Hindalco Industries Limited has announced a significant change in its senior management personnel with the resignation of Mr. Chandan Agrawal, CEO of Eternia Business, effective February 28, 2026. The company disclosed this development through regulatory filings under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Resignation Details

Mr. Agrawal submitted his resignation from the services of the company citing personal reasons. The resignation was formally tendered on December 15, 2025, with the effective date set for February 28, 2026. As per regulatory requirements, the company has provided comprehensive details of this senior management change to stock exchanges.

Regulatory Compliance

The announcement was made in compliance with multiple regulatory frameworks including SEBI Listing Regulations and the SEBI Master Circular dated November 11, 2024. Hindalco Industries has notified all relevant stock exchanges where its securities are listed, including BSE Limited, National Stock Exchange of India Limited, and Luxembourg Stock Exchange.

Executive's Statement

In his resignation letter addressed to the Board of Directors, Agrawal expressed appreciation for his tenure at Hindalco Industries. He described his experience as "valuable and enriching" and thanked the Board Members and leadership team for their trust, encouragement, and collaboration during his role as CEO of Eternia Business.

Corporate Disclosure

The company has made the resignation letter and related documentation available on its official website at www.hindalco.com , ensuring transparency in accordance with regulatory requirements. Company Secretary and Compliance Officer Geetika Anand signed the regulatory filing, confirming the authenticity of the disclosure made to the exchanges.

Hindalco Industries has announced that its acquisition of AluChem Companies, Inc. faces temporary delays due to the ongoing US federal government shutdown. The company informed stock exchanges on February 26, 2026, that the shutdown has significantly impacted the regulatory approval process for this strategic acquisition.

CFIUS Review Process Disrupted

The partial shutdown of the US federal government has tolled the statutory timelines under the Committee on Foreign Investment in the United States (CFIUS) review framework. This development directly affects the ongoing CFIUS review process for Hindalco's proposed acquisition of AluChem Companies, Inc. through its step-down wholly owned subsidiary, Aditya Holdings LLC.

Previous Regulatory Filings

Hindalco had previously filed the necessary documentation with CFIUS, including both a short-form declaration and subsequently a long-form declaration. The company has been providing regular updates to stock exchanges regarding the acquisition progress, with previous intimations dated June 24, 2025, October 23, 2025, and February 11, 2026.

Current Transaction Status

The acquisition transaction remains in a holding pattern due to the regulatory review suspension. Key aspects of the current situation include:

• Both the CFIUS review and related transaction are temporarily halted
• No definitive timeline is available for the government shutdown's conclusion
• All other transaction details remain unchanged from the original June 24, 2025 announcement
• The company will provide updates upon material developments or review completion

Regulatory Compliance and Disclosure

The update was issued in compliance with Regulation 30 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Geetika Anand signed the disclosure, ensuring transparency with stakeholders across multiple stock exchanges including BSE Limited, National Stock Exchange of India Limited, and Luxembourg Stock Exchange.

Hindalco has committed to providing further updates as material developments occur or upon completion of the CFIUS review process, maintaining transparency throughout this regulatory delay period.