Vedanta Power Ltd (VEDPOWER) — Insider Trading | 19 September 2026 (3 announcements)

Vedanta Resources Limited disclosed that its promoter group entities have created encumbrances on shares of Vedanta Power Limited held through subsidiaries Twin Star, Welter, and VHM II, securing newly issued Tap Bonds totaling $400 million across 2032, 2034, and 2037 maturities. The encumbrances, formalized via supplemental trust deeds with GLAS Agency as security trustee, restrict disposal of encumbered shares without regulatory approval and tie to existing bond covenants. No new pledges were created, but conditions under the Tap Bonds may qualify as encumbrances under SEBI takeover rules. The filing clarifies that prior disclosures covered original bond encumbrances, and this update specifically addresses the Tap Bonds' terms affecting promoter shareholdings.

Vedanta Resources Limited disclosed that its promoter group entities—Twin Star Holdings, Welter Trading, Vedanta Holdings Mauritius II, Vedanta Holdings Mauritius, and Vedanta Netherlands Investments—have created encumbrances on their holdings in Vedanta Power Limited due to the issuance of Tap Bonds. The encumbrances, tied to debt instruments with GLAS Agency as trustee, cover 99.99% of promoter shareholding and 56.38% of total share capital. No new pledges were created, but conditions in the Tap Bond terms may qualify as encumbrances under SEBI regulations. The filing clarifies that previous encumbrances stem from earlier bond facilities and that promoter control over VPL remains intact.

GLAS Agency (Hong Kong) Limited, acting as trustee and security agent for Tap Bond holders, disclosed that Vedanta Resources Finance II PLC created encumbrances on 2,204,724,753 VPL shares (56.38% of total) via trust deeds dated 13 July 2026 and 16 September 2026, subject to regulatory definitions under Takeover Regulations.