers in its filing.