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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Awaiting price reaction for this filing.
Vedanta Limited informed exchanges that the Bombay High Court has granted interim protection and an injunction against the recovery of penalty amounts from the company and certain individuals. This is in connection with an earlier order passed by the Appellate Tribunal under SAFEMA (Smugglers and Foreign Exchange Manipulators Act), New Delhi, which Vedanta is currently appealing. The High Court, in its order dated July 30, 2025 (uploaded on July 31, 2025), noted that the appeals had already been admitted and provided relief subject to certain conditions. This development is a follow-up to Vedanta's earlier disclosure dated November 28, 2024.
Positive for shareholders — the interim stay means Vedanta is not required to pay the penalty amounts while its appeal is being heard, reducing immediate financial pressure. However, the relief is conditional and the underlying case is still pending, so the final outcome remains uncertain.