Hindustan Zinc Limited announced the appointment of M/s M S K A & Associates LLP as its new statutory auditors for a five-year term, following a board meeting held on April 24, 2026. The decision was made on the recommendation of the company's Audit & Risk Management Committee and is subject to shareholder approval at the upcoming Annual General Meeting.

Regulatory Filing and Compliance

The company has filed the necessary disclosures under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with both BSE Limited and National Stock Exchange of India Limited. The official communication was signed by Aashhima V Khanna, Company Secretary & Compliance Officer, ensuring full regulatory compliance.

Auditor Transition Details

The appointment comes as the second term of the current statutory auditors, M/s S.R. Batliboi & Co. LLP, Chartered Accountants (Firm Registration No. 301003E/E300005), concludes at the end of the 60th Annual General Meeting. The board has approved M/s M S K A & Associates LLP (formerly known as M S K A & Associates), Chartered Accountants (Firm Registration No. 105047W/W101187), to take over the statutory audit responsibilities.

About the New Auditors

M/s M S K A & Associates LLP brings substantial experience to the role, having been established in 1978. The firm is registered with the Institute of Chartered Accountants of India (ICAI) and the PCAOB (US Public Company Accountancy Oversight Board), demonstrating its capability to handle complex audit requirements.

The audit firm maintains a significant presence across India with offices in 12 cities including Mumbai, Gurugram, Chandigarh, Kolkata, Ahmedabad, Chennai, Goa, Pune, Bengaluru, Kochi, Hyderabad, and Coimbatore. The firm holds a valid peer review certificate, ensuring compliance with professional standards.

Service Capabilities and Experience

M/s M S K A & Associates LLP provides comprehensive professional services to its clients, with the firm's Audit and Assurance practice having developed significant experience across various industries, markets, and geographies. This positions the firm well to serve Hindustan Zinc's diverse business operations.

The appointment represents a strategic decision by Hindustan Zinc to engage experienced auditors who can support the company's continued growth and ensure robust financial reporting standards. The five-year term provides stability and continuity in the audit process, subject to final approval by shareholders at the upcoming AGM.

Hindustan Zinc announced the outcome of its Board of Directors meeting held on April 24, 2026, approving the audited standalone and consolidated financial results for Q4FY26 and the full year ended March 31, 2026. The company also declared the first interim dividend of ₹11 per equity share for Financial Year 2026-27 and released comprehensive regulatory filings under SEBI Listing Regulations.

Board Meeting Outcomes and Regulatory Filings

The Board meeting commenced at 12:00 Noon and concluded at 2:00 p.m. IST on April 24, 2026. The company formally communicated its financial results disclosure to BSE Limited and National Stock Exchange of India Limited through letter HZL/2026-27/SECY/10. Company Secretary & Compliance Officer Aashhima V Khanna signed the regulatory communication, confirming the press release availability on the company website at www.hzlindia.com .

Auditor's Report and Compliance

The Audit Report for Financial Results from Statutory Auditors M/s S.R. Batliboi & Co. LLP, Chartered Accountants, was submitted in terms of Regulation 33 and 52 of the SEBI Listing Regulations. The report of the Auditors is with unmodified opinion with respect to the Financial Results. The auditors emphasized matters regarding allegations made during the year by a short seller and ongoing regulatory inquiries, noting that management's assessment indicates no adjustments are required to the financial statements.

Financial Performance Highlights

The company reported robust financial performance for Q4FY26 with consolidated revenue from operations of ₹13,544 crore, representing 49% growth from ₹9,087 crore in the corresponding quarter of the previous year. Consolidated net profit for the quarter stood at ₹5,033 crore, compared to ₹3,003 crore in Q4FY25. For the full year FY26, consolidated net profit reached ₹13,832 crore, up from ₹10,353 crore in FY25.

Operational Excellence and Production Records

The company achieved record operational milestones during the quarter. Mined metal production reached 315 Kt in Q4FY26, the best ever quarterly performance, up 14% QoQ and 2% YoY. Refined metal production also hit a record quarterly level of 282 Kt, up 5% QoQ. The company reported its lowest quarterly cost of production (COP) at $903 per tonne, driven by lower power cost due to higher domestic coal usage and softened coal prices.

Dividend Declaration and Fund Utilization

The Board declared the first interim dividend of ₹11 per equity share for Financial Year 2026-27, representing 550% on the face value of ₹2 per share. The total dividend amount reaches ₹4,648 crore with the record date fixed as April 30, 2026. The company also provided compliance details under Regulation 52(7) and 52(7A) regarding the utilization of ₹1,400 crore raised through Non-Convertible Debentures in February 2026.

Regulatory Matters and Management Response

The auditor's report highlighted ongoing matters related to allegations made by a short seller against Vedanta Group entities including Hindustan Zinc Limited. Management continues to believe that these allegations are baseless and that transactions have appropriate commercial substance with necessary approvals. Information sought by regulators and authorities have been duly provided by the company, with no further communication received as of the reporting date.