Hindalco Industries has announced a major corporate development involving its wholly owned subsidiary Novelis Inc. The company disclosed that Novelis has entered into a subscription agreement with AV Minerals (Netherlands) N.V. for a substantial share purchase transaction valued at $750 million.

Transaction Details

The subscription agreement involves AV Minerals, which serves as the sole shareholder of Novelis and operates as a wholly owned subsidiary of Hindalco Industries. The transaction structure includes specific parameters that highlight the scale of this corporate investment.

Corporate Structure and Relationships

The transaction occurs within Hindalco's corporate structure, where AV Minerals functions as both the purchaser and the sole shareholder of Novelis. This internal arrangement reflects the company's strategic approach to capital allocation and subsidiary management. Novelis operates as a wholly owned subsidiary of Hindalco Industries, while AV Minerals serves as an intermediate holding entity in the corporate hierarchy.

Regulatory Compliance and Documentation

The announcement has been made in compliance with Regulation 30 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additionally, Novelis has filed the required Form 8-K documentation with the U.S. Securities and Exchange Commission, ensuring transparency across multiple regulatory jurisdictions.

The company has provided access to the SEC filing through its investor relations portal, allowing stakeholders to review the complete documentation. This dual regulatory approach reflects Novelis's international operations and listing requirements.

Market Communication

Hindalco Industries has made the information available across multiple platforms to ensure comprehensive market communication. The details are accessible through the company's official website at www.hindalco.com and Novelis's dedicated platform at www.novelis.com . This multi-channel approach ensures that investors and stakeholders can access the information through their preferred channels.

The announcement was signed by Geetika Anand, Company Secretary and Compliance Officer of Hindalco Industries Limited, confirming the official nature of the disclosure and maintaining corporate governance standards.

Hindalco Industries Limited has officially announced a board meeting scheduled for February 12, 2026, to consider and approve its quarterly financial results. The announcement, made on December 29, 2025, comes in compliance with regulatory requirements and will focus on reviewing the company's unaudited standalone and consolidated financial results for the quarter and nine months ending December 31, 2025.

Board Meeting Details

The company's Board of Directors will convene on Thursday, February 12, 2026, to deliberate on the financial performance for Q3FY26. This announcement has been made in compliance with Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Trading Window Closure

In preparation for the declaration of financial results, Hindalco Industries has announced the closure of its trading window for dealing in company securities. The trading restrictions will be implemented to ensure compliance with insider trading regulations under the Securities Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.

All designated persons under the company's Code of Conduct have been duly informed about these trading restrictions. The closure aligns with Schedule B of Securities Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, along with the company's internal Code of Conduct.

Stock Exchange Listings

The announcement has been communicated to all stock exchanges where Hindalco Industries securities are listed, ensuring comprehensive regulatory compliance across multiple markets.

Earnings Conference Call

Following the board meeting, Hindalco Industries plans to conduct an earnings conference call to discuss the Q3FY26 results with stakeholders. The company has indicated that specific details regarding the conference call schedule and participation information will be communicated separately in due course.

Corporate Information

The announcement was signed by Geetika Anand, Company Secretary & Compliance Officer, on December 29, 2025. Additional information is available on the company's official website at www.hindalco.com . The company maintains its registered office at 21st Floor, One Unity Center, Senapati Bapat Marg, Prabhadevi, Mumbai, with Corporate ID No. L27020MH1958PLC011238.