BSEInsider Trading / SAST6d ago · 14 Aug 2026, 11:43 am
The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on August 11, 2026 for Twin Star Holdings Ltd & Others
Vedanta Ltd · 500295
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Vedanta Ltd has made a disclosure under Regulation 31 of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, stating that the encumbrances created over its shares by its subsidiaries, Twin Star Holdings Ltd, Welter Trading Limited, and Vedanta Holdings Mauritius II Limited, have been fully released with effect from August 07, 2026.
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Vedanta Ltd - 500295 - Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.
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Date: August 11, 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
E-mail: corp.relations@bseindia.com Email: takeover@nse.co.in
Vedanta Limited
1st Floor ‘C’ Wing, Unit 103, Corporate Avenue
Atul Projects, Chakala, Andheri (East),
Mumbai, Maharashtra – 400 093
E-mail: comp.sect@vedanta.co.in
Dear Sir/Madam,
Subject: Disclosure under Regulation 31 of the Securities and Exchange Board of India
(Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“Takeover
Regulations”).
This disclosure is being made by Vedanta Resources Limited (“VRL” / “we”). We refer our
previous disclosures dated December 04, 2024 and October 29, 2025 (“Earlier Disclosures”),
wherein, we had disclosed regarding creation of encumbrances (as defined under Chapter V
of the Takeover Regulations) over the equity shares of Vedanta Limited (“VEDL”) held by our
subsidiaries, namely, Twin Star Holdings Ltd (“Twin Star”), Welter Trading Limited (“Welter”)
and Vedanta Holdings Mauritius II Limited (“VHMLII”), pursuant to terms and conditions of
the US$ 550,000,000 11.25 per cent Guaranteed Senior Bonds due 2031, issued on December
03, 2024 (“December 2024 Bonds Series 2”) issued by Vedanta Resources Finance II plc
(“Issuer”), a subsidiary of VRL.
Under the terms and conditions of the December 2024 Bonds Series 2 (“T&Cs”), inter alia,
following encumbrances were disclosed, under the Earlier Disclosures: (a) Twin Star, Welter
and VHMLII were not permitted to create or permit to subsist any encumbrance or security
interest over the assets directly held by them unless certain conditions are fulfilled; (b) Twin
Star, Welter and VHMLII shall acquire or dispose of shares of VEDL only as specified; and (c)
following an Event of Default (as defined in the respective trust deeds), the Promoter Group
Entities including VHMLII can dispose of their assets only as specified. Given the nature of
conditions under the T&Cs, one or more conditions therein were likely to fall within the
definition of the term 'encumbrance' provided under Chapter V of the Takeover Regulations.
Pursuant to complete repayment and settlement of the December 2024 Bonds Series 2, all
the encumbrances created under the T&Cs and as disclosed under the Earlier Disclosures,
have been fully released with effect from August 07, 2026.
Vedanta Resources Limited
(Registered in England & Wales No. 04740415)
Registered Office: C/O CSC CLS (UK) Limited, 5 Churchill Place, 10th Floor, London, United Kingdom, E14 5HU
Corporate Office: 30 Berkeley Square, London, W1J 6EX
Tel: +44 (0) 20 7499 5900 | Fax: +44 (0) 20 7491 8440 | Website: www.vedantaresources.com
The enclosed disclosure is being made under Regulation 31 of the Takeover Regulations read
with Securities and Exchange Board of India's Master circular dated February 16, 2023,
bearing reference no. SEBI/HO/CFD/PoD-1/P/CIR/2023/31 in relation to the above
considering the definition of the term “encumbrance” for the purposes of Chapter V of the
Takeover Regulations.
Yours faithfully,
For and on behalf of Vedanta Resources Limited
and its aforementioned subsidiaries
Authorised Signatory
Encl.: a/a
Vedanta Resources Limited
(Registered in England & Wales No. 04740415)
Registered Office: C/O CSC CLS (UK) Limited, 5 Churchill Place, 10th Floor, London, United Kingdom, E14 5HU
Corporate Office: 30 Berkeley Square, London, W1J 6EX
Tel: +44 (0) 20 7499 5900 | Fax: +44 (0) 20 7491 8440 | Website: www.vedantaresources.com
ANNEXURE – 1
Disclosure by the Promoters to the Stock Exchanges and to the Target Company for encumbrance of shares/invocation of encumbrance/release of encumbrance, in terms of Regulations 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and
Takeovers) Regulations, 2011
Name of the Target Company (TC) Vedanta Limited
Names of the stock exchanges where the shares of the target company are listed BSE Limited and National Stock Exchange of India Limited
Date of reporting August 11, 2026
TWIN STAR HOLDINGS LTD
Names of the promoters or PAC on whose shares encumbrance has been created/ released/ invoked WELTER TRADING LIMITED
V EDANTA HOLDINGS MAURITIUS II LIMITED
Details of the creation/release of encumbrance:
Post event holding of
Promoter holding in the Promoter holding Details of events pertaining to encumbrance encumbered shares
target company (1) already encumbered (2) (3) {creation [(2)+(3)]/release
[(2)-(3)]/invocation [(1)-(3)]}
Name of the promoter(s)
Date of
or PACs with him* Type of event Type of encumbrance Name of the entity % of
% of total % of total creation/ Reasons for % of
(creation / (pledge/ lien/ non in whose favour total
Number share Number share release/ encumbrance* Number share Number
release / disposal shares encumbered share
capital capital invocation of * capital
invocation) undertaking/ others) *** capital
encumbrance
Pravin Agarwal 1,000 0.00 Nil Nil - - - - - - - - -
Suman Didwania 87,696 0.00 Nil Nil - - - - - - - - -
Ankit Agarwal 36,300 0.00 Nil Nil - - - - - - - - -
Sakshi Mody 18,000 0.00 Nil Nil - - - - - - - - -
Anil Agarwal - - - - - - - - - - - - -
Navin Agarwal - - - - - - - - - - - - -
Kiran Agarwal - - - - - - - - - - - - -
Priya Agarwal - - - - - - - - - - - - -
Pratik Agarwal - - - - - - - - - - - - -
Hare Krishna Packaging
- - - - - - - - - - - - -
Private Limited
Vedanta Resources Limited,
- - - - - - - - - - - - -
Finsider International
- - - - - - - - - - - - -
Company Limited
1,499,732,868
Twin Star Holdings Ltd. # 1,499,732,868 38.35 1,499,732,868 38.35 (Please refer to Note 1 38.35 1,499,732,868 38.35
August 07, 2026
below) Citicorp
(i.e. the date of Others
Please refer to 38,241,056 International
Release of settlement of (Please refer to Note
Welter Trading Limited 38,241,056 0.98 38,241,056 0.98 Note 1 below (Please refer to Note 1 0.98 Limited (Please 38,241,056 0.98
encumbrance the December 1 below)
below) refer to Note 1
2024 Bonds
492,820,420 below)
Vedanta Holdings Mauritius Series 2)
492,820,420 12.60 492,820,420 12.60 (Please refer to Note 1 12.60 492,820,420 12.60
II Limited
below)
Vedanta Holdings Mauritius
107,342,705 2.75 107,342,705 2.75 - - - - - - - 107,342,705 2.75
Limited
Vedanta Netherlands
1,514,714 0.04 1,514,714 0.04 - - - - - - - 1,514,714 0.04
Investments B.V.
Vedanta UK Investments
- - - - - - - - - - - - -
Limited
Westglobe Limited - - - - - - - - - - - - -
Richter Holding Limited,
- - - - - - - - - - - - -
Cyprus
Vedanta Resources Cyprus
- - - - - - - - - - - - -
Limited (VRCL, Cyprus)
Vedanta Resources
- - - - - - - - - - - - -
Holdings Limited (VRHL, UK)
Vedanta Finance UK limited
- - - - - - - - - - - - -
(VFUL)
Vedanta Holdings Jersey
- - - - - - - - - - - - -
Limited
Volcan Investments Cyprus
- - - - - - - - - - - - -
Limited
Vedanta Resources Finance
- - - - - - - - - - - - -
Limited
Vedanta Resources Finance
- - - - - - - - - - - - -
II PLC
Anil Agarwal Discretionary
- - - - - - - - - - - - -
Trust
Conclave PTC Limited - - - - - - - - - - - - -
Vedanta Incorporated
(formerly Volcan - - - - - - - - - - - - -
Investments Limited)
Total (Refer to Note 3
2,139,794,759 54.72 2,139,651,763 54.72 - - - - 2,030,794,344 51.93 - 2,139,651,763 54.72
below)
#On June 23, 2026, Twin Star Holdings Ltd. (part of the Promoter and Promoter Group of Vedanta Limited) has sold 65,072,990 equity shares. Post this transaction, the holding of TSHL has reduced from 40.02% to 38.35%.
Notes:
Note 1:
This disclosure is being made by Vedanta Resources Limited (“VRL” / “we”). We refer our previous disclosures dated December 04, 2024 and October 29, 2025 (“Earlier Disclosures”), wherein, we had disclosed regarding creation of encumbrances (as defined under
Chapter V of the Takeover Regulations) over the equity shares of Vedanta Limited (“VEDL”) held by our subsidiaries, namely, Twin Star Holdings Ltd (“Twin Star”), Welter Trading Limited (“Welter”) and Vedanta Hold
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