Hindustan Zinc Limited has informed the Exchange about Agreements
HINDZINC · price
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Hindustan Zinc Limited (HZL) disclosed a Facility Agreement dated December 30, 2025, entered into by its related parties — Vedanta Resources Limited (Borrower), Twin Star Holdings, Vedanta Holdings Mauritius II, and Welter Trading (Guarantors) — with Bank of Maharashtra as the Lender. HZL is not a party to this USD 80 million facility. The purpose is part-repayment of an intercompany loan availed by Twinstar Holding from the VRL Group, payment of related interest and fees, and ensuring that no proceeds are routed to India. The agreement includes standard covenants and events of default, and from the first utilisation date, HZL faces restrictions on amending its constitutional documents in ways that could adversely affect the lenders' rights.
No direct impact on HZL's shareholders — the company is not a party, bears no liability, and faces no change in management or control. The disclosure is a routine regulatory filing under SEBI's related-party agreement rules, though it signals ongoing debt restructuring activity within the Vedanta promoter group.