Vedanta Limited announced its audited consolidated and standalone financial results for the fourth quarter and year ended March 31, 2026, following the Board of Directors' meeting on April 29, 2026. The company achieved its highest-ever quarterly revenue of ₹51,524 crore, representing a 29% year-on-year growth, alongside its best-ever quarterly profit after tax of ₹9,352 crore, up 89% year-on-year. The statutory auditors, S.R. Batliboi & Co. LLP, issued an unmodified opinion on the financial results.

Q4FY26 Financial Performance Highlights

The fourth quarter demonstrated strong operational performance with significant improvements across key financial metrics. Net debt reduced by ₹7,370 crore during the quarter, while the Net Debt/EBITDA ratio improved to 0.95x from 1.22x in the previous year, marking the best performance in 14 quarters. The Debt Equity Ratio stood at 1.19 times for the quarter and year ended March 31, 2026.

Annual Performance and Capital Structure

For the full year ended March 31, 2026, Vedanta Limited reported revenue from operations of ₹1,77,194 crore and net profit after taxes of ₹17,391 crore. The company's net worth stood at ₹68,577 crore with outstanding debt of ₹81,742 crore. The Interest Service Coverage Ratio improved to 6.24 times for the year, while the Debt Service Coverage Ratio was recorded at 1.81 times.

Regulatory Compliance and Documentation

The financial results were approved by the Board on April 29, 2026, and subsequently published in newspapers including Financial Express and Loksatta on April 30, 2026, pursuant to Regulation 47 of SEBI Listing Regulations. The formal communication, referenced as VEDL/Sec./SE/26-27/24, was digitally signed by Company Secretary and Compliance Officer Prerna Halwasiya. All financial results and related documentation are available on the company's official website at vedantalimited.com.

Standalone Financial Results

The standalone results for the quarter ended March 31, 2026, showed revenue from operations of ₹26,101 crore and profit after tax of ₹6,882 crore. For the full year, standalone revenue reached ₹88,300 crore with profit after tax of ₹17,726 crore. The standalone Debt Equity Ratio was maintained at 0.68 times, reflecting a conservative capital structure.

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 .