Vedanta Iron & Steel authorizes KMPs to determine materiality of events

1 min read     Updated on 17 Jun 2026, 12:56 AM
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Vedanta Iron And Steel Limited has authorized its Key Managerial Personnel to determine the materiality of events for disclosures to stock exchanges, complying with SEBI regulations. The Board designated Mr. Pankaj Kumar Sharma, Mr. Navin Kumar Jaju, and Ms. Tina Lakhani as authorized officers. The disclosure was submitted to BSE Limited and National Stock Exchange of India Limited on June 16, 2026.

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Vedanta Iron And Steel Limited has authorized its Key Managerial Personnel (KMPs) to determine the materiality of events or information for the purpose of making disclosures to stock exchanges. This authorization ensures compliance with Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The decision allows designated officers to assess the significance of developments and promptly inform the exchanges, maintaining transparency for shareholders.

Authorized Personnel

The Board of Directors has designated the following KMPs to determine materiality and handle disclosures:

Sr. No. Name Designation
1. Mr. Pankaj Kumar Sharma Whole Time Director and CEO
2. Mr. Navin Kumar Jaju Chief Financial Officer
3. Ms. Tina Lakhani Company Secretary and Compliance Officer

Contact Details

The correspondence and contact information for the authorized KMPs are as follows:

Correspondence Address: Sesa Ghor, 20 EDC, Patto, Panaji, Goa, India – 403001

Contact No.: +91 0832 6713601

Email IDs:

  1. visl.cs@vedanta.co.in
  2. Vedantaltd.ir@vedanta.co.in

The information regarding the authorized personnel is also available on the company's official website. The disclosure was submitted to BSE Limited and National Stock Exchange of India Limited on June 16, 2026.

How will the delegation of materiality assessment to KMPs impact the speed and frequency of disclosures from Vedanta Iron And Steel Limited?

What criteria will the designated officers use to determine the materiality of events, and will these be publicly disclosed?

Could this change in disclosure authority lead to differences in how material information is interpreted compared to industry peers?

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Vedanta Iron & Steel adopts Insider Trading Prohibition Code

1 min read     Updated on 17 Jun 2026, 12:44 AM
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Riya DScanX News Team
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Vedanta Iron & Steel Limited has adopted the Insider Trading Prohibition Code to regulate, monitor, and report trading in its securities, ensuring compliance with SEBI PIT Regulations 2015. The code includes policies for fair disclosure of unpublished price-sensitive information (UPSI) and procedures for inquiry in case of leaks. The full text is available on the company's website.

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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.

How will the implementation of the new code impact Vedanta Iron & Steel's liquidity and trading volume in the short term?

What specific penalties or disciplinary measures will be enforced under the UPSI leak inquiry procedures?

Will other subsidiaries of the Vedanta Group adopt similar frameworks to standardize compliance across the organization?

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