Hindustan Zinc Limited company name appointed Amarendu Prakash as Chief Executive Officer and Whole-time Director, effective August 1, 2026. The Board of Directors approved the appointment on July 24, 2026, following a recommendation from the Nomination and Remuneration Committee. This leadership change brings a seasoned executive with over three decades of experience in the steel industry to helm the zinc major, potentially influencing its strategic direction and operational execution. The appointment remains subject to shareholder approval.

The Board meeting commenced at 12:00 noon and concluded at 2:05 p.m. IST on July 24, 2026. In addition to his executive role, Mr. Prakash will serve as a member of the Sustainability & ESG Committee, Stakeholders Relationship Committee, Committee of Directors, and Project Committee starting August 1, 2026. The company disclosed the outcome pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Prakash joins Hindustan Zinc from Steel Authority of India Limited (SAIL), where he served as Chairman & Managing Director. During his tenure at SAIL, he led the organization's transformation agenda, focusing on capacity expansion, operational excellence, digitalization, and sustainability initiatives. Prior to this role, he held key leadership positions, including Director (In-Charge) of the Burnpur and Bokaro Steel Plants. A Metallurgical Engineer from BIT Sindri, he joined SAIL in 1991.

The company confirmed that Mr. Prakash is not related to any director of Hindustan Zinc and is not debarred from holding office by SEBI or any other authority. These disclosures align with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, as well as circulars from BSE and NSE regarding director appointments.

Updated Key Managerial Personnel

Effective August 1, 2026, the revised list of Key Managerial Personnel authorized to determine materiality and make disclosures under SEBI Listing Regulations includes:

• Amarendu Prakash, CEO & Whole-time Director
• Amit Gupta, Chief Financial Officer
• Aashhima V Khanna, Company Secretary & Compliance Officer

Strategic Implications

The appointment signals a shift in leadership strategy for Hindustan Zinc, leveraging Mr. Prakash’s extensive background in large-scale industrial operations and transformation. His experience in driving digitalization and sustainability at SAIL may inform Hindustan Zinc’s own ESG and operational goals. Shareholders will vote on the appointment at a future general meeting, finalizing the transition.

Hindustan Zinc Limited disclosed on July 23, 2026, that its promoter group entities entered into a facility agreement with a total maximum commitment of US$ 2,250,000,000. The agreement, executed on July 20, 2026, involves Twin Star Holdings Ltd as the borrower and Vedanta Resources Limited as the guarantor. While Hindustan Zinc is not a party to the deal, it faces specific restrictions on asset sales, investments, and security creation once the facility is first utilized. The company stated that no direct liabilities have been imposed on it, and the transaction does not impact its management or control.

The disclosure was made under Regulations 30 and 30A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR), read with Clause 5A, Para A, Part A, Schedule III of the LODR. The intimation was received from the promoter group entities of Vedanta Limited, the holding company of Hindustan Zinc. As of the disclosure date, the commitment from original lenders stood at US$ 1,545,000,000, with an increase mechanism available for up to US$ 705,000,000.

Parties and Lenders

The facility agreement involves multiple entities within the Vedanta group and several international financial institutions. Key parties include:

Purpose and Terms

The proceeds from the facility are intended for the repayment of financial indebtedness of the Vedanta Resources Limited Group, payment of accrued interest, fees, costs, and general corporate purposes. The agreement explicitly prohibits the use of proceeds to finance thermal coal infrastructure or in violation of anti-bribery laws. It includes standard representations, warranties, affirmative and negative covenants, and events of default such as non-payment and insolvency.

Impact on Hindustan Zinc

Hindustan Zinc is subject to certain "identified clauses" that become effective from the first utilization date. These restrictions limit the company's ability to create security over assets, sell assets outside the ordinary course of business, or invest in sectors unrelated to mining, metals, coal, oil, gas, infrastructure, power, or energy. Immediate restrictions prohibit entering into material contracts outside the ordinary course of business without arm's length terms. The company confirmed that it holds no shareholding in the entities party to the agreement.