NSEPendency of Litigation(s)/dispute(s) or the outcome impacting the Company30 Jul 2026 · 30 Jul 2026, 07:07 pm
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
Vedanta Iron and Steel Limited · VISL
✦ AI Summary▼ NegativeLitigation
Vedanta Iron and Steel Limited has received show cause notices from the Registrar of Companies, Ranchi, Ministry of Corporate Affairs, in relation to matters arising under various provisions of the Companies Act, 2013. The notices pertain to the appointment of key managerial personnel, composition of the Nomination and Remuneration Committee, approval of remuneration of Whole-time Director, and disclosure of remuneration of managerial personnel.
Analysis Scores
Earnings Impact2/10
Growth Catalyst1/10
Governance Concern8/10
Regulatory Risk9/10
Balance Sheet Risk2/10
Liquidity Impact5/10
Market Sentiment3/10
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Full Announcement
Please refer the enclosed intimation under Regulation 30 of LODR.
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VEDANTAIRONSTEEL_30072026190322_VISLStockExchangeIntimationssigned.pdf
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VISL/SEC./SE/2026-27/19
July 30, 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: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015, as amended
Dear Sir/Ma’am
This is to inform you that ESL Steel Limited (“ESL”), a subsidiary of Vedanta Iron And Steel Limited (“VISL”), has
received Show Cause Notices from the Registrar of Companies, Ranchi, Ministry of Corporate Affairs, in relation
to matters arising under various provisions of the Companies Act, 2013.
The Show Cause Notices received by ESL pertains to the following matters as stated below:
Sr. Date SCN No. Section Subject Matter
1. 29-07-2026 SCN/ADJ/07-2026/RN/05346 Section 203(5) Appointment of Key Managerial
Personnel without remuneration
details in Board resolution
2. 21-07-2026 SCN/ADJ/07-2026/RN/05040 Section 178(8) Composition of Nomination &
Remuneration Committee
3. 21-07-2026 SCN/ADJ/07-2026/RN/05161 Section 196 read with Approval of Whole-time Director
Schedule V (Penalty remuneration
under Section 450)
4. 21-07-2026 SCN/ADJ/07-2026/RN/05183 Section 197(15) Disclosure under Rule 5 of the
Companies (Appointment and
Remuneration of Managerial
Personnel) Rules, 2014
5. 21-07-2026 SCN/ADJ/07-2026/RN/05185 Section 197(15) Disclosure under Rule 5 of the
Companies (Appointment and
Remuneration of Managerial
Personnel) Rules, 2014
ESL is examining the matters and shall be submitting appropriate responses before the adjudicating authority
within the prescribed timelines.
This shall not have any significant financial and operational impact on the Company.
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
Details required pursuant to SEBI circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026,
is enclosed herewith as Annexure I.
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
Encl.: As above
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 I
Disclosure under Regulations 30 of the LODR read with Schedule III of the LODR and the Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued
by SEBI on January 30, 2026
Following are the details of the show cause notices (SCN) issued by the Registrar of Companies, Ranchi, Ministry of Corporate Affairs:
Sr. Section / Provision SCN No. Date of SCN Financial Year / Brief Particulars of Alleged Proposed Penalty Proposed Penalty on
No. Period to which Non-Compliance on ESL (₹) Individuals (₹)
Matter Relates
1 Section 203(5) of SCN/ADJ/07- 29-07-2026 FY 2020-21 Board resolutions approving 5,00,000 5,00,000 each on
Companies Act, 2013 2026/RN/05346 appointment of CFO and persons named in the
Company Secretary allegedly notice.
did not contain remuneration
details in monetary terms.
2 Section 178(8) of SCN/ADJ/07- 21-07-2026 FY 2020-21 Alleged non-compliance 5,00,000 1,00,000 each on
Companies Act, 2013 2026/RN/05040 relating to composition of the persons named in the
Nomination and notice.
Remuneration Committee.
3 Section 196 read SCN/ADJ/07- 21-07-2026 FY 2019-20 Alleged failure to annex 2,00,000 50,000 each on persons
with Schedule V 2026/RN/05161 prescribed Schedule V named in the notice.
(Penalty under statement to AGM Notice for
Section 450) approval of remuneration of
Whole-time Director.
4 Section 197(15) read SCN/ADJ/07- 21-07-2026 FY 2015-16 to FY Alleged non-disclosure of 5,00,000 1,00,000 each on
with Rule 5 of 2026/RN/05183 2017-18 ratio of directors' persons named in the
Companies remuneration to median notice.
(Appointment and employee remuneration and
Remuneration of other prescribed disclosures
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
Managerial in Board's Report/Corporate
Personnel) Rules, Governance Report.
2014
5 Section 197(15) read SCN/ADJ/07- 21-07-2026 FY 2015-16 to FY Alleged non-disclosure of 5,00,000 1,00,000 each on
with Rule 5 of 2026/RN/05185 2017-18 ratio of directors' persons named in the
Companies remuneration to median notice.
(Appointment and employee remuneration and
Remuneration of other prescribed disclosures
Managerial in Board's Report/Corporate
Personnel) Rules, Governance Report.
2014
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