Vedanta Limited has informed the Exchange regarding Cessation of Mr. Rajiv Kumar as Senior Management Personal of the company.
VEDL · price
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Vedanta's Board meeting on May 29, 2026 approved two key items. First, the tenure of Mr. Arun Misra as Executive Director was extended by 2 months (June 1 to July 31, 2026) as an interim measure due to broader organizational transitions within the Group. Mr. Misra also serves as CEO of Vedanta's Zinc Business and leads Hindustan Zinc Limited. Second, Mr. Rajiv Kumar has ceased to be Senior Management Personnel (SMP) of the Company effective immediately, as the position of CEO – Aluminium Business no longer qualifies as an SMP position following a demerger restructuring.
The cessation of Rajiv Kumar as SMP appears to be an administrative change due to corporate restructuring (demerger) rather than a voluntary departure, which may limit negative market sentiment. The extension of Arun Misra's tenure suggests continuity in leadership during the transition period.