Hindustan Zinc: Encumbrance on 50.1% Shares Released

Axis Trustee Services Ltd, acting as trustee for debenture holders, has disclosed the release of encumbrance over 50.10% of Hindustan Zinc Limited's equity shares. This release is a consequence of the partial and full redemption of debentures, with the final redemption occurring on May 14, 2026. The encumbrance, which included restrictive covenants and a non-disposal undertaking, was created by Vedanta Limited, the promoter, in favor of Axis Trustee Services Ltd as per a Debenture Trust Deed dated May 10, 2024. The total number of shares affected by this release is 2,116,884,819, representing 50.10% of the total share capital. This action signifies a significant change in the shareholding structure concerning encumbrances.