Vedanta Iron and Steel Share Pledge
GLAS Agency (Hong Kong) Ltd has created an encumbrance on 2.20 billion shares (56.38% stake) of Vedanta Iron and Steel Ltd, securing a US$ 1 billion facility.
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- ₹9,600 Cr
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GLAS Agency (Hong Kong) Ltd has created an encumbrance on 2.20 billion shares (56.38% stake) of Vedanta Iron and Steel Ltd, securing a US$ 1 billion facility.
Promoters disclosed encumbrance over shares of Vedanta Iron and Steel Limited following a $1 Billion facility agreement, triggering Reg 31 disclosure requirements under Takeover Regulations.
GLAS Agency acted as security trustee for $1.75 billion in bonds, creating an encumbrance over 56.38% of Vedanta Iron And Steel. No direct pledge exists yet.
Vedanta Iron & Steel Ltd reported Q1 FY27 production figures, noting highest-ever pig iron output. Iron ore production rose 4% YoY to 2.6 Mn DMT.
Vedanta Iron and Steel appointed M/s. S.R. Batliboi & Co LLP as Statutory Auditor for 13 months. The appointment was approved during the July 1 board meeting.
Vedanta Iron and Steel clarified that there is no material event behind the recent share price movement. The company states all required disclosures have been made.
Vedanta Iron and Steel Ltd adopted an Insider Trading Prohibition Code under SEBI PIT Regulations. The code is available on the company's website for reference.
Vedanta Iron and Steel Ltd has submitted its audited financial statements for FY ended 31‑Mar‑2026. The year recorded a cash loss of Rs 3.66 Lakhs.