Hindalco Industries Limited , a leading aluminum and copper manufacturing company, has announced significant financial developments for its wholly owned subsidiary, Novelis Inc. The updates include a new municipal bond agreement and amendments to an existing term loan facility.

Municipal Bond Agreement

Novelis Inc. has entered into a loan agreement related to the issuance of $100.00 million in municipal bonds. This move is expected to strengthen the company's financial position and potentially provide favorable financing terms.

Term Loan Facility Amendment

In addition to the municipal bond agreement, Novelis has also amended its existing Term Loan credit facility. While specific details of the amendment were not disclosed, such modifications typically aim to improve financial flexibility or adjust terms to better suit the company's current needs and market conditions.

Regulatory Filings and Transparency

As part of its commitment to transparency and regulatory compliance, Novelis Inc. has filed a Form 8-K with the U.S. Securities and Exchange Commission (SEC) detailing these financial updates. Hindalco Industries Limited has also informed the relevant stock exchanges, including the Bombay Stock Exchange (BSE), National Stock Exchange of India (NSE), and Luxembourg Stock Exchange, about these developments.

Impact and Outlook

These financial maneuvers by Novelis Inc. demonstrate the company's active management of its capital structure and liquidity position. The $100.00 million municipal bond agreement, in particular, could provide Novelis with additional financial resources to support its operations or strategic initiatives.

For Hindalco Industries Limited, these developments at its wholly owned subsidiary could have positive implications for the group's overall financial health and strategic positioning in the global aluminum and copper markets.

Investors and stakeholders can access more detailed information about these financial updates on the official websites of Hindalco Industries Limited ( www.hindalco.com ) and Novelis Inc. ( www.novelis.com ).

As the aluminum industry continues to evolve, Hindalco and its subsidiaries appear to be taking proactive steps to maintain financial flexibility and support their business objectives in a dynamic market environment.

Hindalco Industries , a leading aluminum and copper manufacturing company, reported a fire incident at its Novelis plant in Oswego, New York, leading to a temporary halt in production. The incident, which occurred on September 16, 2025, has prompted an investigation into the cause and potential operational impact.

Fire Incident Details

The fire broke out at the Novelis plant, a wholly owned subsidiary of Hindalco Industries, on September 16, 2025, at approximately 10:00 p.m. EDT (September 17, 2025, 7:30 a.m. IST). According to the company's official statement:

• The fire was successfully extinguished by 2:00 a.m. EDT on September 17, 2025.
• No injuries were reported during the incident or the firefighting efforts.
• Production at the plant has been temporarily suspended.

Company Response and Next Steps

Hindalco Industries has taken immediate action in response to the incident:

1. Investigation: The company has launched an investigation to determine the cause of the fire.
2. Impact Assessment: Efforts are underway to assess the extent of the impact on plant operations.
3. Insurance Coverage: The plant is insured for property damage and business interruption losses, subject to deductibles and policy limits.

Regulatory Compliance

In compliance with regulatory requirements, Hindalco Industries promptly informed the relevant stock exchanges, including:

• BSE Limited
• National Stock Exchange of India Limited
• Luxembourg Stock Exchange

The company made this disclosure in accordance with Regulation 30 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI Master Circular dated November 11, 2024.

Looking Ahead

Hindalco Industries has committed to providing further updates on the situation as more information becomes available. The incident highlights the importance of robust safety measures and quick response protocols in industrial settings.

Investors and stakeholders will be closely monitoring the situation for any potential impact on Hindalco's operations and financial performance in the coming quarters. The company's proactive approach in addressing the incident and its transparency in communication may help in maintaining stakeholder confidence during this challenging period.