Hindustan Zinc , the world's largest integrated zinc producer, has announced significant changes to its board composition and corporate governance practices. The company's Board of Directors has approved the appointment of Mr. Ashim Kumar Modi as a Government Nominee Director (Non-Executive) and made amendments to its Insider Trading Prohibition Code.

New Government Nominee Director

Mr. Ashim Kumar Modi, an Indian Revenue Service officer from the 2000 batch, has been appointed as the new Government Nominee Director, replacing Shri Ashish Chatterjee. The appointment, effective October 17, 2025, is subject to shareholder approval.

Mr. Modi brings a wealth of experience to the board:

• Currently serves as Joint Secretary & Financial Advisor in the Ministry of Coal
• Holds additional charge of the Ministry of Mines and Ministry of Minority Affairs
• Possesses a B.Tech in Civil Engineering from IIT Delhi
• Serves as Part Time Official Director on the boards of Coal India Limited and SECL

This appointment aligns with Hindustan Zinc's commitment to maintaining strong governance and ensuring diverse perspectives on its board.

Insider Trading Code Amendments

In a move to enhance its corporate governance framework, Hindustan Zinc's board has also approved amendments to the company's Insider Trading Prohibition Code. These changes are in accordance with the Securities and Exchange Board of India (SEBI) regulations, demonstrating the company's commitment to maintaining high standards of transparency and ethical business practices.

Implications for Stakeholders

These developments are significant for Hindustan Zinc and its stakeholders:

1. Government Oversight: The appointment of Mr. Modi strengthens the government's representation on Hindustan Zinc's board, potentially influencing strategic decisions and ensuring alignment with national interests.

2. Regulatory Compliance: The update to the Insider Trading Prohibition Code reinforces the company's commitment to fair market practices and investor protection.

3. Diverse Expertise: Mr. Modi's background in finance and his experience with other major public sector enterprises could bring valuable insights to Hindustan Zinc's operations and strategy.

The board meeting that approved these changes lasted from 12:00 noon to 2:10 PM IST, indicating thorough deliberation on these important matters.

As Hindustan Zinc continues to play a crucial role in India's mining and metals sector, these governance updates underscore the company's focus on maintaining robust leadership and regulatory compliance.

Hindustan Zinc , India's leading integrated zinc-lead-silver producer, has reported a robust financial performance for the second quarter of the fiscal year 2025-26. The company's Board approved unaudited financial results for the second quarter and half year ended September 30, 2025, showcasing significant growth in net profit and revenue.

Financial Highlights

Quarterly Performance

• Net Profit: Hindustan Zinc's consolidated net profit for Q2 FY2025-26 stood at ₹2,649.00 crore, up from ₹2,327.00 crore in the same quarter last year, marking a 13.84% increase.
• Revenue: The company's revenue from operations grew to ₹8,549.00 crore, compared to ₹8,252.00 crore in the corresponding quarter of the previous year, reflecting a 3.60% year-on-year growth.
• Earnings Per Share (EPS): EPS for Q2 was ₹6.27 compared to ₹5.51 in the same quarter last year.

Half-Year Performance

• Net Profit: ₹4,883.00 crore
• Revenue: ₹16,320.00 crore

Dividend Announcement

The Board of Directors of Hindustan Zinc declared an interim dividend of ₹10.00 per equity share for the Financial Year 2025-26. The total dividend payout amounts to ₹4,225.00 crore, with the record date set as June 17, 2025.

Auditor's Opinion

The auditors provided an unmodified opinion on the financial results, indicating their satisfaction with the company's financial reporting.

Market Position

As India's only integrated zinc-lead-silver producer, Hindustan Zinc maintains a strong market position. The company's ability to increase its net profit and revenue in the current economic climate underscores its operational excellence and strategic market approach.

Additional Note

The company noted that subsequent to June 30, 2025, a short seller published reports with allegations against Vedanta Group entities including Hindustan Zinc. However, the management believes these allegations are baseless.

Hindustan Zinc's strong Q2 performance reflects its resilience and strategic positioning in the market. As the company continues to focus on operational excellence and sustainable growth, it remains well-positioned to capitalize on market opportunities and deliver value to its shareholders.