Hindustan Zinc Limited (HZL) announced the rescission of a facility agreement originally dated December 30, 2025. This agreement involved facilities aggregating up to USD 80 million. The rescission, effective following the repayment of the facilities, lifts all prior restrictions previously placed on HZL by the borrower and guarantors, which are part of the promoter group. This development enhances HZL’s operational flexibility.
Hindustan Zinc Limited Announces Rescission of Facility Agreement
Hindustan Zinc Limited (HZL) has formally informed the stock exchanges of the rescission of a facility agreement. This agreement, initially dated December 30, 2025, pertained to facilities amounting to up to USD 80 million.
Key Parties and Agreement Details
While Hindustan Zinc Limited was not a direct party to the original agreement, the following entities were involved:
- Borrower: Vedanta Resources Limited
- Guarantor: Twin Star Holdings Ltd., Vedanta Holdings Mauritius II Limited, Welter Trading Limited
- Agent: Bank of Maharashtra IFSC Banking Unit
- Lenders: Bank of Maharashtra GIFT City Branch
Impact of Rescission
The facility agreement had stipulated certain actions and activities that HZL was restricted from undertaking unless permitted within its parameters. These restrictions were disclosed in an earlier intimation dated January 2, 2026. With the recent repayment of the facilities and the subsequent rescission of the agreement, all such previously imposed restrictions on Hindustan Zinc Limited have been released. This rescission is effective as of August 7, 2026.
Disclosure Rationale and Timeline
The disclosure is made pursuant to the obligations under Regulation 30 and 30A of the LODR. The delay in filing this intimation was attributed to the time required to complete the necessary processes for submission. Hindustan Zinc Limited assures timely compliance with applicable disclosure requirements moving forward.
Source: BSE
