Vedanta Aluminium Metal has issued a postal ballot notice dated August 27, 2026, seeking shareholder approval for its Employee Stock Option Plan (ESOP) and Employee Share Purchase Plan (ESPP) for 2026. The company is also seeking approval for material related party transactions with various group entities following its recent demerger from Vedanta Limited.

The resolutions require approval through a remote e-voting process, which will be open from September 1, 2026, to September 30, 2026. The notice outlines the implementation of these employee benefit schemes through an irrevocable employee welfare trust, named VAML ESOS Trust.

Employee Benefit Plans

The proposed VAML ESOP 2026 involves the grant of up to 16,62,04,184 employee stock options, representing 4.25% of the total paid-up share capital. These options are intended for eligible employees of the company, as well as its holding and subsidiary companies. The vesting of options will be linked to individual and company performance parameters, including financial metrics such as revenue growth, profitability, and cash flow.

Additionally, the VAML ESPP 2026 proposes the allotment of up to 2,93,30,150 fully paid-up equity shares, representing 0.75% of the total paid-up share capital. This plan is designed for employees in grades M5 and below, allowing them to purchase shares through payroll deductions. Matching shares may be provided upon completion of a minimum holding period of 24 months.

Both plans will be implemented through secondary acquisition of shares by the trust, ensuring no additional equity dilution for existing shareholders. The company may provide interest-free loans to the trust for acquiring these shares, subject to regulatory limits.

Related Party Transactions

The notice also seeks approval for material related party transactions with several identified entities, including:

• Bharat Aluminium Co Ltd (BALCO)
• Sterlite Electric Limited
• Vedanta Limited
• Vedanta Power Limited
• Hindustan Zinc Limited

These transactions are largely operational in nature and include the purchase and sale of goods and services, recovery and reimbursement of expenses, and provision of services. The company states that these transactions are necessary for business continuity and operational efficiency following the demerger.

Auditor Appointment

The postal ballot also includes an ordinary resolution for the appointment of M/s. S R B C & CO LLP as statutory auditors for the financial year ending March 31, 2027. This appointment is to fill a casual vacancy arising from the resignation of the previous auditors.

What the Numbers Show

The scale of the proposed employee benefit plans is significant, with the ESOP pool alone accounting for over 4% of the company's total share capital. This indicates a strong focus on aligning employee interests with long-term shareholder value creation. The reliance on secondary market acquisitions for both plans suggests a strategy to minimize immediate dilution while still offering substantial equity-based incentives.

Vedanta Aluminium Metal Limited will host an investor conference on September 1, 2026. The meeting forms part of the Ashwamedh - Elara India Dialogue 2026 and will be held in Mumbai.

The company disclosed the schedule under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The filing was issued on August 27, 2026.

Event Details

The conference will feature one-to-one and group meetings with investors. The format is designated as an in-person event.

Presentation Access

Investors can access the presentations made during the conference on the company’s website. The materials are available at the investor relations section of the official portal.

Vedanta Aluminium Metal Limited noted that the schedule may undergo changes. The disclosure was signed by Dashmeet Rana, Company Secretary and Compliance Officer.