Vedanta Iron and Steel Limited
All news and filings related to Vedanta Iron and Steel Limited.
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Vedanta Iron & Steel shareholders approve 9 resolutions via postal ballot
Vedanta Iron and Steel Limited shareholders approved nine resolutions via postal ballot. Key approvals include appointing S.R. Batliboi & Co. LLP as statutory auditors and endorsing employee stock option and share purchase plans for 2026. The e-voting concluded on September 30, 2026.
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Vedanta Iron and Steel Closes Trading Window from Oct 1 for Q2 FY27 Results
Vedanta Iron and Steel Limited (VISL) will close its trading window from October 1, 2026. The closure is in compliance with SEBI regulations and the company's code. The window will reopen 48 hours after the declaration of Q2 and H1 FY27 financial results, the date for which will be announced later.
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VISL Subsidiary SMCL Receives Order for ₹2.4 Lakh Surcharge
Vedanta Iron and Steel Limited's subsidiary, SMCL, received an order from RPFC, Goa, levying a surcharge of ₹2,40,284 for FY 2023-24 due to investment pattern deviations. SMCL is exploring legal remedies. No material impact is anticipated on business operations.
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VISL Clarifies ESOP 2026 Details, Addresses Proxy Firm's Recommendations
VISL clarifies its ESOP 2026, confirming 100% performance-linked vesting with no guaranteed elements. Targets align with annual operating plans. The scheme extends to holding/subsidiary employees to foster ecosystem alignment. A secondary acquisition mechanism via a Trust will be used to avoid dilution. VISL corrected the face value of its shares to ₹1.
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VISL Subsidiary Receives ₹1.97 Lakh Surcharge Order; No Material Impact Expected
Sesa Resources Limited, a subsidiary of Vedanta Iron and Steel Limited, received an order levying a surcharge of ₹1,97,971 for FY 2022-24. The surcharge is due to deviations from the notified investment pattern. The company is exploring legal remedies but does not expect any material impact.
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Vedanta Iron and Steel Limited Issues Corrigendum to Postal Ballot Notice
Vedanta Iron and Steel Limited has issued a corrigendum to its postal ballot notice, withdrawing items related to material related party transactions. These transactions involve the company and its subsidiaries. The postal ballot process will continue for the remaining items.
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Vedanta Iron and Steel Withdraws 7 Related Party Transaction Items from Postal Ballot
Vedanta Iron and Steel Limited has withdrawn 7 material related party transaction items from its postal ballot notice. The decision, made on September 21, 2026, by the Board of Directors, is to allow for further evaluation of transaction details and ensure good corporate governance. Voting on these items will not be counted.
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Vedanta Iron and Steel Publishes Postal Ballot Notice in Navshakti Newspaper
Vedanta Iron and Steel Limited published its Postal Ballot Notice in Navshakti newspaper on September 02, 2026. This follows their September 01, 2026 intimation and complies with SEBI LODR Regulations. The notice regarding postal ballot and remote e-voting is also available on the company website.
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Vedanta Iron & Steel Receives Order for ₹28.46 Lakh Surcharge from RPFC
Vedanta Iron and Steel Limited received an order from the Regional Provident Fund Commissioner, Goa, levying a surcharge of ₹28.46 lakh for FY 2022-23 and 2023-24 due to investment pattern deviations. The company is exploring legal remedies and does not foresee a material impact.
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Vedanta Iron and Steel Ltd. Seeks Shareholder Approval via Postal Ballot for Key Resolutions
Vedanta Iron and Steel Limited is conducting a postal ballot for shareholders to vote on appointing new statutory auditors and approving employee stock option and share purchase plans. Shareholder approval is also sought for material related party transactions with the company and its subsidiaries. E-voting is open from September 1 to September 30, 2026.
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VISL Seeks Shareholder Approval for Auditor Appointment, ESOP, ESPP, and Related Party Transactions via Postal Ballot
Vedanta Iron and Steel Limited (VISL) has issued a Postal Ballot Notice on August 31, 2026. Shareholders will vote on appointing S.R. Batliboi & Co. LLP as statutory auditors. The company also seeks approval for its Employee Stock Option Plan 2026 (ESOP) and Employee Share Purchase Plan 2026 (ESPP), along with related party transactions. E-voting is open from September 1 to September 30, 2026.
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VISL Subsidiary ESL Receives GST Demand Notice; Dispute Amount Reduced to ₹6.73 Crore
VISL's subsidiary, ESL Steel Limited, received a GST Demand-cum-Show Cause Notice from Ranchi GST authorities on August 27, 2026. The disputed amount is now ₹6.73 crore, a reduction from ₹51.23 crore. ESL is reviewing the notice and will take legal action. VISL expects no material financial or operational impact.
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VISL Subsidiary ESL Receives ₹39.58 Crore GST Demand Notice
VISL's subsidiary, ESL Steel, received a GST demand notice for ₹39.58 crore concerning alleged wrongful ITC utilization from FY21-FY23. The notice includes proposed recoveries for IGST, CGST, SGST, and Cess, along with interest and penalty. ESL is reviewing the notice and plans legal action. The company anticipates no material financial or operational impact.
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Vedanta Iron & Steel to Participate in Ashwamedh-Elara India Dialogue 2026 on Sep 1
Vedanta Iron and Steel Limited will attend the Ashwamedh-Elara India Dialogue 2026 on September 1, 2026, in Mumbai. The company will hold in-person meetings and share its latest investor presentations.
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ESL Steel Limited, Material Subsidiary of VISL, Sees Auditor Resignation
M/s. Lodha & Co LLP resigned as statutory auditors of ESL Steel Limited, a material subsidiary of Vedanta Iron and Steel Limited (VISL), effective August 26, 2026. The resignation is to align auditors with VISL's group auditor framework. The auditors' term was set to end March 31, 2027.
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VISL Subsidiary ESL Steel Receives Adjudication Order, Exonerated from Penalty
ESL Steel Limited, a subsidiary of VISL, received an Adjudication Order on August 25, 2026, regarding non-compliance from FY 2015-16 to 2017-18. ESL is exempted from penalty under IBC 2016, concluding the adjudication proceedings.
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VISL Subsidiary ESL Receives GST Demand Notice of ₹15.74 Crore
ESL Steel Limited, a subsidiary of VISL, received a GST demand notice for ₹15.74 crore on August 25, 2026. The notice alleges short payment of GST for FY 2020-21 to FY 2022-23. ESL is evaluating legal options, and VISL expects no material financial or operational impact.
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VISL Subsidiary ESL Steel Receives ₹39.58 Crore Tax Demand Notice
ESL Steel, a subsidiary of VISL, received a tax demand notice for ₹39.58 crore from GST authorities. The demand is for alleged short reversal of Input Tax Credit. ESL is reviewing the notice and expects no significant financial or operational impact.
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ESL Steel, VISL subsidiary, receives ₹15.74 Crore GST demand notice
ESL Steel, a subsidiary of VISL, received a GST demand notice of ₹15.74 crore for alleged short payments under RCM from FY 2020-21 to FY 2022-23. The notice includes ₹7.87 crore IGST, ₹3.93 crore CGST, and ₹3.93 crore SGST, plus interest and penalty. ESL is reviewing the notice and anticipates no significant financial or operational impact.
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ESL Steel, VISL subsidiary, receives GST intimation for alleged excess ITC of ₹51.23 Crore
ESL Steel, a subsidiary of VISL, received a GST intimation regarding alleged excess Input Tax Credit (ITC) of ₹51.23 Crore (₹51,23,19,275) on imports from FY 2020-21 to FY 2022-23. The company is reviewing the matter and expects no significant financial impact.
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VISL Subsidiary ESL Steel Receives Show Cause Notice for Non-Disclosure
ESL Steel, a subsidiary of VISL, received a Show Cause Notice from the Registrar of Companies on August 06, 2026. The notice alleges non-disclosure of director remuneration ratio to median employee remuneration for FY 2018-19. Penalties of ₹5 Lakh for ESL and ₹1 Lakh for Ex-CFO Jalaj Kumar Malpani are proposed. ESL is reviewing and will respond.
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VISL Releases Q1 FY27 Earnings Conference Call Transcript
Vedanta Iron and Steel Limited (VISL) has published the transcript of its Q1 FY27 earnings conference call. The call covered the company's unaudited financial results for the quarter ended June 30, 2026.
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Vedanta Iron & Steel Changes Corporate Identification Number (CIN) to L24109MH2023PLC411777
Vedanta Iron and Steel Limited's CIN has changed from U24109MH2023PLC411777 to L24109MH2023PLC411777, effective after its equity shares listed on June 15, 2026. This change updates the company's status on the MCA portal from 'Unlisted' to 'Listed'.
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VISL Releases Audio Recording of Q1 FY27 Earnings Conference Call
Vedanta Iron and Steel Limited has released the audio recording of its earnings conference call for the first quarter ended June 30, 2026. The recording, covering consolidated and standalone results, is available on the company's website.
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VISL Subsidiary ESL Steel Receives Show Cause Notices from ROC, Ranchi
VISL subsidiary ESL Steel received Show Cause Notices from ROC, Ranchi concerning non-compliance with the Companies Act, 2013. The notices relate to KMP appointments, remuneration disclosures, and committee composition. ESL will respond within timelines, and no significant financial impact is anticipated.
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Vedanta Iron & Steel Q1 FY27 Results: Revenue Up 18% YoY to ₹3,680 Crore
Vedanta Iron and Steel Limited reported Q1 FY27 consolidated revenue of ₹3,680 Crore, up 18% YoY. Profit After Tax turned around to ₹122 Crore from a loss of ₹1,682 Crore last year. The results follow a recent corporate restructuring and listing.
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VISL Assigned 'Crisil AA/Stable' Rating for Banking Facility
Vedanta Iron and Steel Limited (VISL) has been assigned a 'Crisil AA/Stable' rating for its proposed banking facility by CRISIL Ratings. The rating was published on July 29, 2026. This indicates a strong credit assessment for the company's future financing.
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VISL Q1 FY27: Revenue surges 18% to ₹3,662 Cr, PAT turns positive at ₹121 Cr
Vedanta Iron And Steel Limited (VISL) reported a strong Q1 FY27 with revenue up 18% YoY to ₹3,662 crore and EBITDA up 54% YoY to ₹515 crore. The company achieved a PAT of ₹121 crore, a significant turnaround from a loss of ₹145 crore last year. Operational highlights include record pig iron production and increased steel and iron ore output.
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Vedanta Iron & Steel Approves ESOP 2026 and ESPP 2026 for Employees
Vedanta Iron and Steel Limited has approved the VISL ESOP 2026 and VISL ESPP 2026. The plans reserve up to 4.25% (16,62,04,184 shares) for ESOPs and 0.75% (2,93,30,150 shares) for ESPPs. These will be implemented via a Trust through secondary acquisition, subject to member approval.
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Vedanta Iron & Steel Q1 FY27 Financial Results Approved
Vedanta Iron and Steel Limited announced Board approval for Q1 FY27 unaudited consolidated and standalone financial results for the quarter ended June 30, 2026. Total consolidated revenue was ₹3,662 crore, and net profit after tax was ₹121 crore. The company's equity share capital is ₹391 crore.
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VISL Board Meeting July 29 to Discuss Q1 FY27 Results; Trading Window Closed
Vedanta Iron and Steel Limited (VISL) will hold a Board Meeting on July 29, 2026, to approve Q1 FY27 results. The trading window is closed from July 1 to July 31, 2026. An earnings conference call is scheduled for July 30, 2026.
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Vedanta Iron & Steel to announce Q1 FY27 results on July 29; Concall on July 30
Vedanta Iron and Steel Limited will hold a Board Meeting on July 29, 2026, to consider Q1 FY27 unaudited financial results. An Earnings Conference Call is scheduled for July 30, 2026, to discuss performance. The trading window will be closed from July 1 to August 31, 2026.
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Vedanta Iron & Steel: Board Meeting on July 29 to Discuss Q1 FY27 Results; Trading Window Closed
Vedanta Iron and Steel Limited will hold a Board Meeting on July 29, 2026, to approve Q1 FY27 financial results. The trading window will be closed from July 1, 2026, to August 31, 2026. An earnings conference call is scheduled for July 30, 2026.
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Vedanta Iron & Steel: Encumbrance Created on 56.38% Shares by Subsidiaries
Vedanta Resources Limited disclosed encumbrances on 56.38% of Vedanta Iron and Steel Limited's shares. The encumbrances, created on July 20, 2026, are part of a US$ 2,250,000,000 (approx. ₹18,700 crore) facility agreement with multiple banks. This involves shares held by VRL's subsidiaries.
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VISL Promoter Group Secures $2.25 Billion Facility Agreement
Vedanta Iron and Steel Limited's promoter group entities have secured a US$ 2.25 billion (approx. ₹18,750 crore) facility agreement. The agreement, effective July 20, 2026, is for the VRL Group's debt repayment and general corporate purposes. VISL is not a direct party but will be subject to certain covenants impacting its future actions.
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Vedanta Iron & Steel Limited: Promoter Group Enters $1 Billion Facility Agreement
Vedanta Iron and Steel Limited's promoter group has entered a US$ 1 billion (approx. ₹8,300 crore) facility agreement on July 15, 2026. While VISL is not a direct party, certain covenants and restrictions impacting the company are effective from the agreement's execution or utilization date. Encumbrances on VISL's shares have been created, and relevant disclosures made.
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VISL: Certificate under SEBI (Depositories and Participants) Regulations, 2018 for Q1 FY27
Vedanta Iron and Steel Limited (VISL) received a certificate for the quarter ended June 30, 2026, under SEBI (Depositories and Participants) Regulations, 2018. The R&TA confirmed the regulation is not applicable as all shares are in demat form, with no rematerialization requests received.
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VISL Q1 FY27 Production Surges: Pig Iron Hits Record High, Iron Ore Up 166% YoY
Vedanta Iron and Steel Limited reported record pig iron production of 291 kt in Q1 FY27, up 8% YoY. Iron ore production at Goa mines surged 166% YoY. Saleable steel production increased to 582 kt, up 4% YoY. The company was demerged from Vedanta Limited during Q1 FY27.
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Vedanta Iron and Steel Appoints S.R. Batliboi & Co. LLP as New Statutory Auditors
Vedanta Iron and Steel Limited (VISL) appointed S.R. Batliboi & Co. LLP as its new Statutory Auditors. The appointment is effective from July 01, 2026, and will last until the next Annual General Meeting. This move fills a casual vacancy caused by the previous auditors' resignation on June 12, 2026.
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VISL Clarifies No Material Event Behind Significant Share Price Movement
Vedanta Iron and Steel Limited (VISL) clarified to stock exchanges that it is unaware of any specific reasons for the significant movement in its share price. The company confirmed it has made all required disclosures and there are no undisclosed material events.
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Vedanta Iron & Steel: Analyst Meet Scheduled for June 25, 2026 in Mumbai
Vedanta Iron and Steel Limited will host a sell-side analyst engagement event on June 25, 2026, in Mumbai. The company will provide updated investor presentations on its website. This is a routine update regarding investor interactions.
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Vedanta Iron and Steel Adopts Insider Trading Prohibition Code
Vedanta Iron and Steel Limited has adopted its Insider Trading Prohibition Code as per SEBI PIT Regulations. The code includes provisions for trading conduct, leak of price sensitive information, fair disclosure, and legitimate purpose. A copy of the code is available on the company's website.
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Vedanta Iron and Steel Limited Authorizes KMPs for Materiality Disclosures
Vedanta Iron and Steel Limited has authorized its Key Managerial Personnels (KMPs) to determine and disclose material events to stock exchanges as per SEBI regulations. The authorized KMPs are Mr. Pankaj Kumar Sharma, Mr. Navin Kumar Jaju, and Ms. Tina Lakhani. Contact details for these individuals have been provided.
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