Promoter group entities of Vedanta Power Limited have encumbered 56.38% of its total equity share capital against a facility agreement with a maximum commitment of US$ 2,250,000,000. The disclosure, submitted to BSE Limited and National Stock Exchange of India Limited on July 22, 2026, reveals that the encumbrance covers 2,20,47,24,753 shares through negative pledges and restrictions on creating security, rather than a direct pledge. This development impacts the promoter group’s ability to freely transfer or secure additional debt against their holdings in the power company.

The facility agreement was executed on July 20, 2026, amongst Twin Star Holdings Ltd as the borrower, and Vedanta Resources Limited, Vedanta Holdings Mauritius II Limited, and Welter Trading Limited as guarantors. GLAS Agency (Hong Kong) Limited acts as the agent and security agent. The lenders include Barclays Bank PLC, Citigroup Global Markets Asia Limited, Standard Chartered Bank, DB International (Asia) Limited, First Abu Dhabi Bank PJSC, J.P. Morgan Securities (Asia Pacific) Limited, JPMorgan Chase Bank, N.A., Mashreq Bank PSC, Standard Chartered Bank (Mauritius) Limited, and Sumitomo Mitsui Banking Corporation Singapore Branch. As of the disclosure date, the commitment from original lenders stands at US$ 1,545,000,000, with an available increase commitment of up to US$ 705,000,000.

Encumbrance Details

The encumbrance affects the following promoter group entities, covering 99.99% of the total promoter shareholding:

Facility Terms and Restrictions

The proceeds from the facility are designated for the repayment of financial indebtedness of the Vedanta Resources group, payment of fees and costs, and general corporate purposes. The agreement explicitly prohibits using proceeds to finance or refinance thermal coal infrastructure, violate anti-bribery laws, or remit funds to India.

Vedanta Power Limited is not a direct party to the agreement but is subject to certain covenants. If Vedanta Power becomes a Material Subsidiary of Vedanta Resources Limited, the promoter group must maintain control, owning at least 50.1% of the issued equity share capital. Restrictions effective from the first Utilisation Date include limitations on creating security over assets, selling non-ordinary course assets, investing in sectors outside mining, metals, coal, oil and gas, infrastructure, power, or energy, and merging the entity. Other restrictions effective from the execution date prohibit entering into material contracts outside the ordinary course of business without lender consent.

The disclosure was made under Regulation 29(1) read with Regulation 29(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and Regulation 30A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Vedanta Power has announced the scheduling of its Q1 earnings call for July 30 at 5 PM, giving investors and market participants a confirmed window to receive the company's quarterly financial update.

Earnings Call Details

The company has set aside time on July 30 for its Q1 earnings call, during which management is expected to present and discuss the quarterly financial results. The following details have been confirmed:

No additional financial metrics, performance data, or agenda specifics were provided alongside this announcement. Investors and analysts are advised to mark the date for the official disclosure of the company's Q1 financial results.