Vedanta Limited has informed the Exchange regarding 'Compliance under the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021'.
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Vedanta Limited has filed its Seventh Deed of Variation to the Vedanta Limited ESOS Trust Deed, effective 1 May 2026, as part of compliance under SEBI regulations. The amendment comes in the context of Vedanta's recent demerger (approved by NCLT in December 2025) where business verticals were transferred to four Resulting Companies: Vedanta Aluminium Metal Limited, Malco Energy Limited (renaming to Vedanta Oil and Gas Limited), Vedanta Iron and Steel Limited, and Talwandi Sabo Power Limited (renaming to Vedanta Power Limited). The filing addresses the re-constitution of trustees (with Mr. Rohit Agarwal and Ms. Anushree Bafna resigning, replaced by Mr. Rahul Arora, Ms. Preet Sethi, and Mr. Manmeet Singh) and extends the Trust's scope to administer employee stock options across all Post-Demerger Companies. Prior to the demerger, approximately 3.88 crore stock options were outstanding (ESOS 2023: 1.84 crore, ESOS 2024: 1.06 crore, ESOS 2025: 97.80 lakh). Special Purpose Demerger Schemes have been formulated by each Resulting Company to preserve employee incentives post-demerger.
This is a regulatory compliance filing ensuring continuity of employee stock ownership plans through Vedanta's corporate demerger. No direct impact on shareholders or stock price from this administrative filing. The demerger's broader effects on business structure and valuation remain more relevant for investors.