Vedanta Promoters Create Encumbrance on Shares for Bonds

Vedanta Ltd's promoter group entities, including Twin Star Holdings and Vedanta Resources Limited, have disclosed the creation of encumbrances on shares of listed Indian subsidiaries. This action is in relation to the issuance of US$1.75 billion in guaranteed senior bonds by Vedanta Resources Finance II PLC due in 2032, 2034, and 2037. The encumbrance is a condition tied to the terms and conditions of these bonds, which may restrict the disposal of assets or shares under certain circumstances, including an Event of Default. No pledge has been created as of the disclosure date, and obligations take effect upon execution of supplemental trust deeds.