Vedanta Limited disclosed that its subsidiary, Talwandi Sabo Power Limited (TSPL), has received an adverse judgment from the Hon'ble Supreme Court of India. The order, dated May 20, 2026, arises from appeals filed by Punjab State Power Corporation Limited (PSPCL) and Punjab State Load Despatch Centre (PSLDC). The court has set aside a previous judgment by the Appellate Tribunal for Electricity (APTEL) and restored the order passed by the Punjab State Electricity Regulatory Commission (PSERC).

The Supreme Court upheld the alleged penalty on TSPL regarding the misdeclaration of availability for January 2017 in terms of the Grid Code. Consequently, the subsidiary is liable to pay a financial penalty. The disclosure was made by Vedanta Limited to the stock exchanges on behalf of TSPL, as the shares of the latter are currently in the process of listing.

Financial Impact

The judgment carries a direct financial implication for the subsidiary. The court order specifies that TSPL must pay the penalty amount along with any applicable late payment surcharges to PSPCL. The company confirmed that the financial impact has been quantified.

The order resolves the appeals preferred by PSPCL, which challenged the earlier APTEL verdict. By restoring the PSERC order, the Supreme Court's decision concludes the legal proceedings regarding the specific violation of the Grid Code. TSPL has acknowledged the receipt of the order and the consequent liability.

Vedanta Limited has informed the stock exchanges of a scheduled Analyst and Institutional Investor Meet, in compliance with Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation, dated May 18, 2026, was submitted by Company Secretary and Compliance Officer Prerna Halwasiya on behalf of the company.

Investor Meet Details

The company has disclosed the following schedule for the upcoming investor engagement:

Vedanta has noted that the above schedule may undergo changes. Investors and analysts are advised to refer to official communications for any updates.

Presentation Access

The company has informed that the latest presentations to be made before investors will be accessible on Vedanta Limited's official website at www.vedantalimited.com . This ensures transparency and broad access to material shared during the investor webinar.

Regulatory Compliance

The intimation has been filed in accordance with the provisions of Regulation 30 of the SEBI Listing Regulations, which mandate listed companies to disclose schedules of analyst or institutional investor meets to the stock exchanges in a timely manner. The disclosure was made to both BSE Limited and the National Stock Exchange of India Limited.