Vedanta Aluminium Metal Limited

Trading Symbol: VAML

Disclosure of Promoter Group Bridge Facility Agreement

Vedanta Aluminium Metal Limited (VAML) received an intimation under Regulation 30A of the SEBI LODR Regulations from its promoter group entities on July 17, 2026 at 11:27 PM (IST) regarding a bridge facility agreement.

Main Agreement Details:

The Facility Agreement was executed on July 15, 2026 between:

  • Borrower: Twin Star Holdings Ltd (related party of VAML)
  • Guarantors: Vedanta Resources Limited (promoter group member holding 40.02% in VAML), Vedanta Holdings Mauritius II Limited (promoter group member with no direct shareholding), and Welter Trading Limited (promoter group member holding 12.60% in VAML)
  • Agent: Glas Agency (Hong Kong) Limited (not related to VAML)
  • Arrangers/Lenders: Citibank, N.A. (Original Lender), Citigroup Global Markets Asia Limited (Arranger), and Standard Chartered Bank (Arranger and Original Lender)

Financial Terms:

  • Total commitment: US$ 1,000,000,000 (One Billion US Dollars)

Purpose of Facility:

The facility has been entered into for:

(i) repayment of, and payment of interest and other amounts accrued on, Financial Indebtedness of the VRL Group (including amounts outstanding in respect of the Refinanced Existing Loans)

(ii) payment of any fees, costs and expenses incurred in connection with the transactions contemplated under the Finance Documents

(iii) general corporate purposes of the VRL Group, provided that no proceeds may be used to finance or refinance thermal coal infrastructure, used in violation of applicable law, or remitted to India

Impact on VAML:

VAML is not a party to the Facility Agreement and does not have any shareholding in any of the entities that are party to the agreement. No direct impact on the management or control of VAML. No liabilities have been imposed on VAML.

Restrictions on VAML:

Encumbrances have been created over the shares of VAML in terms of the Facility Agreement and related finance documents. Required disclosures under Regulation 29(1) and Regulation 31 of the Takeover Regulations have been made.

The Facility Agreement imposes the following restrictions on VAML:

(A) Restrictions effective from first Utilisation Date:

  • Creation of security over assets of VAML, over shares in VAML or in any Obligor holding shares in VAML, or securing indebtedness of the promoter (subject to carve-outs)
  • Sale, transfer and disposal of assets of VAML which are not in the ordinary course (subject to carve-outs)
  • Investment in or acquisition of material assets/business/shares by VAML in assets/businesses not associated with mining, metals, coal, oil and gas exploration and/or production
  • No encumbrance or restriction on distributions (subject to provisions)
  • Sale or disposal of shares of any Material Subsidiary held by any member of the Group if it would cease to be a Subsidiary of VRL

(B) Restrictions effective from date of Facility Agreement:

  • Entering into any material contract or arrangement with or for the benefit of any other person (including any disposal to that person) other than in the ordinary course of business and on arm's length terms (subject to provisions)

Related Party Status:

The Facility Agreement does not classify as a related party transaction under the LODR for VAML.

Regulatory Compliance:

Disclosure made pursuant to SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued by SEBI on January 30, 2026 and under Regulations 30 and 30A of the LODR read with Clause 5A, Para A, Part A, Schedule III of the LODR.