Hindustan Zinc Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 25, 2025
HINDZINC · price
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Hindustan Zinc held its 59th AGM on August 25, 2025, via video conferencing, with 117 members in attendance. All 10 resolutions were passed, including adoption of FY25 audited financials, confirmation of interim dividends, re-appointment of Chairperson Priya Agarwal and CEO Arun Misra, and ratification of statutory and secretarial auditors. The Chairperson highlighted strong FY25 performance — ROCE of 58%, ROE of 73%, and market cap growth from ₹237 crore to ₹1.80 lakh crore over 23 years (around 30% CAGR). The company announced a major expansion plan to double production capacity to 2 million tonnes, backed by ₹30,000–35,000 crore investment over 3–5 years, with a first-phase 250 KTPA smelter requiring nearly ₹12,000 crore. Hindustan Zinc also became the first Indian member of the International Council on Mining and Metals (ICMM) and is moving into critical minerals such as rare earth elements, copper, and lithium.
All resolutions, including the dividend confirmation and leadership re-appointments, were passed smoothly, reflecting shareholder confidence. The ₹30,000–35,000 crore capex plan and diversification into critical minerals could drive long-term growth, but the large investment programme may also pressure near-term returns.