Vedanta Limited announced significant board and auditor changes during its Board of Directors meeting held on April 29, 2026. The meeting, which commenced at 01:10 p.m. IST and concluded at 02:35 p.m. IST, addressed key corporate governance matters including statutory auditor appointment, director changes, and policy revisions. The announcements were made through a regulatory filing under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Statutory Auditor Appointment

The Board of Directors approved the appointment of M/s M S K A & Associates LLP as the company's new statutory auditors, replacing M/s S.R. Batliboi & Co. LLP. The appointment follows the completion of two consecutive terms by the outgoing auditors in accordance with the Companies Act, 2013 provisions. The decision was made on the recommendation of the Audit and Risk Management Committee.

M/s M S K A & Associates LLP, established in 1978, is registered with the Institute of Chartered Accountants of India (ICAI) and the PCAOB (US Public Company Accountancy Oversight Board). The firm operates across 12 cities in India including Mumbai, Gurugram, Chandigarh, Kolkata, Ahmedabad, Chennai, Goa, Pune, Bengaluru, Kochi, Hyderabad and Coimbatore, providing audit and assurance services, tax and advisory services. The audit firm holds a valid peer review certificate.

Director Changes

The Board noted significant director changes effective from April 30, 2026. Ms. Pallavi Joshi Bakhru stepped down from her position as Independent Director with effect from the close of business hours on April 30, 2026.

The cessation results from her association as a Designated Partner at Grant Thornton Bharat LLP and the proposed appointment of Walker Chandiok & Co LLP, member firms of Grant Thornton International, as statutory auditors for certain Vedanta Group companies. This step ensures compliance with applicable independence and governance requirements. Ms. Bakhru confirmed in her resignation letter that there are no other material reasons for her resignation.

New Director Appointment

Dr. Meena Hemchandra has been appointed as Additional Director designated as Non-Executive Independent Director for a first term of one year effective from May 01, 2026 to April 30, 2027, subject to shareholders' approval. The appointment was made on the recommendation of the Nomination & Remuneration Committee.

Dr. Meena Hemchandra brings four decades of experience in the financial sector, having served as Executive Director of Reserve Bank of India in charge of supervision of Banks, Non-Banking Finance Companies and Cooperative Banks from June 2015 until November 2017. Her expertise spans treasury management, strategic planning, foreign exchange regulations, and cyber security in banking. She holds degrees in Economics including a Ph.D. from the Gokhale Institute of Politics and Economics, Pune, and is Non-Executive Independent Chairperson at Karur Vysya Bank and Independent Director on multiple boards.

Policy Revision

Pursuant to the scheme of demerger being implemented, the Board approved the revision of the Company's Dividend Distribution Policy, effective from FY 2027. The revised policy reflects a structured and transparent framework for capital allocation while preserving the Board's flexibility to balance sustainable shareholder returns with long-term growth, deleveraging and financial resilience priorities.

The company confirmed that all appointments comply with independence criteria prescribed under the Companies Act and Listing Regulations, with no debarment orders from SEBI or other authorities affecting the new appointee. The revised Dividend Distribution Policy will be made available on the company's website at www.vedantalimited.com .

Vedanta Limited has announced another revision in its ESG rating, this time by ESG Risk Assessments and Insights Limited (ESGRisk.ai), with the updated rating standing at 57 compared to the previous rating of 67. The company disclosed this development through a regulatory filing under Regulation 30 of SEBI Listing Regulations on April 28, 2026.

Rating Update Details

The company received communication about the ESG rating update via email from BSE on April 27, 2026 at around 07:23 PM IST. ESGRisk.ai, a SEBI registered ESG Rating Provider (ERP), independently issued the revised ratings without any engagement from Vedanta Limited.

Independent Assessment

Vedanta emphasized in its regulatory filing that the company has not engaged ESGRisk.ai for the evaluation process. The ESG ratings have been issued independently by ESG Risk Assessments and Insights Limited, highlighting the objective nature of the assessment.

Public Availability

The updated ESG rating information has been made available by ESGRisk.ai on its official website at https://india360.esgrisk.ai/Accounts/Ratinglist . The company has provided the relevant link for stakeholders to access detailed information about the rating update.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with relevant SEBI circulars. The filing was signed by Prerna Halwasiya, Company Secretary and Compliance Officer of Vedanta Limited.

This ESG rating update reflects the ongoing assessment of the company's environmental, social, and governance practices by independent rating agencies, providing stakeholders with updated information on the company's sustainability performance.

Previous Rating Update

Earlier on April 22, 2026, Vedanta had disclosed a revision in its ESG rating by SES ESG Research Private Limited, where the rating was updated to 59.9 from the previous rating of 60.8. That communication was received via email from BSE on April 21, 2026 at around 08:00 PM IST, and was also issued independently without any engagement from the company.