VISL

Vedanta Iron and Steel Limited

Vedanta Iron and Steel Limited has received a Demand-cum-Show Cause Notice from the Office of the Principal Commissioner, Central Goods and Services Tax & Central Excise, Ranchi, regarding alleged excess availment of Input Tax Credit (ITC) on committed or alleged to be committed import of goods during FY 2021-22 and FY 2022-23. The amount under dispute stands reduced to approximately Rs.6,73,39,655/-.

Vedanta Iron and Steel Limited

Vedanta Iron and Steel Limited has received a Demand-cum-Show Cause Notice from the Office of the Principal Commissioner, Central Goods and Services Tax & Central Excise, Ranchi, alleging wrongful availment and utilization of Input Tax Credit (ITC) amounting to Rs. 39,58,32,544/- relating to credit notes during FY 2020-21 to FY 2022-23, along with applicable interest and penalty.

Vedanta Iron and Steel Limited

Vedanta Iron and Steel Limited has informed the Exchange about the schedule of an investor meet on September 01, 2026, at the Ashwamedh-Elara India In-person, One-One & Dialogue 2026 Group in Mumbai.

Vedanta Iron and Steel Limited

Vedanta Iron and Steel Limited has announced the resignation of its Statutory Auditors, Lodha & Co LLP, from ESL Steel Limited, a material subsidiary, with immediate effect. The resignation is intended to facilitate alignment with the Group Auditor Framework and the Holding Company's auditor.

Vedanta Iron and Steel Limited

Vedanta Iron and Steel Limited has disclosed that its subsidiary ESL Steel Limited has received an Adjudication Order from the 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 matter pertains to the erstwhile management of ESL and relates to the financial years 2015-16 to 2017-18. ESL is exempted from penalty in terms of section 32 A of the IBC 2016.

Vedanta Iron and Steel Limited

Vedanta Iron and Steel Limited has received a Demand-cum-Show Cause Notice from the Office of the Joint Commissioner, Central Goods and Service Tax & Central Excise, Ranchi, alleging short payment of GST under Reverse Charge Mechanism (RCM) during FY 2020-21 to FY 2022-23. The demand is Rs.15,74,26,450 comprising IGST of Rs. 7,87,46,884, CGST of Rs.3,93,39,783 and SGST of Rs.3,93,39,783 along with applicable interest and penalty. The company does not envisage any significant financial and operational impact.

Vedanta Iron and Steel Limited

Vedanta Iron and Steel Limited has informed the Exchange about an intimation from the Central Tax Department, Ranchi, alleging short reversal of Input Tax Credit (ITC) amounting to ₹ 39,58,32,544/-, comprising IGST, CGST, SGST, and Cess, during FY 2020-21 to FY 2022-23. The company is evaluating appropriate legal remedy and does not envisage any significant financial and operational impact.

Vedanta Iron and Steel Limited

Vedanta Iron and Steel Limited has informed the Exchange about an intimation from the Central Tax Department, Ranchi, alleging short payment of GST under the Reverse Charge Mechanism (RCM) during FY 2020-21 to FY 2022-23. The proposed tax liability is ₹ 15,74,26,450/-, comprising IGST of ₹ 7,87,46,884/-, CGST of ₹ 3,93,39,783/-, and SGST of ₹ 3,93,39,783/-. ESL is examining the said intimation and shall take appropriate steps in accordance with applicable laws within the prescribed timelines.

Vedanta Iron and Steel Limited

Vedanta Iron and Steel Limited has informed the Exchange about an intimation received from the Office of the Principal Commissioner, Central Goods and Services Tax & Central Excise, Ranchi, regarding alleged excess availment and utilization of Input Tax Credit (ITC) on imports of goods during FY 2020-21 to FY 2022-23. The company is evaluating appropriate legal remedy against the listed entity and does not expect any material impact on its financial, operational, or other activities.

Vedanta Iron and Steel Limited

Vedanta Iron and Steel Limited has received a show cause notice from the Registrar of Companies, Ranchi, regarding alleged non-compliance under Section 197(15) of the Companies Act, 2013, related to the disclosure of remuneration details of directors and employees in the corporate governance report for FY 2018-19.

Vedanta Iron and Steel Limited

Vedanta Iron and Steel Limited has released the transcript of its quarterly earnings call for the first quarter ended June 30, 2026, available on its website.

Vedanta Iron and Steel Limited

Vedanta Iron and Steel Limited has updated its Corporate Identification Number (CIN) to L24109MH2023PLC411777 from U24109MH2023PLC411777, following the listing of its equity shares on June 15, 2026.

Vedanta Iron and Steel Limited

Vedanta Iron and Steel Limited has made available the audio recording of its earnings conference call for the first quarter ended June 30, 2026, on its website.

Vedanta Iron and Steel Limited

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.

Vedanta Iron and Steel Limited

Vedanta Iron and Steel Limited has published unaudited consolidated results for the first quarter ended June 30, 2026, showing a 18% YoY increase in revenue and a 14% YoY increase in profit after tax.

Vedanta Iron and Steel Limited

Vedanta Iron and Steel Limited has received a credit rating of 'Crisil AA/Stable' for its proposed banking facility from CRISIL Ratings Limited. The rating is based on the company's creditworthiness and is placed on 'Stable'. The detailed rationale can be accessed on the CRISIL website.

Vedanta Iron and Steel Limited

Vedanta Iron and Steel Limited has announced its unaudited consolidated and standalone financial results for the first quarter ended June 30, 2026. The company reported a revenue of ₹33,666.22 crore, a 88% year-on-year growth, and an EBITDA of ₹5,544 crore, a 44% year-on-year growth. The company's management has expressed confidence in its growth prospects, citing higher iron ore prices, improved efficiency, and a strong order book. The company's stock price has been impacted by the announcement, with a 22% jump in the last trading session.

Vedanta Iron and Steel Limited

Vedanta Iron and Steel Limited has informed the Exchange about Investor Presentation, which includes unaudited consolidated and standalone financial results for the first quarter ended June 30, 2026. The company has reported a revenue growth of 118.8% and EBITDA growth of 54.4% year-on-year during the quarter. The presentation also highlights the company's strong iron ore production, with a 44% increase in sales and a 22% increase in volume. The company has also reported a 22% increase in sales and a 11% increase in volume for steel production. The presentation concludes with a positive outlook on the company's growth prospects, citing its focus on executing projects, improving efficiency, and building a sustainable business.

Vedanta Iron and Steel Limited

Vedanta Iron and Steel Limited has approved the formulation and implementation of Employee Stock Option Plan 2026 (ESOP 2026) and Employee Stock Purchase Plan 2026 (ESPP 2026) for granting options to eligible employees for up to 5% of the company's total paid-up share capital.

Vedanta Iron and Steel Limited

Vedanta Iron and Steel Limited has announced its unaudited consolidated and standalone financial results for the first quarter ended June 30, 2026. The results were approved by the Board of Directors and are available on the company's website. The auditor's review report is also attached.