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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Growth Catalyst1/10
Governance Concern6/10
Regulatory Risk8/10
Balance Sheet Risk1/10
Liquidity Impact5/10
Market Sentiment4/10

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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