Vedanta Oil and Gas Limited has adopted a Policy for determination of Materiality for Fair Disclosure of Material Events and Unpublished Price Sensitive Information to stock exchanges, effective May 01, 2026. The Board of Directors authorized Key Managerial Personnel (KMPs) to determine the materiality of events or information for the purpose of making disclosures to Stock Exchanges. This move ensures compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Authorization and Compliance

The Board of Directors approved the policy and its accompanying Archival Policy. They jointly authorized the Chief Executive Officer (CEO)/Whole Time Director (WTM), Chief Financial Officer (CFO), and Company Secretary and Compliance Officer (CS) to determine materiality. These officers will consult with the Head of Communications and Investor Relations when assessing disclosures.

Contact Information

For any clarification or information regarding the policy, stakeholders may contact the designated KMPs. The company has provided specific contact details for these officers.

The information is also available on the company's website at https://www.vedantaoilandgas.com/ .

Vedanta Oil and Gas Limited reported a net loss of ₹190.51 crore for the financial year ended March 31, 2026. The company has classified its business undertakings as held for sale as part of a restructuring scheme.

The company’s Board of Directors approved the submission of the audited financial statements for the year ended March 31, 2026. The financial statements have been prepared on a going concern basis, supported by a letter of financial support from the holding company.

Financial Performance

The company reported a loss from discontinued operations of ₹190.51 crore for the year ended March 31, 2026, compared to a loss of ₹188.09 crore in the previous year. The total comprehensive loss for the year stood at ₹192.35 crore.

Discontinued Operations

As at March 31, 2026, the Board announced its decision to divest all its existing business undertakings, including the Nickel (Nicomet) undertaking, GNRE Coke undertaking, and Power undertaking, to Vedanta Limited and/or the respective resulting companies. Consequently, these undertakings have been classified as disposal groups held for sale, and the related results have been presented as discontinued operations.

Auditor's Report

The Independent Auditor's Report issued by S R B C & Co LLP, Chartered Accountants, expressed an unmodified opinion on the financial statements. The auditors noted that the company has adequate internal financial controls with reference to financial statements, which were operating effectively as at March 31, 2026.

Going Concern Assessment

The company reported current liabilities exceeding current assets by ₹878.85 crore as at March 31, 2026. Based on the approved Scheme of Arrangement, the commitment of the Board to effect the reorganisation, and the support letter from the Holding Company, the management is confident that the company will be able to discharge its liabilities and continue as a going concern.