The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Axis Trustee Services Ltd

Axis Trustee Services Ltd, acting as debenture trustee for Vedanta Limited's ₹2,575 crore unsecured non-convertible debentures (issued on private placement, face value ₹1 lakh each), has filed a disclosure under SEBI Takeover Regulations. Under a Debenture Trust Deed dated March 12, 2026, Vedanta is required to remain the direct legal and beneficial owner of 50.1% of HZL's share capital and cannot create security over or dispose these shares until the debentures are fully redeemed. This obligation has been treated as an 'encumbrance' (non-disposal undertaking) over 2,116,884,819 HZL shares (50.10%) as on March 12, 2026. Separately, a minor release of pledge on 9,591,486 HZL shares (0.23% of capital) occurred in June 2025, which did not require an earlier disclosure as it was below the 2% threshold. Post these changes, total encumbrance stands at 2,204,309,221 HZL shares (52.17%), comprising 87,424,402 pledged shares (2.07%) and 2,116,884,819 shares under non-disposal undertaking (50.10%).