Hindustan Copper AGM 2026: ₹1.86 dividend, QIP, NCD

What happened at Hindustan Copper’s 59th AGM

Shareholders of Hindustan Copper Limited met for the company’s 59th Annual General Meeting (AGM) on September 23, 2026. The AGM and related filings drew attention because they combined a final dividend for FY 2025-26 with proposals that would enable fresh fundraising.

Regulatory updates around the meeting also included the submission of the AGM notice, and newspaper clippings related to the AGM notice, book closure or record date, and e-voting. The clippings were stated to have been published in Financial Express and Sangbad Pratidin on August 28, 2026, after dispatch of the AGM notice.

Dividend approved: ₹1.86 per share for FY 2025-26

At the AGM held on September 23, 2026, shareholders approved payment of a final dividend for FY 2025-26 at ₹1.86 per equity share. The dividend was recommended by the Board and relates to equity shares with a face value of ₹5 each.

The filings also describe this as a 37.2% dividend on the face value of the share. The company stated the dividend would be paid after shareholder approval at the AGM.

Dividend record date, book closure, and payment date

The company fixed Wednesday, September 16, 2026 as the record date for the final dividend. The eligibility language in the regulatory filing specifies that the dividend will be paid to shareholders whose names appear in the Register of Members up to the record date.

For shares held in dematerialised form, eligibility will be based on beneficial ownership details provided by the depositories. The updates also note that, because the stock follows the T+1 settlement cycle, investors looking to qualify would need to buy the shares by September 15, 2026. The stock was expected to trade ex-dividend on September 16, 2026.

The dividend payment date was stated as October 16, 2026.

Key AGM dates and e-voting window

The AGM notice sets out the book closure period and the remote e-voting window through NSDL. Members holding shares as on the record date may cast votes via NSDL’s e-voting platform.

The company also provided a channel for shareholders seeking a physical copy of the notice, via email to investors_cs@hindustancopper.com with folio or DP and client details.

Fundraising items: QIP and ₹500 crore NCD proposal

Apart from dividend-related business, shareholders were to review enabling resolutions for fundraising at the AGM. The company planned to seek approval for a Qualified Institutional Placement (QIP) and a debt issuance programme.

The QIP proposal was described as an issue of up to 9,69,76,680 equity shares. The AGM notice noted that this would utilise the balance from an earlier 2021 resolution after the first tranche was completed.

Separately, the board recommended raising up to ₹500 crore through secured or unsecured non-convertible debentures (NCDs) or bonds on a private placement basis. The updates also mention this would be within an overall borrowing limit of ₹2,500 crore.

Expansion context cited in the AGM-related updates

The stated rationale for the capital raise, as described in the updates, was to fund expansion plans approved by the Cabinet Committee on Economic Affairs (CCEA). The references to capex and CCEA-approved expansion plans indicate that the fundraising proposals were positioned as enabling steps, rather than immediate operational announcements.

Because the QIP and NCD proposals were placed before shareholders, the meeting agenda effectively combined a cash return to shareholders through dividend with flexibility to raise capital for planned expenditure.

Other AGM business: board appointments listed in the notice

The AGM notice outlined ordinary and special business items that also included board-related resolutions. It referenced the regularisation or appointment of the following directors:

• Anupam Misra as Chairman and Managing Director
• Ghanshyam Das Gupta as Director (Mining)
• Kulveer Singh Yadav as Government Nominee Director
• Independent directors Ashish Kumar Khetan and Madhumita Daolagupu

These items were listed alongside the dividend declaration and fundraising resolutions in the AGM-related updates.

Market snapshot: where the stock was trading

Price data included in the update showed Hindustan Copper’s share price around the ₹508 level in the days around the AGM. One snapshot stated the stock last traded at ₹508.20, up 0.85% from the previous close of ₹503.95.

Other price points mentioned include an open of ₹509.60, a previous close of ₹503.90, and an intraday range that referenced ₹507.30 and ₹521.75. A separate quote line showed ₹513 at around 4:01 p.m. on September 23, 2026.

Shareholding pattern shown in the update

The provided shareholding table shows promoters holding 66.14% consistently across Sep 2025, Dec 2025, Mar 2026, and Jun 2026. Pledge was shown as 0.00% across the same quarters.

Foreign institutional investors (FII) were listed at 5.96% in Jun 2026, compared with 6.34% in Mar 2026 and 6.56% in Dec 2025. Domestic institutional investors (DII) were listed at 4.84% in Jun 2026, down from 5.39% in Mar 2026.

Mutual funds were shown at 0.96% in Jun 2026, while the “Others” category was 23.06% in Jun 2026.

Why the dates matter for dividend eligibility

The record date and settlement cycle determine who receives the dividend. The updates explicitly connect eligibility to names on the register of members by the record date, and to depository ownership data for demat holdings.

The same set of details also points to the practical deadline for investors: with T+1 settlement, shares needed to be bought by September 15, 2026 to qualify, and the stock was expected to trade ex-dividend on September 16, 2026.

Conclusion

Hindustan Copper’s September 23, 2026 AGM brought together three key shareholder decisions: approval of the FY 2025-26 final dividend of ₹1.86 per share, consideration of a QIP of up to 9,69,76,680 equity shares, and an enabling resolution to raise up to ₹500 crore through NCDs or bonds.

With the record date set for September 16, 2026 and the payment date stated as October 16, 2026, the next concrete milestone for shareholders from these disclosures is the scheduled dividend payout, alongside outcomes of the enabling fundraising resolutions placed at the AGM.