NSEAgreements4d ago · 18 Jul 2026, 05:43 pm
Agreements
Hindustan Zinc Limited · HINDZINC
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Hindustan Zinc Limited has informed the Exchange about an agreement with Twin Star Holdings Ltd, Vedanta Resources Limited, Vedanta Holdings Mauritius II Limited, and Welter Trading Limited for a facility agreement dated July 15, 2026, for a total commitment of US$ 1,000,000,000.
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Hindustan Zinc Limited has informed the Exchange about Agreements
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HINDZINCNSE_18072026174321_SE_Intimation_-Reg_30A_Disclosure.pdf
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July 18, 2026
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers “Exchange Plaza” Plot No C/1, G Block
Dalal Street, Fort Bandra Kurla Complex, Bandra (East)
Mumbai - 400 001 Mumbai- 400051
Scrip Code: 500188 T rading Symbol: HINDZINC
Dear Sir/Ma’am
Sub: Intimation under Regulations 30 and 30A of Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations 2015, as amended from time to time
(“LODR”) read with Clause 5A, Para A, Part A, Schedule III of the LODR and relevant SEBI Master
Circular
This is to inform that Hindustan Zinc Limited (“HZL”) received an intimation under Regulation 30A of
the LODR read with Clause 5A, Para A, Part A, Schedule III of the LODR from Twin Star Holdings Ltd,
Vedanta Resources Limited (“VRL”), Vedanta Holdings Mauritius II Limited and Welter Trading Limited
(as the promoter group entities of Vedanta Limited) (as related parties of HZL) on July 17, 2026 at
11:19 PM (IST) (“30A Intimation”).
The information required to be disclosed by HZL pursuant to its obligations under Regulations 30 and
30A of the LODR read with Clause 5A, Para A, Part A, Schedule III of the LODR, subsequent to the
receipt of the 30A Intimation, is enclosed herewith as Annexure A.
We request you to kindly take the above information on record.
Thanking You
Yours faithfully,
For Hindustan Zinc Limited
Aashhima V Khanna
Company Secretary & Compliance Officer
ANNEXURE A
Disclosure under Regulations 30 and 30A of the LODR read with Clause 5A, Para A, Part A, Schedule
III of the LODR and the Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued by
SEBI on January 30, 2026
# Particulars Details
a) If the listed entity is a party to the Hindustan Zinc Limited (“HZL”) is not a party to the
agreement: facility agreement dated July 15, 2026 (“Facility
i. Details of the counterparties Agreement”). Therefore, not applicable.
(including name and relationship with
the listed entity) There are certain ‘identified clauses’ of the Facility
Agreement that are effective and applicable from the
first Utilisation Date (as defined under the terms of
the Facility Agreement) in relation to any members of
the Group listed in India, including HZL. Certain other
covenants (as set out in paragraph (g)(B) below)
under the Facility Agreement affecting HZL as a
member of the Group are effective from the date of
execution of the Facility Agreement.
b) If listed entity is not a party to the The following entities are party to the Facility
agreement: Agreement:
i. Name of the party entering into such
an agreement and the relationship Name of the Party Relationship with
with the listed entity Hindustan Zinc Limited
ii. Details of the counterparties to the Borrower
agreement (including name and Twin Star Holdings Ltd. It is a related party of
relationship with the listed entity) HZL.
It is classified as a
member of the promoter
group of Vedanta
Limited (VEDL), which is
the holding company of
HZL.
Guarantor
Vedanta Resources It is a related party of
Limited HZL.
It is classified as a
member of the promoter
group of Vedanta
Limited (VEDL), which is
the holding company of
HZL.
# Particulars Details
Vedanta Holdings It is a related party of
Mauritius II Limited HZL.
It is classified as a
member of the promoter
group of Vedanta
Limited (VEDL), which is
the holding company of
HZL.
Welter Trading Limited It is a related party of
HZL.
It is classified as a
member of the promoter
group of Vedanta
Limited (VEDL), which is
the holding company of
HZL.
Agent
Glas Agency (Hong It is not a related party of
Kong) Limited or related to HZL.
Arrangers/ Lenders
Citibank, N.A. (Original It is not a related party of
Lender) or related to HZL.
Citigroup Global It is not a related party of
Markets Asia Limited or related to HZL.
(Arranger)
Standard Chartered It is not a related party of
Bank (Arranger and or related to HZL.
Original Lender)
iii. Date of entering into the agreement The Facility Agreement was entered into on July 15,
2026.
There are certain ‘identified clauses’ of the Facility
Agreement that are effective and applicable from the
first Utilisation Date (as defined under the terms of
the Facility Agreement) in relation to any members of
the Group listed in India, including HZL. Certain other
covenants (as set out in paragraph (g)(B) below)
under the Facility Agreement affecting HZL as a
member of the Group are effective from the date of
execution of the Facility Agreement.
# Particulars Details
c) Purpose of entering into the agreement The Facility Agreement have been entered into, inter
alia, for -
(i) repayment of, and payment of interest and other
amounts accrued on, Financial Indebtedness of
the VRL Group (including amounts outstanding in
respect of the Refinanced Existing Loans);
(ii) payment of any fees, costs and expenses incurred
in connection with the transactions
contemplated under the Finance Documents;
(iii) general corporate purposes of the VRL Group,
provided that no proceeds may be used to
finance or refinance thermal coal infrastructure,
used in violation of applicable law (including Anti-
Bribery and Corruption Laws or Sanctions), or
remitted to India.
d) Shareholding, if any, in the entity with HZL does not have any shareholding in any of the
whom the agreement is executed entities that are party to the Facility Agreement.
e) Significant terms of the agreement (in The Facility Agreement has been entered into for a
brief) total commitment aggregating US$ 1,000,000,000
entered between the parties as set out in paragraph
(b) above.
The Facility Agreement provide for standard
representations (such as necessary power and
authority to execute and undertake actions as
required, non-conflict with other obligations, etc.),
warranties, covenants (including affirmative
covenants, negative covenants and information
covenants) which the Obligors have agreed in order
to provide protection to the Lenders.
Customary to a transaction of such a nature, the
Facility Agreement include standard events of
default such as non-payment, insolvency and
insolvency proceedings, unlawfulness and
unenforceability, etc.
f) Extent and the nature of impact on No direct impact on the management or control of
management or control of the listed HZL.
entity
g) Details and quantification of the No liabilities have been imposed on HZL.
restriction or liability imposed upon the
listed entity
# Particulars Details
The quantification of the restrictions imposed on HZL
by way of the Facility Agreement is not ascertainable
as they are in the nature of covenants.
Pursuant to the terms of the Facility Agreement, the
Borrower and the Guarantors have agreed to ensure,
in their capacity as members of the promoter group
of Vedanta Limited (VEDL), which is the holding
company of HZL, that HZL shall not undertake the
following actions / activities unless permitted within
the parameters of the Facility Agreement and / or
with the consent of the requisite Lenders. The
restrictions set out below are categorised based on
when they become effective and applicable to HZL:
(A) Restrictions constituting “identified clauses” (as
defined in the Facility Agreement) – effective and
applicable only from the first Utilisation Date (under
the Facility Agreement) in relation to HZL:
(i) (subject to the carve-outs specified under the
Facility Agreement) the creation of security over
assets of HZL, or securing indebtedness of the
promoter; (ii) (subject to the carve-outs specified
under the Facility Agreement) the sale, transfer and
disposal of assets of HZL which are not in the ordinary
course; (iii) investment in or acquisition of material
assets / business / shares by HZL in each case, which
are assets / businesses not associated with mining,
metals, coal, oil and gas exploration and/or
production, infrastructure, power or energy
industries; (iv) (subject to the carve-outs specified
under the Facility Agreement) any Merger of HZL; (v)
(subject to the provisi
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