VEDL · price
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Vedanta has filed its Seventh Deed of Variation to the ESOS Trust Deed, effective May 1, 2026. The filing brings three new trustees (Mr. Rahul Arora, Ms. Preet Sethi, Mr. Manmeet Singh) to replace two resigned trustees. This amendment is directly linked to Vedanta's demerger approved by NCLT on December 16, 2025, which created four Resulting Companies (Vedanta Aluminium Metal, Vedanta Oil and Gas, Vedanta Iron and Steel, and Vedanta Power). The Trust will now administer employee stock options across all post-demerger entities, covering 3,88,43,311 pre-demerger options (ESOS 2023-2025 grants). The amendment ensures transferred employees receive fair stock option grants from their new companies to preserve the economic value of their incentives post-demerger.
This is a routine regulatory compliance filing ensuring employee stock option schemes continue seamlessly after Vedanta's demerger. Shareholders should note the company is protecting employee interests during restructuring, which helps retain talent across the newly formed entities.