Hindustan Zinc searched by Enforcement Directorate under FEMA

The Directorate of Enforcement conducted a search operation at Hindustan Zinc from June 1, 2026, to June 3, 2026, under the provisions of the Foreign Exchange Management Act, 1999. The regulatory action concluded at 04:10 AM on June 3. The company disclosed that the search was initiated at its premises and confirmed that its officers provided all necessary information, documents, and clarifications as sought by the Enforcement Directorate during the process.

The disclosure was made to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that the specific details regarding any violations or contraventions alleged by the authority were referenced in the communication regarding the nature of the search. Hindustan Zinc affirmed that it cannot ascertain the details of any penalty, restriction, or sanction at this stage.

Impact Assessment

Hindustan Zinc clarified that the search operation has no quantifiable impact on its financial, operational, or other activities. The company indicated that it will take appropriate action in due course regarding the matter. The following table summarizes the key details of the regulatory communication:

Sr. No.	Particulars	Details
a	Name of the listed entity	Hindustan Zinc Limited
b	Type of communication received	Investigation under Foreign Exchange Management Act, 1999
c	Name of the Authority	The Directorate of Enforcement
d	Nature of action	Search operation conducted at premises of the Company
e	Details of aberrations/non-compliances	Search conducted under provisions of FEMA 1999
f	Details of penalty or restriction	Cannot be ascertained at this point of time
g	Period applicable	Not Applicable
k	Impact on activities	There is no impact on financial, operation or other activities of the Company

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.10%	-6.94%	+1.33%	+19.72%	+28.82%	+85.97%

Hindustan Zinc has approved the extension of Arun Misra’s tenure as CEO & Whole-time Director for a period of two months, effective from June 01, 2026, to July 31, 2026. This decision, taken during the board meeting on May 29, 2026, is subject to the approval of the shareholders. Additionally, the board appointed Amit Gupta as the Chief Financial Officer and Key Managerial Personnel of the company, with effect from June 01, 2026.

The extension of Mr. Misra’s role follows his tenure as CEO & Whole-time Director since August 1, 2020. His leadership has previously seen Hindustan Zinc ranked first for two consecutive years in S&P Global ratings. The appointment of Mr. Gupta brings over two decades of experience within the Vedanta Group, including recent roles as Deputy CFO and CFO at Vedanta Aluminum Metal Limited.

Key Managerial Personnel Changes

The board approved the following changes to the company's leadership structure based on recommendations from the Nomination and Remuneration Committee and the Audit & Risk Management Committee.

Appointment	Name	Designation	Effective Date
Extension	Mr. Arun Misra	CEO & Whole-time Director	June 01, 2026
New Appointment	Mr. Amit Gupta	Chief Financial Officer	June 01, 2026

Executive Profiles

Mr. Arun Misra has served as the CEO & Whole-time Director since August 2020 and became an Executive Director at Vedanta Limited in August 2023. His career includes a 33-year tenure at Tata Steel, where he last served as Vice President of the Raw Materials Division. He holds a bachelor's degree in electrical engineering from IIT Kharagpur.

Mr. Amit Gupta is a qualified Chartered Accountant with a Diploma in IFRS (ACCA, UK). He has been associated with Vedanta since July 2006, holding leadership roles at Cairn, Vedanta Corporate, and BALCO. His experience includes serving as CFO for Bharat Aluminum Company Limited (BALCO) and Group Head – FP&A.