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.

Hindustan Zinc Limited, the world's largest integrated zinc producer, will announce its financial results for the first quarter ended June 30, 2026, on July 24, 2026. The company will subsequently hold an earnings conference call on the same day at 16:00 hours IST, where senior management will discuss the results and operational performance. This disclosure is made pursuant to Regulation 30 read with Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The earnings call will provide a platform for the management to elaborate on the financial outcomes for the period. Investors can access the results on the company's official website following the announcement.

Conference Details

The conference call is scheduled for Friday, July 24, 2026, at 16:00 hours IST. Participants are advised to dial in at least 5–10 minutes prior to the scheduled start time. Key details for participation are outlined below:

Investor Contacts

For further information regarding the results or the conference call, investors may contact the following officials:

• Raksha Jain, Director - Investor Relations, raksha.jain@vedanta.co.in
• Maitreyee Sankhla, Head Corporate Communications, maitreyee.sankhla@vedanta.co.in
• Rahul Challa, Deputy Manager - Investor Relations, hzl.ir@vedanta.co.in