Options to purchase securities

VISL/SEC./SE/2026-27/15 July 29, 2026 To To BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block – G, Dalal Street, Fort Bandra Kurla Complex, Bandra (E), Mumbai - 400 001 Mumbai – 400 051 BSE Scrip Code: 544784 NSE Scrip Code: VISL Sub: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended from time to time) - Vedanta Iron And Steel Limited Employee Stock Option Plan 2026 (VISL ESOP 2026) and Employee Stock Purchase Plan 2026 (VISL ESPP 2026) Dear Sir/Ma’am The Board of Directors of the Company on the recommendation of the Nomination & Remuneration Committee, at its Meeting held on Wednesday, July 29, 2026, have inter alia, considered and approved the formulation, adoption and implementation of Vedanta Iron And Steel Limited Employee Stock Option Plan 2026 (“VISL ESOP 2026”) and Vedanta Iron And Steel Limited Employee Stock Purchase Plan 2026 (“VISL ESPP 2026”) for granting options to Eligible Employees of the Company and its Subsidiaries for up to 5% of the total paid up share capital of the Company, in one or more tranches, in compliance with the provisions of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 (as amended from time to time) read with the circulars and notifications issued thereunder [“SEBI (SBEB) Regulations”], subject to the approval of the members of the Company. The Scheme shall be implemented through Trust Route by creation of Vedanta Iron And Steel Limited ESOS Trust (“VISL ESOS Trust”), wherein the said Trust shall acquire the existing equity shares of the Company by way of Secondary Acquisition from the open market in compliance with the SEBI (SBEB) Regulations and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”). The disclosure as required under Regulation 30 and Schedule III of SEBI Listing Regulations read with SEBI circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is enclosed as Annexure A. The meeting of the Board of Directors of the Company commenced at 03:50 p.m. IST and concluded at 04:28 p.m. IST. VEDANTA IRON AND STEEL LIMITED Sesa Ghor, 20 EDC Complex, Patto, Panjim, Goa – 403 001, India T +91 832 6713601 | Website: www.vedantaironandsteel.com Email- ContactUs.VISL@vedanta.co.in Registered Office: C-103, Atul Projects, Corporate Avenue New Link, Chakala MIDC, Mumbai, Maharashtra-400093 CIN: U24109MH2023PLC411777 We request you to please take the above on record. Thanking You, Yours faithfully, For VEDANTA IRON AND STEEL LIMITED Tina Lakhani Company Secretary & Compliance Officer Membership No.: A 34723 VEDANTA IRON AND STEEL LIMITED Sesa Ghor, 20 EDC Complex, Patto, Panjim, Goa – 403 001, India T +91 832 6713601 | Website: www.vedantaironandsteel.com Email- ContactUs.VISL@vedanta.co.in Registered Office: C-103, Atul Projects, Corporate Avenue New Link, Chakala MIDC, Mumbai, Maharashtra-400093 CIN: U24109MH2023PLC411777 ANNEXURE – A Details as required under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and applicable SEBI Master Circulars Sr. Particulars Details Details 1) Name of the Scheme Vedanta Iron And Steel Limited Vedanta Iron And Steel Limited Employee Employee Stock Option Plan 2026 Stock Purchase Plan 2026 (VISL ESPP 2026) (VISL ESOP 2026) 2) Brief details of options No grant has been made under VISL No offer has been made under VISL ESPP granted ESOP 2026 as on date. 2026 as on date. 3) Whether the scheme is Yes Yes in terms of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. 4) Total number of shares The total number of options which The total number of shares which can be covered by these can be granted under the Scheme to offered and allotted/transferred to the options the eligible employees as eligible employees under VISL ESPP 2026 as determined by the Nomination & determined by the Nomination & Remuneration Committee of the Remuneration Committee of the Company Company (“NRC”) shall not exceed (“NRC”) shall not exceed 2,93,30,150 shares 16,62,04,184 shares representing representing 0.75% of the total paid-up 4.25% of the total paid up share share capital of the Company. capital of the Company. 5) Pricing formula The exercise price per share under The Purchase Price per share under the VISL ESOS 2026 is proposed at the face ESPP 2026 shall be nil or as determined by value of the share, currently ₹ 1 per NRC. share, or such other price as may be approved in accordance with applicable law. 6) Time within which 08 Months from the date of each Shares offered under VISL ESPP 2026 shall be option may be vesting, subject to specified accepted by eligible employees within the exercised exceptions. offer period specified in the offer letter. 7) Brief details of a. Enables eligible employees to a. Enables eligible employees to acquire significant terms acquire equity shares and equity shares and participate in the participate in the Company's Company's long-term value creation. long-term value creation. b. ESPP Pool: Proposed pool of up to b. ESOP Pool: Proposed pool of up 2,93,30,150 shares (0.75% of paid-up to 16,62,04,184 shares (4.25% capital of the company) of paid-up capital of the c. Implementation: Scheme to be company). implemented through the VISL ESOS VEDANTA IRON AND STEEL LIMITED Sesa Ghor, 20 EDC Complex, Patto, Panjim, Goa – 403 001, India T +91 832 6713601 | Website: www.vedantaironandsteel.com Email- ContactUs.VISL@vedanta.co.in Registered Office: C-103, Atul Projects, Corporate Avenue New Link, Chakala MIDC, Mumbai, Maharashtra-400093 CIN: U24109MH2023PLC411777 c. Implementation: Scheme to be Trust route through secondary implemented through the VISL acquisition. ESOS Trust route through The total number of shares under all secondary acquisition. outstanding Schemes of the Company The total number of shares under secondary acquisition held by the under all outstanding Schemes Trust shall at no point of time exceed 5% of the Company under of the paid-up equity share capital of the secondary acquisition held by company. the Trust shall at no point of d. Eligible Employees: Open to eligible time exceed 5% of the paid-up employees of the Company, its holding equity share capital of the company and subsidiaries, excluding company. promoters, promoter group, d. Eligible Employees: Open to independent directors and persons eligible employees of the holding more than 10% equity, in Company, its holding company accordance with the applicable laws. and subsidiaries, excluding e. Offer/Acceptance/Purchase/Allotment: promoters, promoter group, The offer of allotment, acceptance, Independent Directors and eligibility, quantum of shares and other persons holding more than 10% terms shall be determined by the NRC in equity, in accordance with the accordance with applicable laws. applicable laws. f. Purchase Price: The Purchase Price per e. Vesting: The Options granted Share under the VISL ESPP 2026 shall be under the Plan shall vest not nil or as may be determined by the NRC. earlier than the minimum g. Lock-in: The Shares transferred by the Vesting Period of 1 (One) year Trust to the Eligible Employees under the and not later than the Plan shall have a Lock-in Period of 1 maximum Vesting Period of 5 (One) year from the date of transfer (Five) years from the Grant thereof. Date. All Options shall vest solely based on achievement of the performance parameters as set out in the scheme, or such other performance parameters as may be determined by the NRC. f. Exercise Price: Proposed at face value of the share or such other price as may be approved by NRC. g. Exercise Period: Options may be exercised within 08 months VEDANTA IRON AND STEEL LIMITED Sesa Ghor, 20 EDC Complex, Patto, Panjim, Goa – 403 001, India T +91 832 67 [Showing first 8,000 characters — download PDF for full document]