GLAS Agency Discloses Encumbrance on Vedanta Iron Shares

GLAS Agency (Hong Kong) Limited, acting as an agent for lenders, has disclosed an encumbrance on 2,204,724,753 equity shares of Vedanta Iron and Steel Limited (VISL), representing 56.38% of its total share capital. This encumbrance arises from a US$1,000,000,000 facility agreement dated July 15, 2026, involving Vedanta Resources Limited (VRL) and its subsidiaries. The disclosure is made under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as the conditions within the facility agreement are considered 'encumbrances' under Chapter V of the regulations. The agreement includes clauses that restrict the creation of further security over VISL shares and mandates VRL group to maintain control or at least 50.1% ownership if VISL becomes a Material Subsidiary.