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VISL/SEC./SE/2026-27/28
August 26, 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 further to our intimation vide reference no. VISL/SEC./SE/2026-27/19 dated July 30, 2026. Pursuant to
Regulation 30 read with Sub-para (8) of Para B of Part A of Schedule III of the Securities and Exchange Board of
India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, it is to inform you that
ESL Steel Limited (“ESL”), a subsidiary of Vedanta Iron And Steel Limited (“VISL”), has received an Adjudication
Order vide its letter PO/ADJ/08-2026/RN/02768 dated August 25, 2026 at around 07:45 pm, from Registrar of
Companies, ROC Ranchi under Section 454 of the Companies Act, 2013 in respect of violation of Section 197(15)
read with Rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014
The said matter pertains to the erstwhile management of the ESL and relates to the financial years 2015-16 to
2017-18. Pursuant to the said adjudication order, ESL is exempted from penalty in terms of section 32 A of the
IBC 2016. The said adjudication order concludes the adjudication proceedings.
The details as required to be provided under Regulation 30 and sub-para 8 of Para B of Part A of Schedule III of
the SEBI Listing Regulations, read with SEBI Master Circular No. SEBI circular HO/49/14/14(7)2025-CFD-
POD2/I/3762/2026 dated January 30, 2026, are enclosed 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: 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
Sr. Particulars Details
1. Section/Provision Section 197(15) read with Rule 5 of Companies
(Appointment and Remuneration of Managerial
Personnel) Rules, 2014
2. Reference No. PO/ADJ/08-2026/RN/02768
3. Date of Adjudication Order August 25, 2026
4. Financial Year / Period to which Matter Relates FY 2015-16 to FY 2017-18
5. Brief Particulars of Alleged Non-Compliance Alleged non-disclosure of ratio of directors'
remuneration to median employee remuneration
and other prescribed disclosures in Board's
Report/Corporate Governance Report.
6. Proposed Penalty on ESL (₹) Pursuant to the order for adjudication (PO/ADJ/08-
2026/RN/02768), the Company/ Corporate debtor)
is exempted from penalty in terms of section 32 A
of the IBC 2016.
7. Proposed Penalty on Individuals (₹) Ex-Directors have accepted the penalty as
mentioned in the notices and undertake to remit the
same as may be directed by the Hon'ble Adjudicating
Officer.
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