Hindustan Copper Ltd has announced that during its upcoming 57th Annual General Meeting (AGM) scheduled for September 26, 2024, it will seek shareholder approval for a significant financial move. The company plans to propose special resolutions to authorize the Board to offer, issue, and allot secured or unsecured non-convertible debentures or bonds.
The proposed issuance will be conducted on a private placement basis and will not exceed ₹500 crore. This decision aims to bolster the company’s financial flexibility and support its strategic objectives.
The announcement is made in accordance with Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shareholders will have the opportunity to vote on this proposal during the AGM.
This step reflects Hindustan Copper Ltd’s ongoing efforts to manage its capital requirements and support its growth initiatives. Further details on the terms and conditions of the debentures or bonds will be provided as the proposal progresses.
