Vedanta Limited’s Board of Directors, meeting on July 30, 2026, approved the re-appointment of Non-Executive Independent Director Prasun Kumar Mukherjee and Executive Director Arun Misra, while also designating four new Senior Management Personnel (SMPs) and launching two new employee equity incentive schemes. These governance and human capital decisions aim to stabilize leadership continuity and align employee interests with long-term value creation, subject to shareholder approval. The moves follow the declaration of the company’s Q1FY27 results earlier in the same meeting.

Board-Level Re-appointments

Acting on the recommendation of the Nomination and Remuneration Committee (NRC), the Board approved the following re-appointments under Regulation 30 of the SEBI Listing Regulations:

Mr. Prasun Kumar Mukherjee (DIN: 00015999), aged 70, brings nearly four decades of experience in finance and general management. He previously served as Executive Director of Sesa Goa Limited and the Vedanta Group’s Iron Ore Business from 2006 to 2014. Mr. Arun Misra (DIN: 01835605), who has been an Executive Director since August 2023, will continue as CEO & Key Managerial Personnel. He previously served as CEO of Hindustan Zinc Limited (HZL) until July 31, 2026.

New Senior Management Personnel

The Board designated four executives as SMPs of Vedanta Limited:

• Mr. Amarendu Prakash: Appointed CEO – HZL and SMP effective August 01, 2026, till July 31, 2029. He joins from SAIL, where he served as Chairman & Managing Director. Mr. Prakash aims to achieve 2.0 MTPA of zinc and 1.5 KT of silver production at HZL.
• Mr. Puneet Khurana: Appointed CEO – Copper Business and SMP with immediate effect. He has been associated with Vedanta since 2006 and currently leads Copper and Nickel Operations.
• Mr. Vijay Kumar: Appointed CEO – Zinc International and SMP with immediate effect. He leads Vedanta Zinc International (VZI), targeting integrated production growth from 210 ktpa to 550 ktpa in the medium term.
• Mr. Manoj Kumar Keshari: Appointed CEO – FACOR and SMP with immediate effect. He joined Vedanta in 2008 and was appointed CEO of FACOR in June 2026.

Employee Equity Schemes

The Board approved the Vedanta Limited Employee Stock Option Plan 2026 (VEDL ESOP 2026) and the Vedanta Limited Employee Share Purchase Plan 2026 (VEDL ESPP 2026), superseding the 2016 scheme. Both plans are implemented via secondary acquisition through the VEDL Trust, compliant with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

No grants or offers have been made under either scheme as of July 30, 2026. The total shares held by the Trust under all outstanding schemes shall not exceed 5% of the paid-up equity share capital.

Vedanta Limited’s Board of Directors approved the demerger of its real estate business into a new entity, Vedanta Property Platforms Limited (VPPL), on July 30, 2026. The move aims to unlock significant value from the company’s surplus real estate portfolio by creating a focused, pure-play real estate platform. Shareholders will receive one fully paid-up equity share of VPPL for every 20 fully paid-up equity shares of Vedanta Limited held as on the record date, with no cash consideration involved.

The approval follows the successful implementation of Vedanta’s broader five-way demerger earlier this year, which created independent listed entities for its oil and gas, aluminium, power, and steel businesses. The real estate demerger is structured as a vertical split under a Scheme of Arrangement, requiring approvals from the National Company Law Tribunal (NCLT), Mumbai, stock exchanges, and other regulatory bodies. The company expects to file for no-objection letters from the BSE and NSE in August 2026, with the process potentially concluding in FY28.

Real Estate Portfolio Details

The demerged undertaking comprises approximately 2,264 acres of land across 14 parcels and ~53,185 square feet of residential and commercial built-up space across eight units. These assets are strategically located across Gujarat, Maharashtra, Goa, Karnataka, and Tamil Nadu. The portfolio includes industrial land, agricultural space, residential flats, bungalows, and commercial office spaces. Additionally, the demerger includes Vedanta’s 50% stake in Gaurav Overseas Private Limited (GOPL).

The real estate business contributed ₹1.26 crore to Vedanta’s standalone turnover in FY26, representing just 0.001% of the total. Despite its minimal current revenue impact, management views the portfolio as having significant embedded value due to its strategic locations and potential for development, leasing, or joint ventures.

Strategic Rationale and Value Unlocking

Vedanta Group Chairman Anil Agarwal stated that the demerger follows the success of the recent five-way split, aiming to create another “pure-play” entity to unlock stakeholder value. The consolidation of real estate assets into VPPL is expected to enable focused management, improved transparency, and access to sector-specific investors and lenders. The company plans to explore concurrent schemes to acquire real estate undertakings from other Vedanta group companies, including Meenakshi Energy Limited and Incab Industries Limited, at fair value.

The resulting company, VPPL, will be listed on both the BSE and NSE. Post-demerger, the promoter and promoter group will hold 54.72% of VPPL’s issued capital, while public shareholders will hold 45.12%. The transaction is structured to be tax-neutral, with an estimated stamp duty cost of approximately ₹73 crore. Fractional shares arising from the 1:20 entitlement ratio will be consolidated and sold by a trustee, with proceeds distributed to concerned shareholders.