Vedanta Iron & Steel Limited subsidiary Sesa Mining Corporation Limited (SMCL) received a surcharge order of ₹2,40,284 from the Regional Provident Fund Commissioner (RPFC), Goa, for fiscal year 2023–24 investment deviations.

The order was issued on September 25, 2026, pursuant to an inquiry under Section 125 of the Code of Social Security 2020 and Section 7A of the erstwhile Employees' Provident Fund & Miscellaneous Provisions Act, 1952. The penalty relates to deviations from the notified investment pattern.

Legal Response and Impact

SMCL stated it has a strong case on merits and is examining legal remedies, including challenging the order before the appropriate forum. The parent company indicated that it does not envisage any material impact on its business or operations due to this regulatory action.

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

Vedanta Iron & Steel Limited withdrew seven items from its ongoing postal ballot process on September 21, 2026. The company pulled resolutions seeking approval for material related-party transactions involving itself and six subsidiaries.

vedanta iron & steel stated the withdrawal follows a review of transaction schedules. The Board of Directors decided to remove the items as a matter of abundant caution and good corporate governance.

Items Withdrawn

The withdrawn items, numbered 10 through 16 in the original notice dated August 31, 2026, covered proposed transactions with identified related parties. These involved the parent company and the following material subsidiaries:

• Sesa Resources Limited
• Sesa Mining Corporation Limited
• Bloom Fountain Limited
• ESL Steel Limited
• Western Cluster Limited
• Desai Cement Company Private Limited

Reason for Withdrawal

The company cited the need for further evaluation of several factors regarding these transactions. These include the scope, categorisation, and classification of the proposed deals. Additionally, the board noted a requirement to review transaction values, limits, applicable approval requirements, and corresponding disclosures to shareholders.

Impact on Voting Process

The total number of business items in the postal ballot has been reduced from 16 to 9. Remote e-voting continues for the remaining nine items, which were originally numbered 1 to 9. The voting window remains open from 9:00 am on September 1, 2026, to 5:00 pm on September 30, 2026.

Any votes already cast for items 10 through 16 will not be counted by the scrutinizer. The company clarified that this withdrawal does not affect the validity of the remaining items or other terms in the original notice. A corrigendum detailing these changes is available on the company website.