Options to purchase securities

VPL/Sec./SE/26-27/14 July 29, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers “Exchange Plaza” Dalal Street, Fort Bandra-Kurla Complex, Bandra (East), Mumbai - 400 001 Mumbai – 400 051 Scrip Code: 544781 S c r i p C o d e : VEDPOWER 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”) - Vedanta Power Limited – Employee Stock Option Plan 2026 (“VEDPOWER ESOP 2026”) and Vedanta Power Limited – Employee Share Purchase Plan 2026 (“VEDPOWER ESPP 2026”) Dear Sir/Madam, 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 Power Limited - Employee Stock Option Plan 2026 (“VEDPOWER ESOP 2026”) and Vedanta Power Limited – Employee Share Purchase Plan 2026 (“VEDPOWER 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 Vedanta Power Limited ESOS Trust (“VEDPOWER 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 Regulations. The disclosure as required under Regulation 30 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. The meeting of the Board of Directors of the Company commenced at 4:45 p.m. IST and concluded at 05:20 p.m. IST. We request you to kindly take the above information on record. Thanking you, Yours faithfully, For Vedanta Power Limited (formerly known as Talwandi Sabo Power Limited) Bhagya Hasija Company Secretary & Compliance Officer Membership No. A49404 Encl.: as above Annexure - A S. No. Particulars Details Details 1. Name of the Vedanta Power Limited – Employee Vedanta Power Limited –Employee Scheme Stock Option Plan 2026 (“VEDPOWER Share Purchase Plan 2026 ESOP 2026”) (“VEDPOWER ESPP 2026”) 2. Brief details of No grant has been made under No offer has been made under options granted VEDPOWER ESOP 2026 as on date. VEDPOWER ESPP 2026 as on date. 2. Whether the Yes Yes scheme is in terms of SEBI (SBEB) Regulations, 2021 (if applicable); 3. Total number of The total number of options which The total number of shares which can shares covered can be granted under the Scheme to be offered and allotted/transferred by these options the eligible employees as determined to the eligible employees under by the Nomination & Remuneration VEDPOWER ESPP 2026 as determined Committee of the Company (“NRC”) by the Nomination & Remuneration shall not exceed 16,62,04,184 shares Committee of the Company (“NRC”) representing 4.25% of the total paid shall not exceed 2,93,30,150 shares up share capital of the Company. representing 0.75% of the total paid- up share capital of the Company. 4. Pricing formula The exercise price per share under The Purchase Price per share under ESOS 2026 is proposed at the face the ESPP 2026 shall be nil or as value of the share, currently ₹ 10 per determined by NRC. share, or such other price as may be approved in accordance with applicable law. 5. Time within 08 Months from the date of each Shares offered under VEDPOWER which option may vesting, subject to specified ESPP 2026 shall be accepted by be exercised exceptions. eligible employees within the offer period specified in the offer letter. 6. Brief details of a. Enables eligible employees to a. Enables eligible employees to significant terms acquire equity shares and acquire equity shares and participate in the Company's participate in the Company's long-term value creation. long-term value creation. b. ESOP Pool: Proposed pool of up b. ESPP Pool: Proposed pool of up to 16,62,04,184 shares (4.25% of to 2,93,30,150 shares (0.75% of paid-up capital of the company). paid-up capital of the company) c. Implementation: Scheme to be c. Implementation: Scheme to be implemented through the ESOS implemented through the ESOS Trust route through secondary Trust route through secondary acquisition. acquisition. The total number of shares The total number of shares under all outstanding Schemes under all outstanding Schemes of the Company under of the Company under secondary secondary acquisition held by acquisition held by the Trust shall the Trust shall at no point of time at no point of time exceed 5% of exceed 5% of the paid-up equity the paid-up equity share capital share capital of the company. of the company. d. Eligible Employees: Open to d. Eligible Employees: Open to eligible employees of the eligible employees of the Company, its holding company Company, its holding company and subsidiaries, excluding and subsidiaries, excluding promoters, promoter group, promoters, promoter group, independent directors and independent directors and persons holding more than 10% persons holding more than 10% equity, in accordance with the equity, in accordance with the applicable laws. applicable laws. e. Vesting: The Options granted e. Offer/Acceptance/Purchase/All under the Plan shall vest not otment: The offer of allotment, earlier than the minimum acceptance, eligibility, quantum Vesting Period of 1 (One) year of shares and other terms shall and not later than the maximum be determined by the NRC in Vesting Period of 5 (Five) years accordance with applicable laws. from the Grant Date. f. Purchase Price: The Purchase All Options shall vest solely Price per share under ESPP 2026 based on achievement of the shall be nil or as may be performance parameters as set determined by the NRC. out in the scheme, or such other g. Lock-in: The Shares transferred performance parameters as may by the Trust to the Eligible be determined by the NRC. Employees under the Plan shall f. Exercise Price: Proposed at face have a Lock-in Period of 1 (One) value of the share or such other year from the date of transfer price as may be approved by thereof. 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 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 13. Subsequent changes or cancellation or exercise of such options 14. Diluted earnings per share pursuant to issue of equity shares on exercise of options.