Hindalco to Acquire 100% Stake in EMIL Mines and Mineral Resources Limited
Filing Summary
Hindalco Industries Limited has entered into a Share Purchase Agreement on October 24, 2025, to acquire 100% equity of EMIL Mines and Mineral Resources Limited, a wholly owned subsidiary of Essel Mining & Industries Limited. The acquisition will be completed on or before November 30, 2025, after fulfilling the conditions precedent under the agreement. All other terms remain unchanged from the company’s previous disclosure dated May 20, 2025. Post completion, EMMRL will become a wholly owned subsidiary of Hindalco.
Hindalco Industries Limited has signed a Share Purchase Agreement (SPA) on October 24, 2025, to acquire the entire equity shareholding of EMIL Mines and Mineral Resources Limited (EMMRL). EMMRL is a wholly owned subsidiary of Essel Mining & Industries Limited (EMIL). Following completion of the acquisition, EMMRL will become a wholly owned subsidiary of Hindalco Industries.
The acquisition process is scheduled to be completed on or before November 30, 2025, subject to fulfillment of conditions precedent outlined in the SPA. The company stated that all other terms and conditions remain unchanged from its earlier communication made on May 20, 2025.
The disclosure has been made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the SEBI Master Circular dated November 11, 2024. Detailed information regarding the acquisition had already been submitted in the previous filing in May 2025, covering key aspects such as transaction structure, consideration, and rationale.
The present update confirms the formal signing of the SPA between Hindalco Industries, EMIL, and EMMRL, thereby moving the transaction to the completion stage. Upon closure, EMMRL will become a wholly owned subsidiary of Hindalco Industries Limited.
About EMIL Mines and Mineral Resources Limited (EMMRL)
EMMRL is engaged in the business of mining and mineral resource management. It operates as a subsidiary of Essel Mining & Industries Limited (EMIL), which is part of the Aditya Birla Group. EMMRL holds assets in the mining sector and provides support services related to mineral extraction and allied activities.
About Essel Mining & Industries Limited (EMIL)
Essel Mining & Industries Limited is part of the Aditya Birla Group and is one of India’s largest producers of iron ore and coal. The company also has businesses in renewable energy and manufacturing of noble ferro alloys. EMIL has diversified operations across mining, minerals, and infrastructure.
About Hindalco Industries Limited
Hindalco Industries Limited, a flagship metals company of the Aditya Birla Group, is engaged in the production of aluminium and copper. The company operates across the value chain, from bauxite mining and alumina refining to aluminium smelting and downstream products. It also manages copper smelting and refining operations in India and has a global presence through its subsidiary Novelis Inc. The company regularly undertakes strategic initiatives to strengthen its raw material base and supply chain integration.