Vedanta Limited Seeks Shareholder Approval for ESOPs, ESPPs, and Director Re-appointments

Vedanta Limited has issued a Postal Ballot Notice dated August 28, 2026, seeking shareholder approval for several key resolutions through remote e-voting. The resolutions include the introduction and implementation of the ‘Vedanta Limited – Employee Stock Option Scheme 2026’ (VEDL ESOS 2026) and the ‘Vedanta Limited – Employee Share Purchase Plan 2026’ (VEDL ESPP 2026), including their extension to employees of holding and subsidiary companies. These schemes will be administered through the ‘Vedanta Limited ESOS Trust’ and involve secondary acquisition of shares and provision of funds by the company to the trust. Specifically, up to 16,62,04,184 employee stock options, representing 4.25% of the paid-up share capital as of March 31, 2026, are proposed under the ESOS. For the ESPP, up to 2,93,30,150 equity shares, representing 0.75% of the paid-up share capital as of March 31, 2026, are proposed. The company also seeks approval for the provision of money, not exceeding 5% of the aggregate paid-up share capital and free reserves, to the trust for acquiring shares under the ESOS. Additionally, shareholders will vote on the re-appointment of Mr. Prasun Kumar Mukherjee as a Non-Executive Independent Director for a second term of one year (August 11, 2026, to August 10, 2027) and Mr. Arun Misra as Executive Director and CEO for one year (August 01, 2026, to July 31, 2027). The e-voting facility will be available from September 1, 2026, at 9:00 a.m. IST to September 30, 2026, at 5:00 p.m. IST. The cut-off date for determining eligible members was August 28, 2026.