05-Oct-2026 11:52:54
VEDANTA LIMITED : DISCLOSURE UNDER TAKEOVER REGULATIONS
• Disclosure made by Vedanta Limited concerning Hindustan Zinc Limited (HZL) equity shares. • Vedanta Limited has issued unsecured, listed, rated, redeemable, non-convertible Debentures of ₹2,000 Crore. • Axis Trustee Services Limited appointed as Debenture Trustee, with a Debenture Trust Deed dated September 28, 2026. • Terms require Vedanta to remain legal and beneficial owner of 50.1% of HZL's share capital and control HZL until redemption. • Vedanta is restricted from creating security over or disposing of 50.1% of HZL's issued share capital or voting rights. • These provisions are considered an "encumbrance" under Takeover Regulations. Impact: Neutral (Routine corporate filing regarding encumbrance of shares as per regulatory requirements.)
Hindustan Zinc Ltd
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