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.

Hindustan Zinc Limited has updated the schedule for its analyst and institutional investor meets, confirming a physical mode for the session on May 28, 2026, and announcing a new conference on June 1, 2026. The meetings will be held in Mumbai as part of the 360 ONE Capital(B&K) 16th Annual Investor Conference and Bank of America's flagship India conference. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Details

The company clarified that the May 28 conference, titled TRINITY INDIA 2026, will be conducted in physical mode, correcting a previous indication of a video conference. The schedule remains subject to changes due to exigencies on the part of analysts, investors, or the company. The investor presentation has been uploaded on the official website for stakeholder access.