Vedanta Resources Ltd has submitted to the Exchange a cop of Disclosure under Regulation 31 of the SEBI (SAST) Regulations, 2011.
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Vedanta Resources Limited (VRL), the parent company of Vedanta Limited (VEDL), has disclosed an amendment to its facility agreement. The original facility of US$ 350 million (January 2026) has been increased to US$ 600 million through an amended and restatement deed dated 13 May 2026. As part of this agreement, a negative lien has been created on VEDL shares held by five of VRL's subsidiaries acting as guarantors. The encumbered entities include Twin Star Holdings (40.02%), Vedanta Holdings Mauritius II (12.60%), Vedanta Holdings Mauritius (2.75%), Welter Trading (0.98%), and Vedanta Netherlands Investments (0.04%), collectively holding 56.38% of VEDL. Two new lenders joined the consortium: Bank of Maharashtra and Sumitomo Mitsui Banking Corporation. The disclosure clarifies that no pledge has been created, only negative liens. VRL Group is required to maintain at least 50.1% control over VEDL.
This filing indicates Vedanta Resources has significantly increased its debt facility while keeping the same share encumbrance structure. The 56.38% promoter stake remains under encumbrance as security, with no new pledge created. Shareholders should note that this is a regulatory disclosure under takeover regulations, not necessarily a negative development, but highlights the significant debt levels and lender security arrangements over a majority stake.