Hindustan Zinc: Restrictions Released Post Facility Agreement Rescission
Hindustan Zinc Limited (HZL) has received an intimation regarding the rescission of certain Facilities Agreements. These agreements, dated April 17, 2025, June 24, 2025, and January 30, 2026 (as amended), involved entities such as Vedanta Resources Limited, Twin Star Holdings Ltd., and others as borrowers and guarantors. HZL itself was not a party to these agreements. The rescission follows the repayment of all facilities and liabilities under these agreements. Consequently, all previously disclosed restrictions on HZL's actions and activities, imposed as part of these agreements, have now been released.
Key Highlights
- HZL's promoter group entities had facility agreements impacting HZL's operations.
- These facility agreements have been rescinded following full repayment.
- All prior operational restrictions on HZL are now lifted.
- The company was not a direct party to the facility agreements.
- This is a disclosure under LODR Regulations 30 and 30A.
Price Impact
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