Hindustan Zinc has informed stock exchanges that its Board of Directors reviewed an administrative warning letter issued by the Securities and Exchange Board of India (SEBI). The disclosure, made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, addresses regulatory observations regarding inadvertent non-compliances by the company.

The Board meeting, held on July 24, 2026, commenced at 12:00 Noon and concluded at 02:05 p.m. IST. During the session, the Audit and Risk Management Committee and the Board considered the warning letter issued by SEBI vide letter no. HO/(163)2026-CFIDSEC2 dated April 30, 2026. This follows an earlier intimation sent to exchanges vide letter no. HZL/2026-27/SECY/20 dated May 01, 2026.

The committee and the Board were apprised of the background and circumstances surrounding the observations made by SEBI. Upon review, they noted that the identified non-compliances were inadvertent in nature. The Board reaffirmed the company's commitment to maintaining high standards of corporate governance and regulatory compliance.

Corrective Actions and Governance

The Board further reviewed the corrective measures undertaken by Hindustan Zinc to address the observations contained in SEBI's letter. The committee and the Board expressed satisfaction with the actions taken. The warning letter was placed before the Committee and the Board in accordance with SEBI's directions.

The intimation was signed by Aashhima V Khanna, Company Secretary & Compliance Officer of Hindustan Zinc Limited.

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.