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.

Hindustan Zinc has appointed Mr. Amarendu Prakash as its Chief Executive Officer-Designate effective June 19, 2026. The appointment, approved by the Board of Directors on the recommendation of the Nomination and Remuneration Committee, brings in a leader with over three decades of experience in the steel industry to drive the company's strategic agenda.

Leadership Profile

Mr. Amarendu Prakash is a distinguished leader with extensive experience spanning operations, project execution, technology, and strategic management. He served as the former Chairman & Managing Director of Steel Authority of India Limited (SAIL), where he spearheaded the company's transformation agenda, focusing on capacity expansion, operational excellence, digitalization, and sustainability initiatives.

Professional Background

Prior to his tenure as Chairman & Managing Director, Mr. Prakash held several key leadership positions within SAIL. He served as Director (In-Charge) of the Burnpur and Bokaro Steel Plants. A Metallurgical Engineer from BIT Sindri, he joined SAIL in 1991 and has been instrumental in shaping the organization's growth and competitiveness.

The following table outlines the key details of Mr. Prakash's appointment: