
Hindustan Zinc Limited Receives Intimation from Related Parties on Facility Agreement
Hindustan Zinc Limited (HZL) received an intimation under Regulation 30A of the LODR from Vedanta Resources Limited, Twin Star Holdings Limited and Welter Trading Limited on June 26, 2025, regarding a facility agreement. The agreement was entered into on June 24, 2025, for an amount of up to USD 600 million. HZL is not a party to the agreement, but it is affected by certain restrictions as a guarantor. There is no direct impact on the management or control of HZL, and no liabilities have been imposed on HZL. The restrictions are in the nature of covenants and include creating security over assets, selling or transferring assets, investing in or acquiring material assets, merging with other entities, amending constitutional documents, creating restrictions on distributions, and granting loans to promoters or affiliates.
Key Highlights
- Hindustan Zinc Limited received an intimation under Regulation 30A of the LODR from related parties.
- The facility agreement was entered into on June 24, 2025, for an amount of up to USD 600 million.
- HZL is not a party to the agreement, but it is affected by certain restrictions as a guarantor.
- The restrictions are in the nature of covenants and include various actions/activities related to HZL's assets and operations.
- There is no direct impact on the management or control of HZL, and no liabilities have been imposed on HZL.