Vedanta Limited announced that a wholly owned subsidiary has been incorporated in the name of "Hindmetal Exploration Services Private Limited" by Hindustan Zinc Limited ("HZL"), a subsidiary of Vedanta Limited (the "Company"). The Certificate of Incorporation has been received on February 26, 2024 at 07:55 PM IST. Industry to which the entity being acquired belongs Exploration industry.

To explore, discover, develop and tap mineral resources including strategic minerals, deep-seated minerals and offshore minerals through systematic exploration of all types of mineral deposits and to participate in the auctioning of mining blocks containing critical minerals. HZL will pay in cash the subscription amount. HZL will fully subscribe 1,000 Equity Shares of Hindmetal Exploration Services Private Limited of the face value of INR 100/- each.

Hindmetal Exploration Services Private Limited is wholly owned subsidiary of HZL. Hindmetal Exploration Services Private Limited is a private limited company incorporated on February 26, 2024 under the provisions of the Companies Act, 2013, having CIN - U09900RJ2024PTC092955, with its registered office in the State of Rajasthan. Its main object is exploration of all types of minerals.

History/Turnover ­ Not applicable (as Hindmetal Exploration Services Private Limited is yet to commence its business operations).