Vedanta Limited held its 61st Annual General Meeting (AGM) on July 14, 2026, through video conferencing, where shareholders passed all proposed resolutions. The meeting, which commenced at 03:00 P.M. IST and concluded at 04:57 P.M. IST, saw the adoption of financial statements for FY 2025-26, the re-appointment of key directors, and the ratification of auditors. The remote e-voting period was conducted from July 9, 2026, to July 13, 2026, with the scrutinizer confirming the validity of all votes cast.

Financial Performance and Approvals

The company reported a record revenue of ₹1,74,075 crore and the highest-ever EBITDA of ₹55,976 crore for FY 2025-26. Shareholders adopted the audited standalone and consolidated financial statements for the year ended March 31, 2026. The interim dividend for the financial year was also confirmed during the meeting.

Board and Auditor Appointments

The AGM approved the re-appointment of Mr. Anil Kumar Agarwal as Director, who retires by rotation. Mr. Arun Misra was re-appointed as an Executive Director effective from June 1, 2026, to July 31, 2026. Additionally, Dr. Meena Hemchandra was appointed as a Non-Executive Independent Director for a one-year term effective from May 1, 2026, to April 30, 2027. M/s MSKA & Associates LLP were appointed as Statutory Auditors to hold office until the conclusion of the 66th AGM.

Strategic Outlook

Chairman Anil Agarwal outlined ambitious production targets to capitalize on the completed demerger of its businesses into five separate listed entities. The company plans to significantly scale up output across aluminium, zinc, lead, and oil and gas segments to drive future growth and value creation.

Vedanta Limited announced its production numbers for the first quarter ended June 30, 2026, reporting record output across its zinc and ferrochrome segments. Zinc India achieved its highest-ever first-quarter mined metal production at 268 KT, while FACOR delivered its highest-ever quarterly ore production at 153 KT. The company's operational performance was driven by better grades, debottlenecking initiatives, and the restart of specific mines.

Zinc India Operational Performance

Zinc India's mined metal production rose 1% year-on-year to 268 KT, with saleable metal increasing 4% to 260 KT. Refined metal production was supported by capacity unlocked through debottlenecking initiatives at Chanderiya and Dariba and a 160 ktpa roaster at Debari. Saleable silver production remained flat at 149 metric tonnes. The following table summarises Zinc India's key operational metrics for the quarter:

Zinc International Performance

Zinc International's total mined metal production decreased 14% year-on-year to 48 KT. However, production from Gamsberg phase 1 increased 10% quarter-on-quarter to 45 KT, partially offsetting the broader decline. Mined metal content from BMM fell sharply by 73% year-on-year to 3 KT.

FACOR and Copper Performance

FACOR reported a 41% year-on-year surge in ore production to 153 KT, driven by the restart of Kalarangiatta Mines and stockpiling ahead of the monsoon season. Ferro Chrome production grew 4% year-on-year to 29 KT. Copper India achieved its highest first-quarter sales in eight years at 53 KT, a 3% year-on-year increase. Conversely, Copper International's copper rod sales fell 51% year-on-year to 9 KT due to the closure of the Strait of Hormuz.

Ports Operations

The Vizag General Cargo Berth achieved its highest-ever discharge volume of 2,358 KT in Q1 FY27, registering a 40% year-on-year and 18% quarter-on-quarter growth. Dispatch volumes increased 11% year-on-year to 1,652 KT.