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# ![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:26/cr:twitter::812145753338548224.png) @viceroyresearch Viceroy

Viceroy posts on X about $vedl, $hzl, debt, india the most. They currently have XXXXXX followers and XXX posts still getting attention that total XXXXX engagements in the last XX hours.

### Engagements: XXXXX [#](/creator/twitter::812145753338548224/interactions)
![Engagements Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::812145753338548224/c:line/m:interactions.svg)

- X Week XXXXXX -XX%
- X Month XXXXXXX +1,543%
- X Months XXXXXXX -XX%
- X Year XXXXXXXXX -XX%

### Mentions: XX [#](/creator/twitter::812145753338548224/posts_active)
![Mentions Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::812145753338548224/c:line/m:posts_active.svg)

- X Week XX -XXXX%
- X Month XXX +1,000%
- X Months XXX -XX%
- X Year XXX +126%

### Followers: XXXXXX [#](/creator/twitter::812145753338548224/followers)
![Followers Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::812145753338548224/c:line/m:followers.svg)

- X Week XXXXXX +0.11%
- X Month XXXXXX +4.20%
- X Months XXXXXX +4%
- X Year XXXXXX +5%

### CreatorRank: XXXXXXX [#](/creator/twitter::812145753338548224/influencer_rank)
![CreatorRank Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::812145753338548224/c:line/m:influencer_rank.svg)

### Social Influence [#](/creator/twitter::812145753338548224/influence)
---

**Social category influence**
[finance](/list/finance)  XXXX% [countries](/list/countries)  XXXX% [cryptocurrencies](/list/cryptocurrencies)  XXXX%

**Social topic influence**
[$vedl](/topic/$vedl) #1, [$hzl](/topic/$hzl) #1, [debt](/topic/debt) #675, [india](/topic/india) 2.65%, [$abr](/topic/$abr) #1, [$glj](/topic/$glj) 2.21%, [$hzls](/topic/$hzls) 2.21%, [dividend](/topic/dividend) #71, [zinc](/topic/zinc) 1.77%, [clo](/topic/clo) XXXX%

**Top accounts mentioned or mentioned by**
[@aimhonesty](/creator/undefined) [@civisxxi](/creator/undefined) [@gabe_bernarde](/creator/undefined) [@parrotcapital](/creator/undefined) [@aayusha43626](/creator/undefined) [@grenkeag](/creator/undefined) [@hexagonab](/creator/undefined) [@greenbridgelu](/creator/undefined) [@ashishb_1](/creator/undefined) [@ashishgupta0164](/creator/undefined) [@massivele50137](/creator/undefined) [@saladspinner2](/creator/undefined) [@mikealolsson](/creator/undefined) [@olarollen](/creator/undefined) [@arbsridhar](/creator/undefined) [@pricklypear141](/creator/undefined) [@nycx0x](/creator/undefined) [@withritesh](/creator/undefined) [@bluntrrrrr](/creator/undefined) [@mragile_](/creator/undefined)

**Top assets mentioned**
[Arbor Realty Trust, Inc. (ABR)](/topic/$abr) [Scallop (SCA)](/topic/$sca)
### Top Social Posts [#](/creator/twitter::812145753338548224/posts)
---
Top posts by engagements in the last XX hours

"Excellent thread simplifying @Grenke_ag auditor statements with a brilliant finale #Kudos to @dsquareddigest. $GLJ"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1395711401281392644) 2021-05-21 12:01:43 UTC 46.4K followers, XX engagements


"Viceroy are investigating BaFins damning statements about @grenke_ag's '19 annual report. We believe this will lead to significant restatements & await further findings from their investigation. This is a total failure of compliance by #Grenke. $GLJ 1/2"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1420065415586140162) 2021-07-27 16:55:53 UTC 46.3K followers, XX engagements


"Vedanta Zinc Twice Before You Act $HZL's unapproved brand fees carry an undisclosed termination clause and appear to trigger an event of default and a sovereign call/put per its SHA with the Government of India. $VEDL #thread 1/"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1945694965004403110) 2025-07-17 04:00:03 UTC 46.3K followers, 10.9K engagements


"Link to Zinc Twice Before You Act report $VEDL $HZL 2/:"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1945694969622139302) 2025-07-17 04:00:04 UTC 46.4K followers, XXX engagements


"$ABR's underlying CLO Debt Service Coverage Ratio (DSCR) has deteriorated to approximately 0.50x down sharply from 0.60x at year-end 2024. This includes Viceroys corrections to obviously misreported debt servicing costs made by Arbor to the US Bank Trustee. 3/"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1948372605695627299) 2025-07-24 13:20:02 UTC 46.4K followers, XXX engagements


"Multiple whistleblowers confirm $HZLs Nov/Dec 2023 brand fee was never placed before the board. The preceding BSS already breached the SHA. Misra carefully avoids saying it was approved only discussed before being finalized. No board minutes. No approval. No paperwork"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1946228133796958597) 2025-07-18 15:18:40 UTC 46.4K followers, 6062 engagements


"EARNINGS CALL HZLs CEO Arun Misra credited offshore brand fees (paid in advance) as justifiable by past risks undertaken by Vedanta as a shareholder of HZL. This is preposterous. $HZL $VEDL 7/"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1947142761590726817) 2025-07-21 03:53:05 UTC 46.4K followers, XXX engagements


"We look forward to giving you an update shortly after Arbor's earnings. Watch this space $ABR 7/end"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1948372616760205725) 2025-07-24 13:20:05 UTC 46.4K followers, 2064 engagements


"If $HZL's dividend remains the same as last year we estimate HZL will incur an annual FCF shortfall of at least 5000 crore ($580m) and must be funded by moredebt. Disclosures suggest $HZL incurred 2000 crore ($232m) of new debt in Q1 FY26. 5/"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1947142755555143766) 2025-07-21 03:53:03 UTC 46.3K followers, XXX engagements


"Barclays are out the gate: - Claim our VRL PropCo interest rate calculations are wrong and that cost of debt is down 300bps in FY25. This is obviously false. The cost of debt has increased immesely in FY2025 irrespective of EOP debt movements. - Reinforces our thesis that VEDL selling assets to fund dividends it cannot afford however still frames our analysis as wrong. VEDL net debt accounting for WC changes has tripled since 2022. - Claims all of our other analysis is "unsubstantiated". Does not attempt to discredit. Instead analyst goes into long-winded talk about an unsubstantiated"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1943231980943860020) 2025-07-10 08:53:02 UTC 46.3K followers, 6019 engagements


"This is not our first rodeo. Report is now live: $VEDL 2/"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1947142746466058251) 2025-07-21 03:53:01 UTC 46.4K followers, XXX engagements


"This scheme was devised to facilitate VEDLs remittance of brand fees to Vedanta Resources (VRL) in April 2025 when it faced a severe liquidity crisis and needed to remit brand fees to VRL. $VEDL 3/"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1946056790187163830) 2025-07-18 03:57:49 UTC 46.3K followers, XXX engagements


"CFO Sandeep Modis 10000 crore ($1.17b) free cash flow claim collapses under scrutiny. Cash flows are subsidized by debt. $VEDL 4/"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1947142753319600313) 2025-07-21 03:53:03 UTC 46.3K followers, XXX engagements


"Vedanta Vedanta Semiconductor: 2500 Crore Dhokhe Ka Samrajya Under pressure to pay brand fees $VEDL routed a 2500 crore loan through a company doing XXX crore in sham operations hoping regulators didnt look. 1/"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1946056781840400385) 2025-07-18 03:57:47 UTC 46.4K followers, 7968 engagements


"OTHER RELATED PARTY DEALS Viceroy have previously detailed other significant related party transactions between HZL and promoter companies. These transactions are subject to the same Special Matter Provisions under Clause XXX of the Hindustan Zinc SHA. $HZL $VEDL 13/"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1945695010130919826) 2025-07-17 04:00:14 UTC 46.4K followers, XXX engagements


"In FY24 sales to HZL exceeded Minova Runayas total revenue amounting to XXX% of total revenue. This is a mathematical impossibility. $VEDL $HZL 6/"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1947891919939387394) 2025-07-23 05:29:58 UTC 46.4K followers, XXX engagements


"Arbor - July 2025 CLO Update & 10-Q Forecasts. Arbor severely misreport delinquencies total debt and debt servicing costs. Meanwhile: underlying DSCR fall to record lows and spreads flatten at record lows. $ABR 1/"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1948372598993137869) 2025-07-24 13:20:01 UTC 46.4K followers, 5241 engagements


"Vedanta HZL Earnings & Legal Opinions As $HZL management lie to investors amid earnings misses: the Promoter Group purchases a legal-opinion (paid by $VEDL) on Viceroys credibility as a means of self-validation. 1/"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1947142742858944710) 2025-07-21 03:53:00 UTC 46.4K followers, 5489 engagements


"Vedanta Our Letter to SEBI On July XX 2025 Viceroy Research submitted the attached letter to various offices within SEBI. Despite the gravity of the issues raised we have received no response or acknowledgment. $HZL $VEDL 1/"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1948595526624063624) 2025-07-25 04:05:51 UTC 46.4K followers, 5300 engagements


"$HZL's auditor SR Batliboi failed to investigate material concerns relying entirely on management assertions while the companys capital base deteriorated and governance collapsed. $EVDL 6/"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1947142757752979742) 2025-07-21 03:53:04 UTC 46.4K followers, XXX engagements


"Good morning @FinancialXpress. To clarify: - Viceroy has never been fined by the FCA in the UK for any reason. - The Australian securities regulator has never "sued" Viceroy or its members - Viceroy has never been short "Ramsay Health Care" It is because of journalism like this that we are still in business. Thank you"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1943129476352663711) 2025-07-10 02:05:43 UTC 46.3K followers, 7101 engagements


"Vedantas shares in HZL bear the same risk as every other equity holder including the GoI. If anything it is HZL and its non-promoter shareholders that have borne the outsized risk of HZL taking outsized loans to pay unaffordable dividends to Promoters. $VEDL $HZL 8/"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1947142765403410451) 2025-07-21 03:53:06 UTC 46.4K followers, XXX engagements


"Vedanta - Meet the Agarwals Serentica Renewables The Agarwal family has quietly built a parallel related party operating units to poach high-margin contracts from and enjoy non-arms-length financing from $VEDL $HZL and BALCO. This is fraud. #thread 1/"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1945365702992384291) 2025-07-16 06:11:41 UTC 46.4K followers, 9334 engagements


"These PDAs are signed on a cost-plus basis effectively guaranteeing Serentica an operating profit regardless of its efficiency. Accordingly these PDAs effectively become assets. $VEDL 4/"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1945365710974120371) 2025-07-16 06:11:43 UTC 46.4K followers, XXX engagements


"$HZL faces a ticking financial time bomb in the form of massive unresolved tax and royalty disputes. As of FY25 the company disclosed a total of 15156 crore ($1.68b) in undisputed statutory dues and 2663 crore ($308m) in contingent liabilities under litigation. $VEDL 16/"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1945695020855492841) 2025-07-17 04:00:16 UTC 46.4K followers, 1736 engagements


"Arbor has re-modified $426m of loans in June and July 2025. Most of these loans had already been modified since Q4 2024 some as recently as April 2025. $ABR 5/"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1948372610724548631) 2025-07-24 13:20:04 UTC 46.4K followers, XXX engagements


"Generally unsurprising that Barclays defend their own capital raising work at both VEDL and VRL along with every other "buy" analyst. $VEDL"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1943235544961413185) 2025-07-10 09:07:12 UTC 46.3K followers, 3250 engagements


"$VEDL RHZL & BALCO invested in 2000 crore ($234m) of OCRPS hybrids in Serenticas SPVs. These hybrids entitle the VEDL entities to a comical dividend of XXXXXX% of face value per annum. 5/"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1945365713427759535) 2025-07-16 06:11:43 UTC 46.4K followers, XXX engagements


"September XX 2024 Roughly for every rupee of dividend that the government as the shareholder gets the Vedanta Group nonchalantly pockets more than two rupees most of which gets bankrolled to the UK-located parent company of the Vedanta Group to help lessen its massive debt of billions of dollars which the latter is unable to repay otherwise. The rest of the dividend amount cornered by the group goes to repay the debt of the domestic company. In other words your Ministry ably supported by the Ministry of Mines is complicit in helping the Vedanta Group drain HZLs scarce resources to fund the"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1948595536614883574) 2025-07-25 04:05:53 UTC 46.4K followers, XXX engagements


"The loan proceeds were remitted to VEDL when VSPL sanctioned a 2500 crore ($293m) XX% loan. 2408 crore ($282m) of this loan was disbursed in FY25. $VEDL 11/"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1946056817210974382) 2025-07-18 03:57:55 UTC 46.4K followers, XXX engagements


""Govt nominees on Hindustan Zinc board may quiz management on Vedanta tomorrow." - @EconomicTimes $VEDL $HZL"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1945357583042175244) 2025-07-16 05:39:25 UTC 46.3K followers, 5631 engagements


"Delinquent loans have risen sharply since our last update in May 2025 from $750m to $1048m an increase of 40%. Delinquent loans now represent XX% of the CLO loan book. $242m of these delinquencies are XX days. $ABR 4/"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1948372608459681984) 2025-07-24 13:20:03 UTC 46.4K followers, XXX engagements


"HZL EARNINGS CALL HZL paid out far more in dividends than it earned borrowing to cover the shortfall. We estimate HZLs FCF shortfall in Q1 to be 3600 crore ($371m). $VEDL 3/"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1947142748970074409) 2025-07-21 03:53:02 UTC 46.4K followers, XXX engagements


"Audits are really putting the pressure on @Grenke_ag who may publish results w/out audit opinions. Wonder how #BaFin & bondholders feel about that Uncommon for company under investigation w/ disagreements & control flaws: Steinhoff anyone $GLJ #Grenke"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1379739029642616832) 2021-04-07 10:13:13 UTC 46.3K followers, XX engagements


"We observe in April that Arbor net interest spreads have flattened at record lows across the entire portfolio. Arbor has faced net interest spread reductions of up to XX% across its CLO portfolios. 6/ $ABR"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1948372613010526433) 2025-07-24 13:20:04 UTC 46.4K followers, 2324 engagements


"During its years as a $VEDL shareholder BJSTs only known activities centered on political donations and lobbying not employee welfare. The @OCCRP found that BJST made direct donations to BJP then lobbied relentlessly for the relaxation of environmental restrictions. 5/"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1945000199664931233) 2025-07-15 05:59:18 UTC 46.3K followers, XXX engagements


"Vedanta Meet the Agarwals Minova Runaya Agarwal-owned JV siphons margins from $HZL by marking-up commoditized goods and selling them to HZL on an exclusive uncommercial contract. Minova Runaya has been stealing profits from HZL for over X yearsandcounting. $VEDL 1/"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1947891905179627599) 2025-07-23 05:29:54 UTC 46.4K followers, 7064 engagements


"Vedanta Viceroys Letter to the Government of India on the Looting of Hindustan Zinc In the absence of a response we are publishing our letter to the Government of India about the rampant looting at Hindustan Zinc Limited. $HZL $VEDL"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1948259156672008517) 2025-07-24 05:49:14 UTC 46.4K followers, 6162 engagements


"We understand that Grenke IR confirmed that BaFin has restricted Grenke Bank's SME lending activities over compliance and KYC concerns: "there was a problem in terms of quality of the credit checks". $GLJ 1/2"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1462783054435471368) 2021-11-22 14:00:32 UTC 46.4K followers, XX engagements


"BJST and PTCC are not just undisclosed related parties they represent serious legal exposure for Vedanta and VRL. Their structure and activities appear to breach multiple disclosure and governance laws. $VEDL 7/"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1945000208552620047) 2025-07-15 05:59:20 UTC 46.4K followers, 3053 engagements


"The sale of @grenke_ag stake in @viafintech affirms our belief that #grenke is fundamentally an over-risked & obsolete lessor behind the veneer of fintech hype. Viceroy awaits the results of several investigations which have found AML accounting & risk management failures. $GLJ"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1429737296052502528) 2021-08-23 09:28:29 UTC 46.3K followers, XX engagements


"Vedanta Limited Resources Viceroy is short of Vedanta Resources (PropCo) the heavily indebted parent & majority owner of Vedanta Limited (NSE : VEDL). The group structure is financially unsustainable operationally compromised & resembles a Ponzi scheme. $VEDL 1/"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1942833615311654944) 2025-07-09 06:30:04 UTC 46.4K followers, 128.2K engagements


"$HZL FINANCIALS $HZL's capital structure is subject to immense stress due to the PropCos looting. HZL's balance sheet has shifted from a 16000 crore net-cash position to a 8700 crore net debt position in a matter of 5-6 years a delta of 24700 crore. $EVDL 14/"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1945695015474466875) 2025-07-17 04:00:15 UTC 46.4K followers, XXX engagements


"Vedanta just slapped a homepage pop-up touting a week-old legal opinion one already skewered by us and others prominent figures for being lazy bought and irrelevant. The kicker It defends promoters extracting billions from India. $VEDL $HZL"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1948607681285038320) 2025-07-25 04:54:09 UTC 46.4K followers, 8790 engagements


"Vedanta - Hidden Holdings BJST and PTCC $VEDL and $HZL shareholders Bhadram Janhit Shalika Trust and PTC Cables appear to be undisclosed Agarwal-controlled entities funneling intended employee benefits into politics. 1/"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1945000187262378430) 2025-07-15 05:59:15 UTC 46.3K followers, 11.9K engagements


"HZL does not make sufficient cash flows to support enormous dividends. HZL has incurred a 23800 crore FCF shortfall against dividends since 2019. As demonstrated above $HZL has supplemented this with debt. $VEDL 15/"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1945695018435367045) 2025-07-17 04:00:16 UTC 46.4K followers, XXX engagements


"Viceroy isnt the only one stating the obvious. #Vedanta rolled out a former Chief Justice to defend the indefensible. Now even he wont stand by his own opinion. No answers on debt. No clarity on dividend raids. No transparency on related-party looting. Just silence. $VEDL #HZL"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1948001035064377444) 2025-07-23 12:43:33 UTC 46.4K followers, 7246 engagements


"Dr E.A.S. Sarma is a distinguished civil servant and intellectual known for his integrity environmental advocacy and policy expertise. He was Secretary of Ministry of Power Secretary of Ministry of Finance and Principal Energy Adviser to the GoI. $VEDL $HZL 4/"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1948595534488363414) 2025-07-25 04:05:53 UTC 46.4K followers, XXX engagements


"Since FY21 Minova Runaya has disclosed XXX crore ($63.5m) in tangible asset sales to HZL while only carrying XX ($7.7m) crore of tangible assets on its balance sheet. $VEDL $HZL 7/"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1947891922871128123) 2025-07-23 05:29:59 UTC 46.4K followers, XXX engagements


"Viceroy is short US denominated bonds of a UK company Vedanta Resources. We are held accountable and have communicated with the FCA and the SEC/DOJ with whom we have engaged constructively in various investigations. $VEDL 1/"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1945097611632943241) 2025-07-15 12:26:23 UTC 46.4K followers, 12K engagements


"$SCA back to same old tricks. Won't revalue forest down. Ramps harvesting 11%. Borrows 700m SEK to pay dividend"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1948630546982072528) 2025-07-25 06:25:00 UTC 46.4K followers, 3381 engagements


"July XX 2025 In my view your Ministry and the Finance Ministry have been jointly complicit in allowing the Vedanta Group to syphon off HZLs funds for its own undue benefit without caring to ensure that Zinc mining in India remained sustainable and that that the countrys scarce Zinc resources are not wantonly exhausted to serve the narrow short-term interests of the Vedanta Group. I am sure that an independent judicial enquiry will bring out the complicity in all its dimensions. Instead a more prudent approach on your Ministry would be to (i) review HZLs dividend policy from the public"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1948595542763696261) 2025-07-25 04:05:55 UTC 46.4K followers, 2457 engagements


"BRAND FEES On October X 2022 Vedanta Limited imposed a brand fee on Hindustan Zinc. We believe this brand fee is an uncommercial contract with VEDL who does not appear to provide any brand management or other auxiliary services to $HZL. $VEDL 3/"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1945694972541649387) 2025-07-17 04:00:05 UTC 46.4K followers, XXX engagements


"Our concerns are not new. Dr E.A.S. Sarma has been rightfully calling out the looting of $HZL and its consequencesto the GoI foryears. $VEDL 3/"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1948595532689277282) 2025-07-25 04:05:52 UTC 46.4K followers, XXX engagements


"THE HIDDEN LIQUIDITY CRISIS In 2024 Vedanta Limited (VEDL) faced a severe liquidity crisis. In response $VEDL reactivated VSPL not as a semiconductor venture but as a zero-margin trading entity whose operations appear to consist entirely of paper-based commodity trading 4/"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1946056792921837850) 2025-07-18 03:57:50 UTC 46.3K followers, XXX engagements


"Vedanta is Crippling HZL writes Former Finance Secretary to the Government of India EAS Sarma. @countercurrents. So far the @Vedanta_Group have neglected to answer our questions sent a week ago. The silence is deafening"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1946099782495203548) 2025-07-18 06:48:39 UTC 46.4K followers, 4997 engagements


"June XX 2025 Under Section XXX of the Companies Act it is illegal for a company to pay dividends from any source other than profits. During the time frame 2017-18 till date HZL has paid more than Rs 80000 crores often in excess of yearly profits implying diversion of its internal resources for that purpose. The Vedanta Group which has an equity share of XXXXX% has thus paid itself more than Rs 50000 Crores during that period whereas the government with an equity share of XXXXX% would have received around Rs 20000 Crores. Your Ministry has evidently welcomed the inflow of such a large dividend"  
![@viceroyresearch Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::812145753338548224.png) [@viceroyresearch](/creator/x/viceroyresearch) on [X](/post/tweet/1948595540721074218) 2025-07-25 04:05:54 UTC 46.4K followers, 2496 engagements

[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]

@viceroyresearch Avatar @viceroyresearch Viceroy

Viceroy posts on X about $vedl, $hzl, debt, india the most. They currently have XXXXXX followers and XXX posts still getting attention that total XXXXX engagements in the last XX hours.

Engagements: XXXXX #

Engagements Line Chart

  • X Week XXXXXX -XX%
  • X Month XXXXXXX +1,543%
  • X Months XXXXXXX -XX%
  • X Year XXXXXXXXX -XX%

Mentions: XX #

Mentions Line Chart

  • X Week XX -XXXX%
  • X Month XXX +1,000%
  • X Months XXX -XX%
  • X Year XXX +126%

Followers: XXXXXX #

Followers Line Chart

  • X Week XXXXXX +0.11%
  • X Month XXXXXX +4.20%
  • X Months XXXXXX +4%
  • X Year XXXXXX +5%

CreatorRank: XXXXXXX #

CreatorRank Line Chart

Social Influence #


Social category influence finance XXXX% countries XXXX% cryptocurrencies XXXX%

Social topic influence $vedl #1, $hzl #1, debt #675, india 2.65%, $abr #1, $glj 2.21%, $hzls 2.21%, dividend #71, zinc 1.77%, clo XXXX%

Top accounts mentioned or mentioned by @aimhonesty @civisxxi @gabe_bernarde @parrotcapital @aayusha43626 @grenkeag @hexagonab @greenbridgelu @ashishb_1 @ashishgupta0164 @massivele50137 @saladspinner2 @mikealolsson @olarollen @arbsridhar @pricklypear141 @nycx0x @withritesh @bluntrrrrr @mragile_

Top assets mentioned Arbor Realty Trust, Inc. (ABR) Scallop (SCA)

Top Social Posts #


Top posts by engagements in the last XX hours

"Excellent thread simplifying @Grenke_ag auditor statements with a brilliant finale #Kudos to @dsquareddigest. $GLJ"
@viceroyresearch Avatar @viceroyresearch on X 2021-05-21 12:01:43 UTC 46.4K followers, XX engagements

"Viceroy are investigating BaFins damning statements about @grenke_ag's '19 annual report. We believe this will lead to significant restatements & await further findings from their investigation. This is a total failure of compliance by #Grenke. $GLJ 1/2"
@viceroyresearch Avatar @viceroyresearch on X 2021-07-27 16:55:53 UTC 46.3K followers, XX engagements

"Vedanta Zinc Twice Before You Act $HZL's unapproved brand fees carry an undisclosed termination clause and appear to trigger an event of default and a sovereign call/put per its SHA with the Government of India. $VEDL #thread 1/"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-17 04:00:03 UTC 46.3K followers, 10.9K engagements

"Link to Zinc Twice Before You Act report $VEDL $HZL 2/:"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-17 04:00:04 UTC 46.4K followers, XXX engagements

"$ABR's underlying CLO Debt Service Coverage Ratio (DSCR) has deteriorated to approximately 0.50x down sharply from 0.60x at year-end 2024. This includes Viceroys corrections to obviously misreported debt servicing costs made by Arbor to the US Bank Trustee. 3/"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-24 13:20:02 UTC 46.4K followers, XXX engagements

"Multiple whistleblowers confirm $HZLs Nov/Dec 2023 brand fee was never placed before the board. The preceding BSS already breached the SHA. Misra carefully avoids saying it was approved only discussed before being finalized. No board minutes. No approval. No paperwork"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-18 15:18:40 UTC 46.4K followers, 6062 engagements

"EARNINGS CALL HZLs CEO Arun Misra credited offshore brand fees (paid in advance) as justifiable by past risks undertaken by Vedanta as a shareholder of HZL. This is preposterous. $HZL $VEDL 7/"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-21 03:53:05 UTC 46.4K followers, XXX engagements

"We look forward to giving you an update shortly after Arbor's earnings. Watch this space $ABR 7/end"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-24 13:20:05 UTC 46.4K followers, 2064 engagements

"If $HZL's dividend remains the same as last year we estimate HZL will incur an annual FCF shortfall of at least 5000 crore ($580m) and must be funded by moredebt. Disclosures suggest $HZL incurred 2000 crore ($232m) of new debt in Q1 FY26. 5/"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-21 03:53:03 UTC 46.3K followers, XXX engagements

"Barclays are out the gate: - Claim our VRL PropCo interest rate calculations are wrong and that cost of debt is down 300bps in FY25. This is obviously false. The cost of debt has increased immesely in FY2025 irrespective of EOP debt movements. - Reinforces our thesis that VEDL selling assets to fund dividends it cannot afford however still frames our analysis as wrong. VEDL net debt accounting for WC changes has tripled since 2022. - Claims all of our other analysis is "unsubstantiated". Does not attempt to discredit. Instead analyst goes into long-winded talk about an unsubstantiated"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-10 08:53:02 UTC 46.3K followers, 6019 engagements

"This is not our first rodeo. Report is now live: $VEDL 2/"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-21 03:53:01 UTC 46.4K followers, XXX engagements

"This scheme was devised to facilitate VEDLs remittance of brand fees to Vedanta Resources (VRL) in April 2025 when it faced a severe liquidity crisis and needed to remit brand fees to VRL. $VEDL 3/"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-18 03:57:49 UTC 46.3K followers, XXX engagements

"CFO Sandeep Modis 10000 crore ($1.17b) free cash flow claim collapses under scrutiny. Cash flows are subsidized by debt. $VEDL 4/"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-21 03:53:03 UTC 46.3K followers, XXX engagements

"Vedanta Vedanta Semiconductor: 2500 Crore Dhokhe Ka Samrajya Under pressure to pay brand fees $VEDL routed a 2500 crore loan through a company doing XXX crore in sham operations hoping regulators didnt look. 1/"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-18 03:57:47 UTC 46.4K followers, 7968 engagements

"OTHER RELATED PARTY DEALS Viceroy have previously detailed other significant related party transactions between HZL and promoter companies. These transactions are subject to the same Special Matter Provisions under Clause XXX of the Hindustan Zinc SHA. $HZL $VEDL 13/"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-17 04:00:14 UTC 46.4K followers, XXX engagements

"In FY24 sales to HZL exceeded Minova Runayas total revenue amounting to XXX% of total revenue. This is a mathematical impossibility. $VEDL $HZL 6/"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-23 05:29:58 UTC 46.4K followers, XXX engagements

"Arbor - July 2025 CLO Update & 10-Q Forecasts. Arbor severely misreport delinquencies total debt and debt servicing costs. Meanwhile: underlying DSCR fall to record lows and spreads flatten at record lows. $ABR 1/"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-24 13:20:01 UTC 46.4K followers, 5241 engagements

"Vedanta HZL Earnings & Legal Opinions As $HZL management lie to investors amid earnings misses: the Promoter Group purchases a legal-opinion (paid by $VEDL) on Viceroys credibility as a means of self-validation. 1/"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-21 03:53:00 UTC 46.4K followers, 5489 engagements

"Vedanta Our Letter to SEBI On July XX 2025 Viceroy Research submitted the attached letter to various offices within SEBI. Despite the gravity of the issues raised we have received no response or acknowledgment. $HZL $VEDL 1/"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-25 04:05:51 UTC 46.4K followers, 5300 engagements

"$HZL's auditor SR Batliboi failed to investigate material concerns relying entirely on management assertions while the companys capital base deteriorated and governance collapsed. $EVDL 6/"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-21 03:53:04 UTC 46.4K followers, XXX engagements

"Good morning @FinancialXpress. To clarify: - Viceroy has never been fined by the FCA in the UK for any reason. - The Australian securities regulator has never "sued" Viceroy or its members - Viceroy has never been short "Ramsay Health Care" It is because of journalism like this that we are still in business. Thank you"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-10 02:05:43 UTC 46.3K followers, 7101 engagements

"Vedantas shares in HZL bear the same risk as every other equity holder including the GoI. If anything it is HZL and its non-promoter shareholders that have borne the outsized risk of HZL taking outsized loans to pay unaffordable dividends to Promoters. $VEDL $HZL 8/"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-21 03:53:06 UTC 46.4K followers, XXX engagements

"Vedanta - Meet the Agarwals Serentica Renewables The Agarwal family has quietly built a parallel related party operating units to poach high-margin contracts from and enjoy non-arms-length financing from $VEDL $HZL and BALCO. This is fraud. #thread 1/"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-16 06:11:41 UTC 46.4K followers, 9334 engagements

"These PDAs are signed on a cost-plus basis effectively guaranteeing Serentica an operating profit regardless of its efficiency. Accordingly these PDAs effectively become assets. $VEDL 4/"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-16 06:11:43 UTC 46.4K followers, XXX engagements

"$HZL faces a ticking financial time bomb in the form of massive unresolved tax and royalty disputes. As of FY25 the company disclosed a total of 15156 crore ($1.68b) in undisputed statutory dues and 2663 crore ($308m) in contingent liabilities under litigation. $VEDL 16/"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-17 04:00:16 UTC 46.4K followers, 1736 engagements

"Arbor has re-modified $426m of loans in June and July 2025. Most of these loans had already been modified since Q4 2024 some as recently as April 2025. $ABR 5/"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-24 13:20:04 UTC 46.4K followers, XXX engagements

"Generally unsurprising that Barclays defend their own capital raising work at both VEDL and VRL along with every other "buy" analyst. $VEDL"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-10 09:07:12 UTC 46.3K followers, 3250 engagements

"$VEDL RHZL & BALCO invested in 2000 crore ($234m) of OCRPS hybrids in Serenticas SPVs. These hybrids entitle the VEDL entities to a comical dividend of XXXXXX% of face value per annum. 5/"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-16 06:11:43 UTC 46.4K followers, XXX engagements

"September XX 2024 Roughly for every rupee of dividend that the government as the shareholder gets the Vedanta Group nonchalantly pockets more than two rupees most of which gets bankrolled to the UK-located parent company of the Vedanta Group to help lessen its massive debt of billions of dollars which the latter is unable to repay otherwise. The rest of the dividend amount cornered by the group goes to repay the debt of the domestic company. In other words your Ministry ably supported by the Ministry of Mines is complicit in helping the Vedanta Group drain HZLs scarce resources to fund the"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-25 04:05:53 UTC 46.4K followers, XXX engagements

"The loan proceeds were remitted to VEDL when VSPL sanctioned a 2500 crore ($293m) XX% loan. 2408 crore ($282m) of this loan was disbursed in FY25. $VEDL 11/"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-18 03:57:55 UTC 46.4K followers, XXX engagements

""Govt nominees on Hindustan Zinc board may quiz management on Vedanta tomorrow." - @EconomicTimes $VEDL $HZL"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-16 05:39:25 UTC 46.3K followers, 5631 engagements

"Delinquent loans have risen sharply since our last update in May 2025 from $750m to $1048m an increase of 40%. Delinquent loans now represent XX% of the CLO loan book. $242m of these delinquencies are XX days. $ABR 4/"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-24 13:20:03 UTC 46.4K followers, XXX engagements

"HZL EARNINGS CALL HZL paid out far more in dividends than it earned borrowing to cover the shortfall. We estimate HZLs FCF shortfall in Q1 to be 3600 crore ($371m). $VEDL 3/"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-21 03:53:02 UTC 46.4K followers, XXX engagements

"Audits are really putting the pressure on @Grenke_ag who may publish results w/out audit opinions. Wonder how #BaFin & bondholders feel about that Uncommon for company under investigation w/ disagreements & control flaws: Steinhoff anyone $GLJ #Grenke"
@viceroyresearch Avatar @viceroyresearch on X 2021-04-07 10:13:13 UTC 46.3K followers, XX engagements

"We observe in April that Arbor net interest spreads have flattened at record lows across the entire portfolio. Arbor has faced net interest spread reductions of up to XX% across its CLO portfolios. 6/ $ABR"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-24 13:20:04 UTC 46.4K followers, 2324 engagements

"During its years as a $VEDL shareholder BJSTs only known activities centered on political donations and lobbying not employee welfare. The @OCCRP found that BJST made direct donations to BJP then lobbied relentlessly for the relaxation of environmental restrictions. 5/"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-15 05:59:18 UTC 46.3K followers, XXX engagements

"Vedanta Meet the Agarwals Minova Runaya Agarwal-owned JV siphons margins from $HZL by marking-up commoditized goods and selling them to HZL on an exclusive uncommercial contract. Minova Runaya has been stealing profits from HZL for over X yearsandcounting. $VEDL 1/"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-23 05:29:54 UTC 46.4K followers, 7064 engagements

"Vedanta Viceroys Letter to the Government of India on the Looting of Hindustan Zinc In the absence of a response we are publishing our letter to the Government of India about the rampant looting at Hindustan Zinc Limited. $HZL $VEDL"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-24 05:49:14 UTC 46.4K followers, 6162 engagements

"We understand that Grenke IR confirmed that BaFin has restricted Grenke Bank's SME lending activities over compliance and KYC concerns: "there was a problem in terms of quality of the credit checks". $GLJ 1/2"
@viceroyresearch Avatar @viceroyresearch on X 2021-11-22 14:00:32 UTC 46.4K followers, XX engagements

"BJST and PTCC are not just undisclosed related parties they represent serious legal exposure for Vedanta and VRL. Their structure and activities appear to breach multiple disclosure and governance laws. $VEDL 7/"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-15 05:59:20 UTC 46.4K followers, 3053 engagements

"The sale of @grenke_ag stake in @viafintech affirms our belief that #grenke is fundamentally an over-risked & obsolete lessor behind the veneer of fintech hype. Viceroy awaits the results of several investigations which have found AML accounting & risk management failures. $GLJ"
@viceroyresearch Avatar @viceroyresearch on X 2021-08-23 09:28:29 UTC 46.3K followers, XX engagements

"Vedanta Limited Resources Viceroy is short of Vedanta Resources (PropCo) the heavily indebted parent & majority owner of Vedanta Limited (NSE : VEDL). The group structure is financially unsustainable operationally compromised & resembles a Ponzi scheme. $VEDL 1/"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-09 06:30:04 UTC 46.4K followers, 128.2K engagements

"$HZL FINANCIALS $HZL's capital structure is subject to immense stress due to the PropCos looting. HZL's balance sheet has shifted from a 16000 crore net-cash position to a 8700 crore net debt position in a matter of 5-6 years a delta of 24700 crore. $EVDL 14/"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-17 04:00:15 UTC 46.4K followers, XXX engagements

"Vedanta just slapped a homepage pop-up touting a week-old legal opinion one already skewered by us and others prominent figures for being lazy bought and irrelevant. The kicker It defends promoters extracting billions from India. $VEDL $HZL"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-25 04:54:09 UTC 46.4K followers, 8790 engagements

"Vedanta - Hidden Holdings BJST and PTCC $VEDL and $HZL shareholders Bhadram Janhit Shalika Trust and PTC Cables appear to be undisclosed Agarwal-controlled entities funneling intended employee benefits into politics. 1/"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-15 05:59:15 UTC 46.3K followers, 11.9K engagements

"HZL does not make sufficient cash flows to support enormous dividends. HZL has incurred a 23800 crore FCF shortfall against dividends since 2019. As demonstrated above $HZL has supplemented this with debt. $VEDL 15/"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-17 04:00:16 UTC 46.4K followers, XXX engagements

"Viceroy isnt the only one stating the obvious. #Vedanta rolled out a former Chief Justice to defend the indefensible. Now even he wont stand by his own opinion. No answers on debt. No clarity on dividend raids. No transparency on related-party looting. Just silence. $VEDL #HZL"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-23 12:43:33 UTC 46.4K followers, 7246 engagements

"Dr E.A.S. Sarma is a distinguished civil servant and intellectual known for his integrity environmental advocacy and policy expertise. He was Secretary of Ministry of Power Secretary of Ministry of Finance and Principal Energy Adviser to the GoI. $VEDL $HZL 4/"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-25 04:05:53 UTC 46.4K followers, XXX engagements

"Since FY21 Minova Runaya has disclosed XXX crore ($63.5m) in tangible asset sales to HZL while only carrying XX ($7.7m) crore of tangible assets on its balance sheet. $VEDL $HZL 7/"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-23 05:29:59 UTC 46.4K followers, XXX engagements

"Viceroy is short US denominated bonds of a UK company Vedanta Resources. We are held accountable and have communicated with the FCA and the SEC/DOJ with whom we have engaged constructively in various investigations. $VEDL 1/"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-15 12:26:23 UTC 46.4K followers, 12K engagements

"$SCA back to same old tricks. Won't revalue forest down. Ramps harvesting 11%. Borrows 700m SEK to pay dividend"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-25 06:25:00 UTC 46.4K followers, 3381 engagements

"July XX 2025 In my view your Ministry and the Finance Ministry have been jointly complicit in allowing the Vedanta Group to syphon off HZLs funds for its own undue benefit without caring to ensure that Zinc mining in India remained sustainable and that that the countrys scarce Zinc resources are not wantonly exhausted to serve the narrow short-term interests of the Vedanta Group. I am sure that an independent judicial enquiry will bring out the complicity in all its dimensions. Instead a more prudent approach on your Ministry would be to (i) review HZLs dividend policy from the public"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-25 04:05:55 UTC 46.4K followers, 2457 engagements

"BRAND FEES On October X 2022 Vedanta Limited imposed a brand fee on Hindustan Zinc. We believe this brand fee is an uncommercial contract with VEDL who does not appear to provide any brand management or other auxiliary services to $HZL. $VEDL 3/"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-17 04:00:05 UTC 46.4K followers, XXX engagements

"Our concerns are not new. Dr E.A.S. Sarma has been rightfully calling out the looting of $HZL and its consequencesto the GoI foryears. $VEDL 3/"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-25 04:05:52 UTC 46.4K followers, XXX engagements

"THE HIDDEN LIQUIDITY CRISIS In 2024 Vedanta Limited (VEDL) faced a severe liquidity crisis. In response $VEDL reactivated VSPL not as a semiconductor venture but as a zero-margin trading entity whose operations appear to consist entirely of paper-based commodity trading 4/"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-18 03:57:50 UTC 46.3K followers, XXX engagements

"Vedanta is Crippling HZL writes Former Finance Secretary to the Government of India EAS Sarma. @countercurrents. So far the @Vedanta_Group have neglected to answer our questions sent a week ago. The silence is deafening"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-18 06:48:39 UTC 46.4K followers, 4997 engagements

"June XX 2025 Under Section XXX of the Companies Act it is illegal for a company to pay dividends from any source other than profits. During the time frame 2017-18 till date HZL has paid more than Rs 80000 crores often in excess of yearly profits implying diversion of its internal resources for that purpose. The Vedanta Group which has an equity share of XXXXX% has thus paid itself more than Rs 50000 Crores during that period whereas the government with an equity share of XXXXX% would have received around Rs 20000 Crores. Your Ministry has evidently welcomed the inflow of such a large dividend"
@viceroyresearch Avatar @viceroyresearch on X 2025-07-25 04:05:54 UTC 46.4K followers, 2496 engagements

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