Vedanta Limited Encumbers 50.1% Share Capital of Subsidiary Hindustan Zinc Limited

Vedanta Limited, the parent company of Hindustan Zinc Limited (HZL), has encumbered 50.1% of HZL's share capital. This encumbrance is in connection with the issuance of unsecured, listed, rated, non-convertible, redeemable Debentures of up to INR 5,000 Crore. The Debenture Trust Deed (DTD) requires Vedanta Limited to directly remain the legal and beneficial owner of 50.1% of HZL's share capital and directly control HZL until the full and final redemption of the Debentures. Vedanta Limited is also restricted from creating any security over or disposing of 50.1% of the entire issued share capital or voting rights in HZL. This encumbrance falls within the definition of the term 'encumbrance' provided under Chapter V of the SEBI (SAST) Regulations, 2011.