Hindustan Zinc Limited has informed the Exchange regarding 'Media Statement'.
HINDZINC · price
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Awaiting price reaction for this filing.
Hindustan Zinc's promoter Vedanta Limited (VEDL) released a media statement on July 9, 2025, strongly rebutting a research report by Viceroy Research published the same day. Vedanta called the report a 'malicious combination of selective misinformation and baseless allegations' designed to discredit the group. The company claimed Viceroy never contacted Vedanta before publishing, and noted the report contains publicly available information repackaged to trigger market reaction for profit. Vedanta hinted that the 'suspect timing' may be aimed at undermining 'forthcoming corporate initiatives,' though no specific initiatives were named. The filing was made under SEBI Regulation 30 disclosure requirements.
Short-term stock volatility is likely for both Vedanta and Hindustan Zinc as markets digest the allegations and the rebuttal. No fundamental change to operations is indicated, but investors should watch for follow-up disclosures or clarification on the 'forthcoming corporate initiatives' Vedanta referenced. The aggressive denial and accusations of profiteering suggest the company views this as a potential market-manipulation attempt.