Hindustan Zinc gets intimation on Vedanta Resources' $350M facility agreement

Hindustan Zinc Limited (HZL) has received an intimation under Regulation 30A of SEBI (LODR) Regulations, 2015, from Vedanta Resources Limited, Twin Star Holdings Limited, Vedanta Holdings Mauritius II Limited, and Welter Trading Limited, all of whom are related parties to HZL. This intimation pertains to a facility agreement dated January 30, 2026, entered into by these entities for a total commitment of up to US$ 350,000,000 (approximately ₹2,900 crore).

HZL is not a direct party to this facility agreement, which is intended for the repayment of financial indebtedness of the VRL Group, payment of associated interest and fees, and general corporate purposes of the VRL Group. The agreement includes standard representations, warranties, covenants, and events of default. While HZL has no direct impact on its management or control, and no liabilities have been imposed on it, the agreement imposes certain restrictions on HZL's actions. These restrictions, effective from the first utilization date, require consent from requisite lenders for actions such as the creation of security over HZL's assets, sale or disposal of non-ordinary course assets, material investments or acquisitions outside the mining, metals, coal, oil and gas, infrastructure, power, or energy industries, mergers, amendments to constitutional documents affecting lenders' rights, restrictions on distributions, and granting loans or guarantees to the promoter or affiliates. HZL has no shareholding in any of the entities party to the facility agreement, and the agreement is not classified as a related party transaction for HZL under LODR.