Hindustan Zinc has approved the extension of Arun Misra’s tenure as CEO & Whole-time Director for a period of two months, effective from June 01, 2026, to July 31, 2026. This decision, taken during the board meeting on May 29, 2026, is subject to the approval of the shareholders. Additionally, the board appointed Amit Gupta as the Chief Financial Officer and Key Managerial Personnel of the company, with effect from June 01, 2026.

The extension of Mr. Misra’s role follows his tenure as CEO & Whole-time Director since August 1, 2020. His leadership has previously seen Hindustan Zinc ranked first for two consecutive years in S&P Global ratings. The appointment of Mr. Gupta brings over two decades of experience within the Vedanta Group, including recent roles as Deputy CFO and CFO at Vedanta Aluminum Metal Limited.

Key Managerial Personnel Changes

The board approved the following changes to the company's leadership structure based on recommendations from the Nomination and Remuneration Committee and the Audit & Risk Management Committee.

Executive Profiles

Mr. Arun Misra has served as the CEO & Whole-time Director since August 2020 and became an Executive Director at Vedanta Limited in August 2023. His career includes a 33-year tenure at Tata Steel, where he last served as Vice President of the Raw Materials Division. He holds a bachelor's degree in electrical engineering from IIT Kharagpur.

Mr. Amit Gupta is a qualified Chartered Accountant with a Diploma in IFRS (ACCA, UK). He has been associated with Vedanta since July 2006, holding leadership roles at Cairn, Vedanta Corporate, and BALCO. His experience includes serving as CFO for Bharat Aluminum Company Limited (BALCO) and Group Head – FP&A.

Vedanta Limited has fully released encumbrances over 50.1% of Hindustan Zinc Limited's equity shares following the full redemption of Non-Convertible Debentures on May 14, 2026. The release, effective from the date of redemption, concludes the restrictions imposed under a debenture trust deed dated May 10, 2024, which had required the company to hold at least 50.1% of the issued share capital or voting rights in Hindustan Zinc and restricted the disposal of such shares.

The disclosure was filed under Regulation 31 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The encumbrances were originally created by a wholly owned subsidiary of Vedanta Limited to secure the debentures raised from debenture holders including Burlington Loan Management Designated Activity Company, Robusta 4 Finance Dac, Fort Canning Investments Pte. Ltd. Vrr, and J.P. Morgan Securities Asia Private Limited Odi. Axis Trustee Services Limited acted as the Debenture Trustee.

Details of Share Pledges

In addition to the release of the 50.1% encumbrance, the company disclosed that a pledge over 3,31,99,474 equity shares of Hindustan Zinc, representing 0.78% of the listed capital, was in the process of being released through the depository system. This follows a partial redemption of debentures on May 14, 2025, which had led to the release of a pledge over 95,91,486 equity shares representing 0.23% of the listed capital. The original pledge created on May 14, 2024, covered 4,27,90,960 equity shares, or 1.01% of the listed capital.

Encumbrance Summary

The company stated that separate disclosures under Regulation 31(1) and 31(2) of the Takeover Regulations were not filed for the creation and release of the pledge due to provisos in the regulations. The updated disclosure was submitted to BSE Limited and National Stock Exchange of India Limited on May 28, 2026.