Novelis amends Second Amended and Restated Credit Agreement

0 min read Updated on 20 Jun 2026, 08:14 AM

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Ashish TScanX News Team

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Novelis, a wholly owned subsidiary of Hindalco Industries, amended its Second Amended and Restated Credit Agreement on June 19, 2026. The company disclosed the development through a Form 8-K filing in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Specific details regarding the nature of the amendments or the financial implications were not disclosed in the regulatory notification.

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Novelis, a wholly owned subsidiary of Hindalco Industries , amended its Second Amended and Restated Credit Agreement on June 19, 2026. The subsidiary filed Form 8-K regarding the entry into a Material Definitive Agreement to disclose this development. This action was taken in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The amendment modifies the terms of the credit facility governing the subsidiary's borrowing framework. Specific details regarding the nature of the amendments or the financial implications were not disclosed in the immediate regulatory notification. The filing confirms the update to the existing credit structure without providing further elaboration on the revised covenants or limits.

The information is accessible on the official websites of Hindalco Industries and Novelis. The ISIN associated with the company is INE038A01020.

Historical Stock Returns for Hindalco Industries

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.15%	-1.40%	-4.09%	+17.89%	+56.50%	+171.98%

How might the amended credit agreement impact Novelis's borrowing costs and financial flexibility?

What strategic initiatives or capital expenditures could this credit amendment support for Novelis?

Could the changes in the credit facility signal a shift in Hindalco's risk management approach for its subsidiaries?

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Hindalco Industries appoints Kapil Agrawal as CEO (Designate) - Copper

1 min read Updated on 19 Jun 2026, 02:22 AM

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Jubin VScanX News Team

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Hindalco Industries has appointed Kapil Agrawal as CEO (Designate) - Copper effective November 1, 2026, and CEO - Copper from March 1, 2027. He succeeds Rohit Pathak, who will transition to a different role within the Aditya Birla Group effective February 28, 2027.

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Hindalco Industries has announced changes in its senior management personnel for the Copper business. The Board of Directors, upon the recommendation of the Nomination and Remuneration Committee, has appointed Mr. Kapil Agrawal as CEO (Designate) - Copper effective November 1, 2026. He will assume the full role of CEO - Copper with effect from March 1, 2027, succeeding Mr. Rohit Pathak.

Mr. Rohit Pathak, the current CEO - Copper, will transition into a different role within the Aditya Birla Group. He will cease to be a Senior Management Personnel of the company effective the close of business hours on February 28, 2027. This cessation is attributed to an internal movement within the Group.

Mr. Kapil Agrawal has been associated with the Aditya Birla Group for over three decades. His leadership experience spans the Textiles, Fashion, and Retail sectors, where he has held roles in Operations, Strategy, Supply Chain, Buying & Merchandising, and business leadership. Prior to this appointment, he served as CEO of the Overseas Spinning Business and held full P&L responsibility for the Textiles Business in 2023.

The following table outlines the details of the management changes:

Sr. No.	Particulars	Details
1.	Reason for change	Cessation on account of internal movement within the Aditya Birla Group, w.e.f. close of business hours on February 28, 2027.
		Appointment as CEO (Designate) - Copper and SMP, w.e.f. November 1, 2026. Appointment as CEO - Copper, w.e.f. March 1, 2027.
2.	Date of appointment/cessation	Cessation: February 28, 2027. Appointment: November 1, 2026 (Designate); March 1, 2027 (CEO).
3.	Brief profile	Not Applicable.
		Mr. Kapil Agrawal has over three decades of experience in the Aditya Birla Group across Textiles, Fashion, and Retail.
4.	Disclosure of relationships	Not Applicable.

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant SEBI circulars.

Historical Stock Returns for Hindalco Industries