Vedanta Limited underwent a search operation conducted by the Directorate of Enforcement (ED) under the Foreign Exchange Management Act, 1999, from June 01, 2026, to June 03, 2026. The company confirmed that its officers provided all necessary information, documents, and clarifications sought by the authorities during this period. No penalty, restriction, or sanction has been imposed on the company as a result of this action, and there is no impact on its financial, operational, or other activities.

Details of the Regulatory Action

The search operation was initiated at the premises of Vedanta Limited on June 01, 2026, at 12:15 PM IST and concluded on June 03, 2026, at 9:55 PM IST. The action was undertaken as part of an investigation under the Foreign Exchange Management Act, 1999. The company disclosed these details in a filing submitted to the exchanges on June 04, 2026, in compliance with Regulation 30 of the SEBI Listing Regulations.

Company Response and Compliance

In response to the search operation, the officers of Vedanta Limited extended full cooperation to the ED. The company stated that it provided all necessary information, documents, and clarifications as sought by the investigating agency. Perna Halwasiya, Company Secretary and Compliance Officer, certified that the information provided in the regulatory filing was true, correct, and complete to the best of her knowledge and belief.

Ankit Agarwal has confirmed that he did not create any encumbrance, directly or indirectly, on his shareholding in Vedanta Limited during the financial year 2025-26. This disclosure ensures transparency regarding the status of his holdings and compliance with regulatory requirements. The confirmation addresses potential concerns about the pledging or hypothecation of shares by a key individual associated with the company.

The disclosure was submitted to BSE Limited and the National Stock Exchange of India Limited on April 01, 2026. It was addressed to the Audit & Risk Management Committee of Vedanta Limited. The communication was made pursuant to Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Regulatory Context

Regulation 31(4) of the SEBI Takeover Regulations mandates disclosures regarding any encumbrance on shares held by persons who are required to make open offers. Ankit Agarwal's confirmation states that no such encumbrance was made during the specified financial year.

Disclosure Details

The letter was dispatched from Ankit Agarwal's address in Pune, Maharashtra, and formally submitted to the exchanges for record-keeping purposes.