Hindustan Zinc has signed a Memorandum of Understanding (MoU) with Advantek Associates LLP and Aero Eagle Automobiles Private Limited to explore the adoption of green hydrogen and alternative clean energy solutions across its operations. The collaboration aims to evaluate innovative technologies that can support the transition towards low-carbon and future-ready mining. Through this MoU, Hindustan Zinc is set to pioneer the use of hydrogen fuel for underground mining applications, positioning it to become the only company to deploy this technology in such environments.

Strategic Focus on Hydrogen

The agreement between Hindustan Zinc, Advantek Associates, and Aero Eagle Automobiles is aimed at investigating the viability and potential of hydrogen fuel options. Hydrogen has been gaining attention across industries as a cleaner energy alternative, and this collaboration positions Hindustan Zinc as an active participant in exploring such possibilities. The partnership will focus on conducting comprehensive feasibility assessments for hydrogen-based technologies, including green hydrogen generation, storage, dispensing infrastructure, and hydrogen-powered equipment. It will also evaluate the potential use of Hydrogen Internal Combustion Engine (H2-ICE) and fuel cell technologies across mining and industrial applications.

Operational Scope and Feasibility

The initiative will follow a phased approach, beginning with technical, operational, safety, environmental and financial feasibility studies. Based on the outcomes, the collaboration may be scaled further to enable broader deployment across mining equipment, heavy earth-moving machinery, underground and surface vehicles, generators and other operational assets. The collaboration is part of Hindustan Zinc's larger strategy to build future-ready, low-carbon and technology-led mining operations, aligned with its commitment to become Net Zero by 2050 or sooner.

Key Agreement Details

Victory XII Pte. Ltd. has released encumbrance on 2,116,884,819 shares of Hindustan Zinc Limited , representing 50.10% of the total share capital, following the prepayment of a term loan facility on June 17, 2026. The disclosure was submitted to BSE Limited and National Stock Exchange of India Limited under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The entity acted as the agent to the finance parties under a facility agreement dated July 16, 2024, connected to undertakings provided by Vedanta Limited regarding the equity shares of Hindustan Zinc Limited. All encumbrances created pursuant to the facility agreement were fully released effective from the date of prepayment.

The release of encumbrance impacts 50.10% of the total voting capital of the target company. Prior to the release, the shares were held in the nature of encumbrance. Following the transaction, the acquirer holds nil shares encumbered with it.

Shareholding Details

The equity share capital of Hindustan Zinc Limited remains at 4,22,53,19,000 equity shares of ₹2 each, aggregating ₹8,45,06,38,000. The disclosure references the shareholding pattern for the quarter ended March 31, 2026.