Vedanta Limited has informed the Exchange about Resignation of Director/KMP/SMP
VEDL · price
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Ms. Pallavi Joshi Bakhru has resigned from the position of Independent Director of Vedanta Limited, effective from the close of business on April 30, 2026. The resignation follows her appointment as a Designated Partner at Grant Thornton Bharat LLP and the proposed appointment of Walker Chandiok & Co LLP as statutory auditors for certain Vedanta Group companies. Both firms are members of Grant Thornton International, and the resignation is to comply with applicable independence requirements and good corporate governance practices. She has confirmed that there are no other material reasons for her resignation. The Board has noted the resignation, and she also held directorships at Hindustan Zinc Limited, Neuland Laboratories Limited, and other companies.
The resignation reduces the Board's Independent Director count by one, which could raise governance concerns for investors. The departure is procedural due to auditor independence rules rather than any dispute or performance issue.