Hindustan Zinc shareholders have approved the appointment of Amarendu Prakash as Chief Executive Officer and Yogesh Attray as Independent Director through a postal ballot process concluded on October 16, 2026.

The voting results, declared by the company on October 17, 2026, confirm that both resolutions received the requisite majority from members. The remote e-voting period ran from September 17 to October 16, 2026, allowing shareholders to cast their votes electronically.

Voting results for leadership appointments

The first resolution, an ordinary resolution, sought approval for Amarendu Prakash’s appointment as Director and Whole-time Director designated as CEO for a three-year term effective August 1, 2026. This resolution was passed with 99.72% of votes in favour. The promoter group voted unanimously in support, while public institutional holders supported the move with 95.93% of their polled votes in favour.

The second resolution, a special resolution, sought approval for Dr. Yogesh Attray’s appointment as an Independent Director. This resolution was passed with 98.72% of votes in favour. While the promoter group again voted unanimously, public institutional holders showed slightly more divergence, with 80.98% of their polled votes in favour and 19.02% against.

Shareholder participation details

The postal ballot involved a total of 9,26,414 shareholders on the record date of September 11, 2026. The total number of shares outstanding stood at 4,22,53,19,000. For the CEO appointment resolution, votes were polled on 95.16% of outstanding shares. For the Independent Director appointment, the participation rate remained identical at 95.16%.

Public non-institutional shareholders demonstrated near-unanimous support for both candidates, with over 99.99% of their polled votes in favour for both resolutions. The slight dip in support among institutional investors for Dr. Attray’s appointment contrasts with the overwhelming backing for Mr. Prakash’s role.

What the numbers show

A comparison of the voting patterns reveals a distinct divergence between institutional and retail sentiment regarding board composition. While public non-institutional shareholders offered nearly absolute consensus for both appointments, institutional investors registered significant dissent on the Independent Director appointment, casting nearly 19% of their votes against Dr. Attray. In contrast, institutional opposition to the CEO appointment was minimal at just 4%. This suggests that while the market broadly accepts the operational leadership change, there is specific scrutiny or reservation among institutional stakeholders regarding the independence or suitability of the new Independent Director.

Hindustan Zinc reported revenue from operations of ₹40,844 crore for FY26, marking a 20% increase year-on-year. The zinc and silver producer also recorded an EBITDA of ₹22,162 crore, reflecting a 27% expansion in operating profits during the fiscal year.

The company’s economic value retained stood at ₹17,597 crore, while profit before tax reached ₹18,508 crore. Net tax expense was ₹4,676 crore, resulting in a profit for the year of ₹13,832 crore. The board approved a dividend payout of ₹4,225 crore, contributing to the national exchequer with ₹18,855 crore in taxes and royalties.

Strategic milestones and governance

Hindustan Zinc became the first Indian metals and mining company to join the International Council on Mining and Metals (ICMM) in August 2025. This membership aligns the company with global best practices in responsible mining. Additionally, the Chanderiya Lead Zinc Smelter and Rampura Agucha Mine became India’s first sites to receive Zinc Mark certification, validating their environmental and social performance.

The company launched EcoZen, Asia’s first low-carbon zinc product, which features a carbon footprint 75% lower than the industry average. Supply agreements were signed across multiple customer segments, positioning EcoZen as a key driver for future commercial growth.

Sustainability and operational highlights

The report details significant progress towards Sustainability Goals 2030. Renewable energy share in the power mix increased to 18%, with a target of 70% by FY28. Water positivity reached 3.32x, driven by initiatives such as rainwater harvesting and treated water recycling.

Note: FY25 EBITDA derived from PBDIT less depreciation/other items as per standard reporting context or estimated based on trend if exact FY25 EBITDA not explicitly isolated in summary, but source states EBITDA ↑ 27%. Source provides FY25 Revenue ₹34,083 cr. Source does not explicitly list FY25 EBITDA absolute value in the snippet provided, only the % change for FY26. However, source lists FY25 PBDIT ₹18,371 cr. To be strictly accurate to source data provided: The source explicitly states "EBITDA (↑ 27%)" for FY26. It does not provide the absolute FY25 EBITDA figure in the text block, though it gives FY25 PBDIT. I will omit the absolute FY25 EBITDA in the table to avoid calculation, or use PBDIT if clearer. Let's stick to explicit figures.

Revised Table based on strict source availability:

What the numbers show

The divergence between revenue growth (20%) and EBITDA growth (27%) indicates improved operational leverage and cost efficiency during FY26. Furthermore, the company’s free cash flow from operations stood at ₹13,337 crore, demonstrating strong cash generation capacity alongside its capital expenditure commitments for renewable energy and capacity expansion.