Vedanta Iron & Steel Limited has formulated and adopted the Insider Trading Prohibition Code to regulate, monitor, and report trading in its securities. The code includes policies for fair disclosure of unpublished price-sensitive information (UPSI) and procedures for inquiry in case of UPSI leaks. This move ensures compliance with Regulation 8(2) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.

The Board of Directors approved the code, which also encompasses the Policy for Determination of "Legitimate Purpose" and the Code of Practices & Procedures for Fair Disclosure of UPSI. Tina Lakhani, Company Secretary & Compliance Officer, confirmed the adoption in a filing to the stock exchanges on June 16, 2026.

Key Components of the Code

The adopted framework addresses several critical areas of corporate governance:

• Code of Conduct: Regulates, monitors, and reports trading in the company's securities.
• UPSI Leak Inquiry: Policy & procedures for inquiry in case of a leak of unpublished price-sensitive information.
• Fair Disclosure: Code of practices & procedures for fair disclosure of UPSI.
• Legitimate Purpose: Policy for the determination of "Legitimate Purpose".

In compliance with Regulation 8(1) of the SEBI PIT Regulations, the full text of the code has been made available on the company's official website. The filing was submitted to both BSE Limited and the National Stock Exchange of India Limited, with scrip codes 544784 and VISL respectively.

Vedanta Iron and Steel 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 listed its equity shares on June 15, 2026, recorded zero revenue from operations for the period. Total expenses increased to ₹3.66 lakh in FY26 from ₹2.85 lakh in FY25, primarily driven by finance costs and other expenses. The auditors, Haribhakti & Co. LLP, stated that no material uncertainty exists regarding the company's ability to continue as a going concern based on the evidence available up to the date of the audit report.

The company's financial statements reveal a negative equity position of ₹7.41 lakh as of March 31, 2026, compared to a negative equity of ₹3.75 lakh in the prior year. Total assets stood at ₹1.91 lakh, comprising mainly of current assets such as cash and cash equivalents amounting to ₹0.67 lakh. Current liabilities increased to ₹9.32 lakh, largely due to borrowings from related parties, which rose to ₹6.22 lakh from ₹3.89 lakh in the previous year. The company holds no inventory, property, plant, or equipment.

Financial Performance

The Statement of Profit and Loss indicates that the company incurred finance costs of ₹0.65 lakh and other expenses of ₹3.00 lakh during the year. Other expenses include brand license and strategic service fees of ₹1.00 lakh paid to Vedanta Resources Investments Limited, as well as remuneration to auditors. The loss per share for the year was ₹3.66, compared to ₹2.85 in the previous year. The company has not declared any dividends for the year.

Cash Flow and Liquidity

Cash flow from operating activities remained negative at ₹2.42 lakh, an improvement from the negative cash flow of ₹4.13 lakh in the previous year. The company generated net cash from financing activities amounting to ₹2.34 lakh, primarily from proceeds of short-term borrowings from related parties. Consequently, cash and cash equivalents decreased to ₹0.67 lakh at the end of the fiscal year from ₹0.76 lakh at the beginning. The net debt position stood at ₹5.55 lakh.

Key Financial Metrics

Regulatory and Subsequent Events

The auditors confirmed that the company has adequate internal financial controls with reference to financial statements, which were operating effectively as of March 31, 2026. The company reported no pending litigations that would impact its financial position and no funds were advanced or invested in other entities with the understanding that they would be lent to ultimate beneficiaries. A subsequent event disclosed in the notes is the approval of the effective date for the Scheme of Demerger of Vedanta Limited as May 1, 2026, which occurred after the reporting period.