Vedanta Limited received an ESG rating of 55 for FY26 from NSE Sustainability Ratings and Analytics Limited, placing the company in the Moderate category. The rating was communicated via email on August 10, 2026, and disclosed to stock exchanges on August 11, 2026. This independent assessment reflects the market’s view of Vedanta’s sustainability performance based on public disclosures.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with relevant SEBI circulars. NSE Sustainability, a subsidiary of NSE Indices Limited and a SEBI-registered ESG Rating Provider (ERP), conducted the evaluation as part of its assessment of the listed 500 companies in India.

Rating Methodology and Independence

NSE Sustainability derived its analysis solely from publicly available information disclosed by Vedanta Limited. The company confirmed that it did not engage NSE Sustainability for the evaluation or issuance of the ESG ratings. Consequently, the report was developed independently, ensuring no direct influence from Vedanta’s management on the scoring process.

The methodology used for these ratings is detailed in the Rating Rationale Report, which is also accessible on the NSE website. Investors can review the specific criteria and weightages applied in the assessment through the provided link.

What This Means for Stakeholders

An ESG rating serves as a critical benchmark for institutional investors who increasingly integrate sustainability metrics into their portfolio decisions. A score of 55 in the Moderate category suggests that while Vedanta has established baseline ESG practices, there is room for improvement relative to top-tier performers. The independent nature of this rating adds credibility to the assessment, as it relies on verifiable public data rather than self-reported metrics alone.

Vedanta Limited’s Company Secretary and Compliance Officer, Prerna Halwasiya, signed the disclosure letter, confirming the receipt of the report and its submission to both BSE Limited and the National Stock Exchange of India Limited. The rating will remain relevant for FY26 evaluations until the next annual assessment cycle.

Vedanta Limited has disclosed the full release of encumbrances over equity shares held by its promoter group entities, effective August 5, 2026, following the complete repayment of facilities aggregating up to US$ 80,000,000 under a facility agreement dated December 30, 2025. The disclosure was made by Vedanta Resources Limited (VRL) under Regulation 31 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (Takeover Regulations), and was filed with BSE Limited and the National Stock Exchange of India Limited on August 7, 2026. This follows an earlier disclosure dated January 1, 2026, wherein the creation of encumbrances over equity shares of Vedanta Limited (VEDL) held by direct and indirect subsidiaries of VRL had been reported.

Nature of Encumbrances Released

Pursuant to the facility agreement, three categories of encumbrances had been created over VEDL shares held by the promoter group entities. First, a negative lien was created on shares held or to be held by the Obligors — namely Twin Star Holdings Ltd. (TSHL), Vedanta Holdings Mauritius II Limited (VHMLII), and Welter Trading Limited (Welter). Second, these Obligors were restricted from creating any further encumbrance over shares directly or indirectly held by them in VEDL. Third, VRL and its direct or indirect subsidiaries (the VRL Group) were required to retain control over VEDL or, directly or indirectly, own at least 50.1% of the issued equity share capital of VEDL. All such encumbrances have been fully released with effect from August 5, 2026, following complete repayment of the facilities by VRL as the Borrower.

Promoter Entities and Shareholding Details

The encumbrances were held over shares of VEDL by five promoter group entities. The following table presents the details of shares subject to the release of encumbrance, as disclosed under Annexure 1 of the filing:

It is noted that on June 23, 2026, TSHL sold 65,072,990 equity shares, reducing its holding in VEDL from 40.02% to 38.35%. The encumbrances in favour of Bank of Maharashtra IFSC Banking Unit, acting as Agent for the benefit of the Lenders, have been fully released across all five entities.

Facility Agreement Structure

The facility agreement was executed among multiple parties. The key roles under the agreement were as follows:

Vedanta Limited was not a direct party to the facility agreement. The restrictions on Vedanta Limited arising from the facility agreement were separately disclosed to stock exchanges in an intimation dated January 2, 2026, and have since been rescinded following repayment, as also communicated on August 8, 2026.

Impact on Demerged Entities

Pursuant to a scheme of arrangement, four demerged entities of VEDL — Vedanta Aluminium Metal Limited, Vedanta Oil and Gas Limited, Vedanta Power Limited, and Vedanta Iron and Steel Limited — were listed and commenced trading on BSE Limited and the National Stock Exchange of India Limited on June 15, 2026. Consequent upon the complete repayment of the facilities, all encumbrances, if any, subsisting over the equity shares of these demerged entities under the terms of the facility agreement have also been fully released with effect from August 5, 2026. The disclosure further noted that the post-event encumbered shareholding details remain the same as the pre-event encumbered holdings, as other facility agreements entered into by VRL and/or its subsidiaries continue to have encumbrances for which separate disclosures have been filed from time to time.

Regulatory Compliance

The disclosure was made under Regulation 31 of the Takeover Regulations, read with SEBI's Master Circular dated February 16, 2023, bearing reference no. SEBI/HO/CFD/PoD-1/P/CIR/2023/31. The filing was authorised and signed on behalf of Vedanta Resources Limited and its aforementioned subsidiaries on August 7, 2026. The company confirmed that the encumbrances being released were likely to fall within the definition of the term "encumbrance" as provided under Chapter V of the Takeover Regulations, given the nature of conditions and arrangements under the facility agreement.