Hindustan Zinc Limited has announced the resignation of Mr. Sandeep Modi from the position of Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company. The resignation was tendered via letter dated May 04, 2026, received via email at 10:14 AM (IST), and will take effect from the close of business hours on May 30, 2026. Mr. Modi cited the intent to pursue career opportunities outside the Company as the reason for his departure, confirming that there is no other material reason for his resignation.

Disclosure Under SEBI Listing Regulations

The disclosure was made pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing, referenced as HZL/2026-27/SECY/21 and dated May 04, 2026, was submitted to both BSE Limited and the National Stock Exchange of India Limited. The Company also referenced SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 in connection with the disclosure requirements.

Key Details of the Cessation

The following table summarises the key particulars of Mr. Sandeep Modi's cessation as disclosed under the applicable regulatory framework:

Regulatory and Operational Implications

Consequent to the resignation, Mr. Sandeep Modi will cease to be a Key Managerial Personnel of the Company under Section 203 and other applicable provisions of the Companies Act, 2013. Hindustan Zinc has stated that it will make the necessary intimation to stock exchanges regarding the appointment of a new Chief Financial Officer in accordance with applicable regulatory requirements. Mr. Modi, in his resignation letter addressed to the CEO & WTD at Yashad Bhawan, Udaipur, expressed commitment to ensuring a smooth transition and full cooperation for handover.

Company's Acknowledgement

Hindustan Zinc placed on record its sincere appreciation for Mr. Sandeep Modi's valuable contributions during his tenure and extended best wishes for his future endeavours. The disclosure was signed by Ms. Aashhima V Khanna, Company Secretary & Compliance Officer, on May 04, 2026.

Hindustan Zinc Limited has received an administrative warning letter from the Securities and Exchange Board of India (SEBI) for regulatory non-compliance. The warning, dated April 30, 2026, addresses violations of multiple provisions under the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Nature of Non-Compliance

The regulatory warning specifically targets non-compliance with four key regulations:

The violations are read in conjunction with Ind-AS-24, which deals with related party disclosures. According to the company's official disclosure, the non-compliance pertains to certain procedural aspects of Audit Committee approvals and disclosure requirements.

Timeline and Communication Details

The administrative warning covers violations spanning across two financial years:

Regulatory Impact and Penalties

SEBI has not imposed any monetary penalties or sanctions on Hindustan Zinc Limited for these violations. The regulatory action is limited to an administrative warning, indicating the procedural nature of the non-compliance issues.

Company Response and Future Compliance

Hindustan Zinc has acknowledged the regulatory communication and outlined its commitment to maintaining compliance standards. SEBI has advised the company to exercise caution in future operations and implement corrective measures.

The company has been specifically directed to forward Board and Audit Committee comments to stock exchanges upon satisfaction of corrective actions undertaken to ensure future compliance. In its response, Hindustan Zinc stated that it continues to adhere to the highest standards of governance and compliance and remains committed to maintaining these standards.

Disclosure Requirements

The company made this disclosure pursuant to Regulation 30 of the SEBI Listing Regulations, which mandates disclosure of material events and information. The disclosure was signed by Company Secretary and Compliance Officer Aashhima V Khanna on May 01, 2026, ensuring compliance with the regulatory timeline for such communications. The disclosure was submitted to both BSE Limited and National Stock Exchange of India Limited with scrip code 500188 and trading symbol HINDZINC respectively.