Please refer the enclosed intimation
Awaiting price reaction for this filing.
Hindustan Zinc Limited (HINDZINC, Scrip Code: 500188) informed the stock exchanges that India Ratings and Research (Ind-Ra) has withdrawn the rating assigned to the company's Commercial Paper (CP) programme of INR 50,000 million (₹5,000 crore) at the company's request, effective June 5, 2025. The withdrawal was initiated by HZL itself, not by the rating agency. The CP programme had maturities ranging from 7 to 365 days. The company has enclosed the rating withdrawal letter from Ind-Ra as part of the intimation to BSE and NSE.
This is a neutral corporate action — the company voluntarily requested withdrawal of the rating on its commercial paper programme. It does not signal any financial stress or default; rather, it typically means HZL does not currently need the CP market funding or has chosen to stop maintaining this specific rating. Shareholders should not read this as a negative credit event.