Annual Report for FY 2025-26 of Hindustan Copper Ltd is submitted.

No. SCY/CA/59/2026 27.08.2026 To, To, BSE Limited National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G Dalal Street Bandra-Kurla Complex, Bandra (East) Mumbai 400 001 Mumbai 400 051 BSE Scrip Code: 513599 NSE Symbol: HINDCOPPER Sub: Annual Report 2025-26 of Hindustan Copper Ltd Sir / Madam, In terms of Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a copy of Annual Report 2025-26 of the Company is submitted for information and record please. The said Annual Report 2025-26 is also available at the Company's website at hindustancopper.com/Upload/Reports/0-639233596169537500- AnnualReport.pdf and on the website of NSDL (the e-voting Agency for 59th AGM) at www.evoting.nsdl.com. Thanking you, Yours faithfully, (Mritunjay Kumar Dev) Company Secretary & Compliance Officer Encl. as stated फोन Tel: 2283-2226 (Hunting). वेब Web: www.hindustancopper.com, ईमेल Email: investors_cs@hindustancopper.com Schedule "A" CPSE under Ministry of Mines, Govt. of India STATUTORY AUDITOR CONTENTS PAGE NO M/s. P.A. Associates, Chartered Accountants, Bhubaneswar Chairman's Message 02 COST AUDITOR Board of Directors & Senior Management 04 M/s. Chatterjee & Co., Kolkata SECRETARIAL AUDITOR Notice to the Members 15 M/s. S. Basu & Associates, Kolkata Report of the Board of Directors 37 BANKERS Annexure-I – Management Discussion and State Bank of India Analysis Report Punjab National Bank HDFC Bank Annexure-II – Form No. AOC-2 67 Axis Bank Annexure-III – Statement of Particulars in Terms ICICI Bank of Rule 8 (3) of the Companies (Accounts) 68 Indian Overseas Bank IDBI Bank Rules, 2014 South Indian Bank Annexure-IV – Annual Report on CSR Activities 70 REGISTRAR AND TRANSFER AGENT Annexure-V – Corporate Governance Report 76 Alankit Assignments Ltd. 205-208, Anarkali Complex, Annexure-VI – Secretarial Audit Report 91 Jhandewalan Extension, New Delhi-110055 Ten years at a glance 94 Email ID: rta@alankit.com Phone: 011 42541234 Independent Auditor's Report, Comments of the REGISTERED AND CORPORATE OFFICE Comptroller & Auditor General of India and 95 Financial Statements (Standalone) ‘Tamra Bhavan’ 1 Ashutosh Chowdhury Avenue Kolkata-700 019, India Independent Auditor's Report, Comments of the Tel No. : (033) 2283 2226, 2202 1000 Comptroller & Auditor General of India and 178 E-mail : investors_cs@hindustancopper.com Financial Statements (Consolidated) CIN : L27201WB1967GOI028825 Website : www.hindustancopper.com UNITS/OFFICE LOCATIONS Malanjkhand Copper Project (MCP) Khetri Copper Complex (KCC) Indian Copper Complex (ICC) P.O. : Malanjkhand P.O. : Khetri Nagar P.O. : Ghatsila Dist.: Balaghat Dist.: Jhunjhunu Dist.: Singhbhum Madhya Pradesh Rajasthan Jharkhand Pin: 481116 Pin: 333504 Pin: 832103 Taloja Copper Project (TCP) Gujarat Copper Project (GCP) Regional Sales Office North (RSON) P.O. : Taloja 747, GIDC Industrial Area ‘Scope Minar’ Dist.: Raigad P.O. : Jhagadia 2nd Floor, North Tower, Maharashtra Dist.: Bharuch Laxmi Nagar Pin: 410208 Gujarat Delhi-110092 Pin: 393110 Important Communication of Members Members are requested to convert their shares into electronic mode and register e-mail and Bank account details for better servicing. Please refer notes to AGM notice. Fifty Nine Annual General Meeting on Wednesday, 23rd September, 2026 at 10:30 A.M. Dear Shareholders These near-term factors are supported by long-term structural It is my privilege to present the 58th Annual Report of Hindustan demand, reinforcing copper's central role in the global energy transition. Copper Limited (HCL) for FY 2025–26. The year was defined by rapid shifts in the global economy, evolving geopolitical realities For India, ensuring a reliable domestic supply of copper is and the growing importance of critical minerals. Against this becoming increasingly important. As the country's only backdrop, HCL delivered its strongest financial and operational integrated copper mining company, HCL has a unique performance to date, reaffirming its position as India's only opportunity and responsibility to support national priorities while integrated copper mining company and an important contributor creating long-term value for stakeholders. to the country's resource security. Our Physical & Financial Performance While global growth remained resilient, supply-chain The year under review marked an important milestone in HCL's realignments, geopolitical tensions and technological disruption growth journey. The Company recorded its highest-ever continued to reshape industrial priorities. Artificial intelligence, Revenue from Operations, Profit Before Tax and Profit After Tax. electrification, renewable energy and digital infrastructure are Revenue grew to ₹3,077.92 crore, Profit Before Tax reached accelerating demand for critical minerals, making copper one of ₹1,232.73 crore and Profit After Tax increased to ₹920.67 crore. the world's most strategically important resources. India, EBITDA margin improved to 48.7 per cent, reflecting higher supported by robust domestic demand and sustained public operational efficiency, disciplined cost management and investment, continued to be among the fastest-growing major favourable market conditions. economies, creating a favourable environment for infrastructure Operationally, the Company achieved its highest Metal-in- and manufacturing-led growth. Concentrate production in seven years and its highest sales in Global Copper Market: Demand–Supply Outlook five years. Copper ore production reached 36.72 Lakh tonnes, FY 2025–26 witnessed a significant tightening in the global supported by improved mine planning and productivity. Market copper market. Temporary supply disruptions at major capitalization has witnessed a twofold increase since last international mines, coupled with strong demand from renewable year.Khetri Copper Complex delivered a strong increase in energy, electric vehicles, power transmission, data centres and production, Indian Copper Complex resumed mining operations advanced manufacturing, pushed copper prices to record levels. and dispatched its first rake of concentrate after three years, while corrective measures have been initiated at Malanjkhand management. Projects such as solar power installations, battery- Copper Project to address geological challenges and restore operated mining equipment, paste backfill technology and water production momentum. recycling systems reflect the Company's commitment to responsible mining. Alongside environmental stewardship, HCL Growth & Expansion Roadmap remains committed to improving education, healthcare, HCL's focus extends well beyond current performance. The livelihood generation, women empowerment and infrastructure Company has embarked on an ambitious expansion programme in communities around its operations. to increase ore production capacity from around 4 million tonnes Roadmap and Way Forward per annum to nearly 12.2 million tonnes per annum by FY2030. This growth strategy combines brownfield expansion, The long-term outlook for copper remains exceptionally strong. development of new mines, revival of legacy assets, exploration Growing investments in clean energy, electrification, digital and modern mining infrastructure. infrastructure and advanced manufacturing are expected to sustain global demand for decades. HCL is well positioned to During the year, mining resumed at Kendadih Mine, pre-mining capitalise on these opportunities through capacity expansion, activities progressed at Rakha Mine and infrastructure upgrades technology adoption, operational excellence and responsible continued at Kolihan Mine. HCL also strengthened its exploration resource development. programme across mineral-rich regions and emerged as the preferred bidder for the Baghwari–Khirkhori Copper Block. As we move forward, our priorities remain clear: strengthen Internationally, the Company continues to explore overseas India's copper security, en [Showing first 8,000 characters — download PDF for full document]