The National Company Law Appellate Tribunal (NCLAT) has rescheduled its hearing of Vedanta 's appeal against Adani's proposal for Jaiprakash Associates to April 9, extending the timeline for this significant corporate legal proceeding. The hearing was previously scheduled for March 24, marking a delay in the adjudication process involving these major industrial entities.

Official Company Clarification

Vedanta Limited had previously addressed the stock exchanges on March 23, providing clarification on media reports regarding its NCLAT challenge to the NCLT approval of Adani's bid for Jaiprakash Associates. The company emphasized that the legal proceeding was initiated in its capacity as a stakeholder in accordance with applicable law.

Legal Challenge Context

Vedanta has formally challenged Adani's resolution offer for Jaiprakash Associates, bringing the matter before the appellate tribunal for adjudication. The rescheduled April 9 hearing represents a key milestone in the dispute resolution process. The company clarified that it is not aware of any undisclosed information or event which could explain any movement in the price or trading volume of its securities.

Regulatory Compliance Assurance

In its communication to the exchanges, Vedanta confirmed compliance with all disclosure requirements under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company reiterated its commitment to continue complying with SEBI Listing Regulations and keep stock exchanges informed of all material information and price-sensitive events.

Updated Proceedings Timeline

The April 9 hearing will provide Vedanta with the opportunity to present its case before the NCLAT regarding the Jaiprakash resolution matter. The tribunal will examine Vedanta's request and the grounds for challenging Adani's proposed resolution offer for Jaiprakash Associates.

Vedanta Limited has officially approved a third interim dividend of ₹11 per equity share for Financial Year 2025-26, following its board meeting held on March 23, 2026. The dividend approval, totaling approximately ₹4,300 crores, was announced through a formal regulatory filing under SEBI Listing Regulations. The record date for dividend payment has been set for March 28, 2026, with payment to be completed within stipulated legal timelines.

Board Meeting Outcome and Dividend Details

The board meeting, which commenced at 2:30 PM IST and concluded at 2:52 PM IST on March 23, 2026, formally considered and approved the third interim dividend proposal. The dividend of ₹11 per equity share is calculated on the face value of ₹1 per equity share, representing a significant distribution to shareholders for the current financial year. This decision follows the company's earlier intimation dated March 18, 2026, regarding the board meeting schedule.

Regulatory Compliance and Documentation

The dividend announcement was made through official communication to both BSE Limited and National Stock Exchange of India Limited, maintaining full compliance with SEBI Listing Regulations. The formal intimation was issued under Regulation 30, ensuring transparency and adherence to disclosure requirements for listed companies. The communication was sent to BSE at Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai, and to NSE at Exchange Plaza, Bandra-Kurla Complex.

Corporate Governance and Authorization

Prerna Halwasiya, Company Secretary and Compliance Officer, digitally signed the official communication on March 23, 2026, at 2:53 PM IST. The comprehensive notification was distributed to key depositories including National Securities Depository Limited at Trade World, Kamala Mills Compound, Lower Parel, and Central Depository Services (India) Limited at Marathon Futurex, Lower Parel, ensuring proper record-keeping and shareholder communication.

The company's registered office remains at Vedanta Limited, 1st Floor, 'C' wing, Unit 103, Corporate Avenue, Atul Projects, Chakala, Andheri (East), Mumbai. This third interim dividend demonstrates Vedanta's continued commitment to returning value to shareholders while maintaining regulatory compliance and transparent corporate governance practices.