BSECompany Update6d ago · 7 Aug 2026, 03:15 pm
Please refer the enclosed intimation under Regulation 30.
Vedanta Iron And Steel Ltd · 544784
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Vedanta Iron And Steel Ltd has received a show cause notice from the Registrar of Companies, Ranchi, Ministry of Corporate Affairs regarding alleged non-compliance under Section 197(15) of the Companies Act, 2013. The notice pertains to the non-disclosure of details of the ratio of the remuneration of each Director to the median employee's remuneration in the Corporate Governance Report/Board's Report for FY 2018-19. The company is examining the matter and will submit a response within the prescribed timelines.
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Vedanta Iron And Steel Ltd - 544784 - Announcement Under Regulation 30 Of LODR
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VISL/SEC./SE/2026-27/23
August 07, 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 a Show Cause Notice from the Registrar of Companies, Ranchi, Ministry of Corporate Affairs on August
06, 2026 at around 06:25 pm in relation to an alleged non-compliance under Section 197(15) of the Companies
Act, 2013 read with Rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules,
2014 (“Act”).
The details of the said Show Cause Notice received by ESL is stated below:
Sr. Date SCN No. Section Subject Matter
1. 06-08-2026 SCN/ADJ/08-2026/RN/05453 Section 197(15) of the Alleged non-disclosure of details
Act of the ratio of the remuneration of
each Director to the median
employee's remuneration and
such other details as specified in
Rule 5 of the Companies
(Appointment and Remuneration
of Managerial Personnel) Rules,
2014.
ESL is examining the matter and shall be submitting appropriate response before the adjudicating authority within
the prescribed timelines.
This shall not have any significant financial and operational impact on the Company.
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.
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: L24109MH2023PLC411777
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: L24109MH2023PLC411777
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 notice (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 Non- Proposed Penalty Proposed Penalty on
No. / Period to Compliance on ESL (₹) Individuals (₹)
which Matter
Relates
1 Section 197(15) of the SCN/ADJ/08- 06-08-2026 FY 2018-19 As per the notice, details of the ratio of 5,00,000 1,00,000 on Mr. Jalaj
Companies Act, 2013 read 2026/RN/05453 the remuneration of each Director to Kumar Malpani (Ex -
with Rule 5 of the the median employee's remuneration CFO)
Companies (Appointment and such other details as prescribed
and Remuneration of under Rule 5 of the Companies
Managerial Personnel) (Appointment and Remuneration of
Rules, 2014 Managerial Personnel) Rules, 2014,
were allegedly not disclosed in the
Corporate Governance Report /
Board's Report for FY 2018-19.
Accordingly, the Registrar of
Companies has issued the present
Show Cause Notice calling upon the
company to explain why penalty
should not be imposed under Section
197(15) of the Companies Act, 2013.
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: L24109MH2023PLC411777