Vedanta Resources Disclosure on Share Encumbrance

Vedanta Resources Limited (VRL) has filed a disclosure under SEBI's Takeover Regulations regarding the creation of encumbrances over shares of its listed Indian subsidiaries, including Vedanta Aluminium Metal Ltd. This action is linked to the issuance of new 'Tap Bonds' by its subsidiary, Vedanta Resources Finance II PLC, totaling US$400 million across three tranches maturing in 2032, 2034, and 2037. The encumbrances arise from the terms and conditions of these bonds, which restrict the promoter group entities from creating security interests over their assets unless certain conditions are met. VRL has clarified that no direct pledge has been created on the equity shares of the listed subsidiaries in relation to these Tap Bonds as of the disclosure date.