Hindustan Copper share price is likely to be in focus on June 27, after the company formalised a tripartite agreement involving Alankit Assignments Ltd.
Hindustan Copper Ltd (HCL) executed a tripartite agreement with Alankit Assignments Ltd and CB Management Services (P) Ltd. This development was communicated to stock exchanges on June 26, 2025, following an earlier notification dated June 13, 2024. The agreement formalises the change of registrar and outlines the responsibilities of both the incoming and outgoing agents during the handover process.
Alankit Assignments Ltd, the newly appointed RTA, is a SEBI-registered intermediary with extensive experience in providing RTA and investor-related services. The appointment indicates a focus on enhancing operational efficiency and investor communication for Hindustan Copper. Their systems are expected to bring digital enhancements and improved turnaround times.
CB Management Services (P) Ltd, the previous RTA, will assist in transferring all records and facilitating a smooth migration to Alankit Assignments. Their cooperation is crucial to ensure that no disruption occurs in dividend processing, share transfers, or grievance redressal during this transition phase.
Recently, Hindustan Copper Ltd has executed an MoU with Rites Limited to secure a rapid, reliable and sustainable supply chain of metals and minerals, including critical minerals. The main objective of this MoU is to jointly participate in copper, critical minerals block auctions, develop and operationalise blocks for exploration and mining, and transportation and share associated risks.
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For existing shareholders of Hindustan Copper, there will be no immediate action required. All shareholding records, dividend details, and service histories will be transferred automatically to the new RTA. Investors can expect further communication from Alankit Assignments Ltd on updated contact details and service channels in the coming weeks.
Hindustan Copper Ltd is a Government of India enterprise under the Ministry of Mines. It is the only vertically integrated copper producer in the country involved in mining, beneficiation, smelting, refining, and continuous cast rod production. Its headquarters is located at Tamra Bhavan, Kolkata.
On June 26, 2025, Hindustan Copper share price opened at ₹260.70 on NSE, above the previous close of ₹259.22. During the day, it surged to ₹272.90 and dipped to ₹257.71. The stock closed at ₹272.08 by the end of the day. The stock registered a significant gain of 4.96%.
Over the past week, it has moved up by 9.41%, over the past month, it has moved up by 8.26%, and over the past 3 months, it has moved up by 20.65%.
Hindustan Copper Ltd decision to appoint Alankit Assignments as its new Registrar and Transfer Agent marks a regulatory-compliant transition aimed at streamlining investor services. The tripartite agreement ensures a smooth handover from CB Management Services, securing continuity and improved service for stakeholders.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in securities are subject to market risks. Read all related documents carefully before investing.
Published on: Jun 27, 2025, 9:55 AM IST
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