Updates

VOGL/Sec./SE/2026-27/21 July 29, 2026 To To BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers “Exchange Plaza” Plot No C/1, G Block Dalal Street, Fort Bandra Kurla Complex, Bandra (East) Mumbai - 400 001 Mumbai- 400051 BSE Scrip Code: 544782 N SE Scrip Code: VOGL 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) (“Listing Regulations”) Dear Sir/Ma’am, The Board of Directors (the “Board”) of the Company, on the recommendation of the Nomination & Remuneration Committee, at its meeting held today, i.e. July 29, 2026, have considered and approved the formulation, adoption and implementation of Vedanta Oil and Gas Limited - Employee Stock Option Plan 2026 (“VOGL ESOP 2026”) and Vedanta Oil and Gas Limited - Employee Stock Purchase Plan 2026 (“ VOGL ESPP 2026”) for granting options to the 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 the Vedanta Oil and Gas Limited ESOS Trust (“VOGL 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, 2021 and SEBI Listing Regulations. The disclosure required under Regulation 30 of and Schedule III of 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. Further, the Board also designated Mr. Pulak Modi, Non-Executive Director of the Company as Vice Chairman of the Board of Vedanta Oil and Gas Limited. We request you to kindly take the above information on record. The meeting of the Board of Directors of the Company commenced at 03:00 p.m. IST and concluded at 03:38 p.m. IST. Thanking you. Yours sincerely, For Vedanta Oil and Gas Limited (Formerly known as Malco Energy Limited) Shivangi Dhanuka Company Secretary and Compliance Officer Membership No.: A 70586 Enclosed: As above 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 S.No. Particulars Details Details 1. Name of the Vedanta Oil and Gas Limited – Vedanta Oil and Gas Limited –Employee Scheme Employee Stock Option Plan Share Purchase Plan 2026 (“VOGL ESPP 2026 (“VOGL ESOP 2026”) 2026”) 2. Brief details of No grant has been made under No offer has been made under VOGL ESPP options granted VOGL ESOP 2026 as on date. 2026 as on date. 3. Whether the Yes Yes scheme is in terms of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. 4. Total number of The total number of options The total number of shares which can be shares covered by which can be granted under the offered and allotted/transferred to the these options; Scheme to the eligible eligible employees under VOGL ESPP 2026 employees as determined by the as determined by the Nomination & Nomination & Remuneration Remuneration Committee of the Company Committee of the Company (“NRC”) shall not exceed 2,93,30,150 shares (“NRC”) shall not exceed representing 0.75% of the total paid-up 16,62,04,184 shares share capital of the Company. representing 4.25% of the total paid up share capital of the Company. 5. Pricing formula; The exercise price per share The Purchase Price per share under the ESPP under ESOS 2026 is proposed at 2026 shall be Nil or as determined by NRC. the face value of the share, currently ₹ 1 per 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 VOGL ESPP 2026 shall option may be vesting, subject to specified be accepted by eligible employees within exercised; exceptions. the offer period specified in the offer letter. 7. Brief details of a. Enables eligible employees a. Enables eligible employees to acquire significant terms to 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 2,93,30,150 shares (0.75% of paid-up up to 16,62,04,184 shares capital of the company) (4.25% of paid-up capital of c. Implementation: Scheme to be the company). implemented through the ESOS Trust c. Implementation: Scheme to route through secondary acquisition. be implemented through The total number of shares under all the ESOS Trust route outstanding Schemes of the Company through secondary under secondary acquisition held by the acquisition. Trust shall at no point of time exceed The total number of shares 5% of the paid-up equity share capital under all outstanding of the company. Schemes of the Company d. Eligible Employees: Open to eligible under secondary acquisition employees of the Company, its holding held by the Trust shall at no company and subsidiaries, excluding point of time exceed 5% of promoters, promoter group, the paid-up equity share independent directors and persons capital of the company. holding more than 10% equity, in d. Eligible Employees: Open to accordance with the applicable laws. eligible employees of the e. Offer/Acceptance/Purchase/Allotment: Company, its holding The offer of allotment, acceptance, company and subsidiaries, eligibility, quantum of shares and other excluding promoters, terms shall be determined by the NRC promoter group, in accordance with applicable laws. independent directors and f. Purchase Price: The Purchase Price per persons holding more than Share under the ESPP 2026 shall be Nil 10% equity, in accordance or as determined by the NRC. with the applicable laws. g. Lock-in: The Shares transferred by the e. Vesting: The Options Trust to the Eligible Employees under granted under the Plan shall the Plan shall have a Lock-in Period of 1 vest not earlier than the (One) year from the date of transfer minimum Vesting Period of thereof. 1 (One) year and not later than the maximum Vesting Period of 5 (Five) years from the Grant 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 from the date of each vesting, subject to specified exceptions. 7. Options Vested Not Applicable at this stage 8. Options exercised; 9. Money realized by exercise of options; 10. The total number of shares arising as a result of exercise of option; 11. Options lapsed; 12. variation of terms of options; 14. subsequent changes or cancellation or exercise of such options; 15. diluted earnings per share pursuant to issue of equity shares on exercise of options.