Vedanta Limited has informed the Exchange regarding 'Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ( SEBI Listing Regulations )'.
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Vedanta Limited disclosed a Supreme Court judgment dated May 20, 2026 against its demerged entity, Talwandi Sabo Power Limited (TSPL). The Hon'ble Supreme Court set aside an earlier APTEL order and restored the Punjab State Electricity Regulatory Commission (PSERC) order, upholding a penalty on TSPL for misdeclaration of availability for January 2017. TSPL must pay approximately Rs. 127 crore plus applicable Late Payment Surcharge to Punjab State Power Corporation Limited. The equity shares of TSPL are currently in the process of listing on BSE and NSE.
This judgment creates a financial liability of ~127 crore plus surcharge for TSPL. While TSPL is a demerged entity, the penalty could impact its upcoming listing process and valuation. Vedanta shareholders face indirect exposure through the pending TSPL listing.