Vedanta Limited has reported a downward revision in its Environmental, Social, and Governance (ESG) rating, as disclosed in a regulatory filing on May 01, 2026. The mining and metals conglomerate informed stock exchanges about the rating update through a formal disclosure under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.

ESG Rating Update Details

The company received communication from BSE on April 30, 2026, at around 05:13 PM IST regarding the rating revision. NSE Sustainability Ratings and Analytics Limited, a subsidiary of NSE Indices Limited and a SEBI-registered ESG Rating Provider, has updated Vedanta's ESG rating to reflect the new assessment.

Official Communication Process

The formal disclosure was communicated to both BSE Limited and National Stock Exchange of India Limited through official channels. The communication was addressed to BSE at Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai, and to NSE at Exchange Plaza, Bandra-Kurla Complex, Bandra East, Mumbai.

Independent Assessment Process

Vedanta Limited emphasized in its disclosure that the company has not engaged NSE Sustainability for the evaluation process. The ESG ratings have been issued independently by the rating provider, which operates as a subsidiary of NSE Indices Limited, a group company of the National Stock Exchange of India.

The rating provider, NSE Sustainability Ratings and Analytics Limited, is a SEBI-registered ESG Rating Provider (ERP) that conducts independent assessments of companies' environmental, social, and governance practices. The updated ratings are made available on NSE Sustainability's official website at www.nse-esgrating.com/esg-ratings .

Regulatory Compliance

The disclosure was made in compliance with regulatory requirements under Regulation 30 of the Listing Regulations, read with relevant SEBI circulars issued in this regard. Company Secretary and Compliance Officer Prerna Halwasiya signed the regulatory filing with digital signature on May 01, 2026, at 12:27:45 +05'30', ensuring proper adherence to disclosure norms.

The rating update represents a measurable change in the company's ESG assessment, moving from 57 to 54 points on the rating scale. This information has been formally communicated to both stock exchanges as part of the company's ongoing regulatory compliance obligations under SEBI guidelines.

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.