SBICAP Trustee Company Limited has issued disclosures regarding the release of a Non-Disposal Undertaking (NDU) concerning shares of Hindustan Zinc Limited. This release impacts the encumbered shareholding, reducing the previously held NDU from 26.00% to 24.10% after the update. The transaction, dated September 2, 2026, relates to securities held as collateral for facilities granted to Vedanta Limited.
Key Disclosure on Hindustan Zinc Shares
SBICAP Trustee Company Limited, acting as Security Trustee, has formally disclosed the release of a Non-Disposal Undertaking (NDU) pertaining to shares of Hindustan Zinc Limited. This disclosure is made in accordance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Details of Share Encumbrance and Release
Prior to this release, Vedanta Limited had encumbered shares of Hindustan Zinc Limited through a pledge of 10,31,29,335 equity shares (2.44%) and a Non-Disposal Undertaking of 2,11,68,84,819 equity shares (50.10%). The NDU was created in favour of SBICAP Trustee Company Limited to secure facilities granted to Vedanta Limited.
Following the release, the NDU for 1,09,85,82,940 equity shares (26.00%) has been adjusted. As of the date of release, the encumbered shares comprising the pledge and the revised NDU now stand at 1,09,85,82,940 equity shares, representing 26.00% of the paid-up share capital of Hindustan Zinc Limited. The effective date for this transaction is August 31, 2026.
Source: BSE
