Vedanta Aluminium Metal Limited reported a net loss of ₹3.66 lakh for the financial year ended March 31, 2026, widening from a net loss of ₹2.85 lakh in the previous year. The company, which is yet to commence commercial operations, recorded zero revenue from operations for both FY26 and FY25. Total expenses for the period increased to ₹3.66 lakh from ₹2.85 lakh in the prior year, primarily driven by finance costs and other expenses.

The audited financial statements, approved by the Board of Directors on April 29, 2026, were submitted to BSE Limited and National Stock Exchange of India Limited following the listing of the company's securities on June 15, 2026. Haribhakti & Co. LLP, the statutory auditor, provided an unqualified opinion on the financial statements, confirming they give a true and fair view of the company's state of affairs in conformity with Indian Accounting Standards.

Financial Performance

The Statement of Profit and Loss indicates that the company incurred a loss before tax of ₹3.66 lakh in FY26, compared to ₹2.85 lakh in FY25. There was no tax expense recorded during either year. The basic and diluted earnings per share (EPS) stood at a loss of ₹3.66 for FY26, worsening from a loss of ₹2.85 in the previous year.

Finance costs rose to ₹0.65 lakh in FY26 from ₹0.51 lakh in FY25, while other expenses increased to ₹3.01 lakh from ₹2.34 lakh over the same period. The company recorded an expense of ₹1 lakh towards Brand License and Strategic Service Fees payable to related party Vedanta Resources Investments Limited during both years.

Balance Sheet and Cash Flows

The company's total assets stood at ₹1.90 lakh as of March 31, 2026, comprising primarily of current assets of ₹1.90 lakh. Non-current assets were nominal at ₹0.10 lakh. Equity and liabilities totaled ₹1.90 lakh, with total equity recorded at a negative ₹7.41 lakh, widening from a negative ₹3.75 lakh in the previous year. Current liabilities increased to ₹9.31 lakh from ₹5.21 lakh, driven by borrowings from related parties.

Cash flow from operating activities remained negative at ₹2.42 lakh outflow in FY26 compared to an outflow of ₹4.13 lakh in the previous year. The company generated ₹2.34 lakh from financing activities through short-term borrowings, compared to ₹3.89 lakh in FY25. Cash and cash equivalents decreased to ₹0.67 lakh as of March 31, 2026, from ₹0.76 lakh a year earlier.

Regulatory and Related Party Disclosures

The auditor's report confirmed that the company has adequate internal financial controls with reference to financial statements, which were operating effectively as of March 31, 2026. The report also noted that the company incurred cash losses of ₹3.66 lakh and ₹2.85 lakh for the current and preceding financial years, respectively. The auditor stated that, based on financial ratios and management plans, no material uncertainty exists regarding the company's ability to meet its liabilities falling due within one year from the balance sheet date.

Related party transactions included proceeds of short-term borrowings of ₹2.34 lakh from Vedanta Limited during FY26. The company also recorded brand license and strategic service fees of ₹1 lakh payable to Vedanta Resources Investments Limited. Borrowings from Vedanta Limited stood at ₹6.23 lakh as of March 31, 2026, with an interest rate of 8.97%.

Vedanta Aluminium Metal Limited has adopted a code to govern the fair disclosure of unpublished price sensitive information (UPSI), ensuring compliance with regulatory standards. The Board of Directors approved the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information under Regulation 8 of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.

The adoption of this code establishes a structured framework for the company to handle sensitive information, preventing selective disclosure and ensuring transparency in its communications with the market. This move aligns with the company's commitment to maintaining high standards of corporate governance.

Regulatory Compliance

The code was adopted pursuant to Regulation 8(2) of the SEBI PIT Regulations. The regulation mandates that companies must have a formal policy in place to ensure that UPSI is disclosed in a fair and timely manner to the public, thereby preventing insider trading.

Availability of Document

The full text of the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information is now accessible to stakeholders. It has been published on the official website of Vedanta Aluminium Metal Limited at www.vedantaaluminium.com .