The Exchange has sought clarification from Hindustan Zinc Limited with respect to recent news item captioned Vedanta, HZL shares fall up to 8% after short-seller alleges 'material discrepancies' in financials. The response from the Company is attached.
HINDZINC · price
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On the reaction day the stock moved 0.1 pts less than Nifty 100 and 1.0 pts less than its Non - Ferrous Metals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Hindustan Zinc has responded to a clarification sought by BSE and NSE regarding a CNBC TV18 news article in which a short-seller alleged 'material discrepancies' in the company's financials, causing HZL and Vedanta shares to fall up to 8%. The company stated it had already filed a prior intimation on the matter (Letter No. HZL/2025-26/SECY/41). It reiterated its commitment to complying with SEBI's Listing Obligations and Disclosure Requirements and promised to keep exchanges informed of all material information. No specific denial or rebuttal of the short-seller's claims was provided in this letter.
The clarification is procedural and does not directly address or rebut the short-seller's allegations, which may keep investors cautious and add to short-term volatility. Shareholders should watch for the earlier intimation (Letter No. HZL/2025-26/SECY/41) for substantive details on the company's position.