The Exchange has received the Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 on May ....
HINDZINC · price
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Vedanta Limited, the promoter of Hindustan Zinc Ltd (HZL) holding 63.42% (about 267.95 crore shares), has created a new pledge on 54,224,928 HZL equity shares (1.28% of total share capital) in favour of Axis Trustee Services Limited on May 2, 2025. This pledge is linked to a credit facility availed by a wholly-owned subsidiary of Vedanta under a Facility Agreement dated February 4, 2025. With this addition, Vedanta's total encumbered HZL shares stand at 90.32% of its promoter holding — well above the 50% threshold that triggers this disclosure. The filing is a continuation of Vedanta's February 6, 2025 disclosure and is made under SEBI SAST Regulation 31 to explain the reasons for encumbrance.
Investors should note that nearly all of Vedanta's HZL stake is now pledged as collateral, meaning any default on the underlying loan could put these shares at risk of forced sale — a negative overhang on the stock. The incremental pledge is small (1.28%), but the high overall pledging level signals elevated promoter leverage.