Vedanta Iron & Steel Ltd (VISL) — Insider Trading | 19 September 2026 (3 announcements)

Vedanta Resources Limited disclosed creation of encumbrance over shares of Vedanta Iron & Steel Limited (VISL) held by promoter group entities Twin Star, Welter, and VHM II, linked to recent Tap Bond issuances. The encumbrance, tied to trust deeds with GLAS Agency, restricts promoter share transfers without conditions met, though no direct pledge on VISL shares exists. Post-event holdings remain unchanged from prior encumbrances, maintaining 56.38% promoter ownership. The Tap Bonds, totaling $400 million across 2032, 2034, and 2037 maturities, were issued to refinance existing debt. This disclosure complies with SEBI takeover norms for encumbrance reporting.

Vedanta Resources Limited disclosed that its promoter group entities—Twin Star Holdings, Welter Trading, and Vedanta Holdings Mauritius II—have created encumbrances on their holdings in Vedanta Iron & Steel Limited (VISL) to secure newly issued Tap Bonds, with no pledges or liens on VISL shares as of 16 September 2026. The encumbrance covers 56.38% of VISL's total share capital, reflecting a 99.99% encumbrance of promoter holdings, and is tied to debt instruments issued by Vedanta Resources Finance II PLC, including US$125M 7.000% bonds due 2032, US$50M 7.375% bonds due 2034, and US$225M 7.750% bonds due 2037, all under trust deeds with GLAS Agency. The disclosures comply with SEBI Takeover Regulations and clarify that existing encumbrances stem from prior financing arrangements, with no new pledges created.

GLAS Agency (Hong Kong) Limited, acting as trustee and security agent for Tap Bonds holders, disclosed creation of encumbrance over Vedanta Iron & Steel Ltd's shares via pledge of 2,204,724,753 shares representing 56.38% of total voting capital, maintaining unchanged post-acquisition holding as per Takeover Regulations.