BSEInsider Trading / SAST2h ago · 22 Jul 2026, 05:48 pm
The Exchange has received the Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 on July ....
Vedanta Power Ltd · 544781
✦ AI SummaryPledge
Vedanta Power Ltd's promoter Vedanta Resources Limited has disclosed creation of encumbrance over the company's shares due to a facility agreement for a total maximum commitment of US$ 2,250,000,000.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk6/10
Liquidity Impact8/10
Market Sentiment5/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Vedanta Power Ltd - 544781 - Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011.
Attachments (1)
📄pdf
Download →
FEBCE3E4_3FC9_48F2_9BE4_870F4EE24E55_174842.pdf
View document text
Date: July 22, 2026
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza,
Dalal Street, Fort Bandra-Kurla-Complex, Bandra (East)
Mumbai – 400 001 Mumbai – 400 051
E-mail: corp.relations@bseindia.com Email: takeover@nse.co.in
Vedanta Power Limited (Formerly known as
Talwandi Sabo Power Limited)
C-103, Atul Projects, Corporate Avenue,
New Link Road, Chakala, Andheri (E),
Chakala MIDC, Mumbai, Maharashtra
India – 400 093
E-mail: vpl.sect@vedanta.co.in
Dear Sir/Madam,
Subject: Disclosure under Regulation 31 of the Securities and Exchange Board of India
(Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“Takeover
Regulations”).
This disclosure is being made by Vedanta Resources Limited (“VRL”) in relation to creation of
encumbrance (as defined under Chapter V of the SEBI (Substantial Acquisition of Shares and
Takeovers) Regulations, 2011 (“Takeover Regulations”)) over the equity shares of Vedanta
Power Limited (“VPL”) held by its direct and indirect subsidiaries i.e. Twin Star Holdings Ltd.
(“TSHL”), Welter Trading Limited (“Welter”), Vedanta Holdings Mauritius Limited (“VHML”),
Vedanta Holdings Mauritius II Limited (“VHMLII”) and Vedanta Netherlands Investments B.V
(“VNIBV”) in terms of the facility agreement dated July 20, 2026 for a total maximum
commitment aggregating US$ 2,250,000,000 executed inter alios, amongst TSHL (as the
borrower), VRL, VHMLII and Welter (as the guarantors), Barclays Bank PLC, Citigroup Global
Markets Asia Limited, DB International (Asia) Limited, First Abu Dhabi Bank PJSC, First Abu
Dhabi Bank PJSC, Gift City Branch, J.P. Morgan Securities (Asia Pacific) Limited, Mashreq Bank
PSC, IFSC Banking Unit, Gift City Branch, Standard Chartered Bank and Sumitomo Mitsui
Banking Corporation Singapore Branch (as the arrangers), Barclays Bank PLC, Citibank, N.A.,
Hong Kong Branch, DB International (Asia) Limited, First Abu Dhabi Bank PJSC, First Abu Dhabi
Bank PJSC, Gift City Branch, JP Morgan Chase Bank, N.A., London Branch, Mashreq Bank PSC,
IFSC Banking Unit, Gift City Branch, Standard Chartered Bank, Standard Chartered Bank
(Mauritius) Limited and Sumitomo Mitsui Banking Corporation Singapore Branch (as the
original lenders) and GLAS Agency (Hong Kong) Limited (as the agent and the security agent)
(“Facility Agreement”).
Pursuant to the Facility Agreement, inter alia: (i) no Obligor (which includes TSHL, VRL, VHMLII
and Welter) shall create or permit to subsist any security or quasi security over the shares of
VPL; (ii) No member of VRL group (VRL and its (direct and indirect) subsidiaries) shall create or
permit to subsist any security or quasi-security over the shares owned by them (directly or
indirectly) in an Obligor which owns shares in VPL; (iii) if and when VPL becomes a Material
Subsidiary of VRL, the VRL group is required to continue to control over VPL or, continue to
own, directly or indirectly, at least 50.1% of the issued equity share capital of VPL; (collectively,
the “Encumbrances”).
Vedanta Resources Limited
(Registered in England & Wales No. 04740415)
Registered Office: C/O CSC CLS (UK) Limited, 5 Churchill Place, 10th Floor, London, United Kingdom, E14 5HU
Corporate Office: 30 Berkeley Square, London, W1J 6EX
Tel: +44 (0) 20 7499 5900 | Fax: +44 (0) 20 7491 8440 | Website: www.vedantaresources.com
Given the nature of conditions and/or arrangements under the Facility Agreement, the
Encumbrances and other conditions therein are likely to fall within the definition of the term
‘encumbrance’ provided under Chapter V of the Takeover Regulations.
For completeness, it is clarified that no pledge has been created by VRL or its subsidiaries over
the equity shares of VPL in relation to the Facility Agreement. As on the date of this disclosure,
the commitment of the original lenders is US$ 1,545,000,000 with increase commitment of up
to US$ 705,000,000 available from one or more increase lender executing an increase lender
accession agreement under the terms of the Facility Agreement. This disclosure is in relation
to the total maximum commitments of US$ 2,250,000,000, inclusive of increase mechanism
under the Facility Agreement.
The enclosed disclosure is being made under Regulation 31 read with Securities and Exchange
Board of India's Master circular dated February 16, 2023, bearing reference no.
SEBI/HO/CFD/PoD-1/P/CIR/2023/31 in relation to the above considering the definition of the
term "encumbrance" for the purposes of Chapter V of the Takeover Regulations.
Yours faithfully,
For and on behalf of Vedanta Resources Limited
and its aforementioned subsidiaries
Authorised Signatory
Encl.: a/a
Vedanta Resources Limited
(Registered in England & Wales No. 04740415)
Registered Office: C/O CSC CLS (UK) Limited, 5 Churchill Place, 10th Floor, London, United Kingdom, E14 5HU
Corporate Office: 30 Berkeley Square, London, W1J 6EX
Tel: +44 (0) 20 7499 5900 | Fax: +44 (0) 20 7491 8440 | Website: www.vedantaresources.com
ANNEXURE – 1
Disclosure by the Promoters to the Stock Exchanges and to the Target Company for encumbrance of shares/invocation of encumbrance/release of encumbrance, in terms of Regulations 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and
Takeovers) Regulations, 2011
Name of the Target Company (TC) Vedanta Power Limited
Names of the stock exchanges where the shares of the target company are listed BSE Limited and National Stock Exchange of India Limited
Date of reporting July 22, 2026
1. TWIN STAR HOLDINGS LTD
2. WELTER TRADING LIMITED
Names of the promoters or PAC on whose shares encumbrance has been created/ released/ invoked 3. VEDANTA HOLDINGS MAURITIUS LIMITED
4. VEDANTA HOLDINGS MAURITIUS II LIMITED
5. VEDANTA NETHERLANDS INVESTMENTS B.V.
Details of the creation of encumbrance:
Post event holding of
Promoter holding in the Promoter holding Details of events pertaining to encumbrance encumbered shares
target company (1) already encumbered (2) (3) {creation [(2)+(3)]/release
[(2)-(3)]/invocation [(1)-(3)]}
Name of the promoter(s)
Date of
or PACs with him* Type of event Type of encumbrance Name of the entity % of
% of total % of total creation/ % of
(creation / (pledge/ lien/ non Reasons for in whose favour total
Number share Number share release/ Number share Number
release / disposal encumbrance** shares encumbered share
capital capital invocation of capital
invocation) undertaking/ others) *** capital
encumbrance
Pravin Agarwal 1,000 0.00 Nil Nil - - - - - - - - -
Suman Didwania 87,696 0.00 Nil Nil - - - - - - - - -
Ankit Agarwal 36,300 0.00 Nil Nil - - - - - - - - -
Sakshi Mody 18,000 0.00 Nil Nil - - - - - - - - -
Anil Agarwal - - - - - - - - - - - - -
Navin Agarwal - - - - - - - - - - - - -
Kiran Agarwal - - - - - - - - - - - - -
Priya Agarwal - - - - - - - - - - - - -
Pratik Agarwal - - - - - - - - - - - - -
Hare Krishna Packaging
- - - - - - - - - - - - -
Private Limited
Vedanta Resources Limited,
- - - - - - - - - - - - -
Finsider International
- - - - - - - - - - - - -
Company Limited
1,564,805,858
Twin Star Holdings Ltd. 1,564,805,858 40.02 1,564,805,858 40.02 (Please refer to the 40.02 1,564,805,858 40.02
Note 1 below)
38,241,056
GLAS Agency (Hong
Welter Trading Limited 38,241,056 0.98 38,241,056 0.98 July 20, 2026 (Please refer to the 0.98 38,241,056 0.98
Kong) Limited,
(date of Note 1 below)
acting for the
Creation of execution of the Others Please refer to 107,342,705
Vedanta Holdings Mauritius benefit of the
107,342,705 2.75 107,342,705 2.75 encumbrance Facility (Please refer to the the Note 1 (Please refer to the 2.75 107,342,705 2.75
Limited Lenders under the
Agreement) Note 1 below) below Note 1 below)
Facility Agreement
(Please refer to 492,820,420
Vedanta Holdings Mauritius (Please refer to the
492,820,420 12.60 492,820,420 12.60 Note 1 below) (Please refer to the 12.60 492,820,420 12.60
II Limited Note 1 below)
Note 1 below)
1,514,714
Vedanta Netherlands
1,514,714 0.04 1,514,714 0.04 (Please refer to the 0.04 1,514,714
[Showing first 8,000 characters — download PDF for full document]