Vedanta Limited Restricted from Creating Security or Disposing HZL Shares Due to Debenture Trust Deed

Vedanta Limited (VEDL) has issued unsecured, listed, rated, redeemable, non-convertible Debentures (Debentures) of X 2,575 Crore on a private placement basis. The Debenture Trust Deed (DTD) with Axis Trustee Services Limited, as the Debenture Trustee, requires VEDL to directly remain the legal and beneficial owner of 50.1% of the share capital of HZL and directly control HZL until full and final redemption of the Debentures. VEDL 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 restriction falls within the definition of the term 'encumbrance' under Chapter V of the Takeover Regulations.