Hindustan Copper Limited has informed the Exchange that Board of Directors at its meeting held on May 15, 2026, recommended Final Dividend of Rs. 1.86 per equity share.
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Hindustan Copper Limited's Board approved FY26 standalone profit of Rs. 920.67 crore and consolidated profit of Rs. 918.54 crore. The Board recommended a final dividend of Rs. 1.86 per share (face value Rs. 5), adding to the Rs. 1.00 interim dividend already paid in March 2026, bringing total FY26 dividend to Rs. 2.86 per share. Full-year revenue from operations was Rs. 3,077.92 crore with EPS of Rs. 9.52. The company also proposed raising up to Rs. 500 crore via NCDs/bonds and up to 96.97 crore equity shares via QIP to fund capex/expansion plans approved by CCEA. Auditors issued unmodified opinion but flagged non-compliance with Companies Act regarding lack of Independent Directors and Woman Director.
The dividend declaration signals strong cash generation and is positive for income-focused investors. The QIP proposal for nearly 97 crore shares could be dilutive to existing shareholders if fully utilized, though it funds growth plans. Investors should monitor the AGM for shareholder approvals on all proposals.