Latest news about Vedanta Iron & Steel
Vedanta Iron & Steel
36.09
-1.32(-3.53%)
Company Performance:
View Company Insights1D-3.53%
1M+9.63%
6M+71.37%
1Y+71.37%
5Y+71.37%
More news about Vedanta Iron & Steel
30Jul 26
ESL Steel Receives Five Show Cause Notices from Registrar of Companies, Ranchi over Companies Act Violations
ESL Steel Limited, a subsidiary of Vedanta Iron & Steel Limited, received five Show Cause Notices from the Registrar of Companies, Ranchi, on July 21 and July 29, 2026, for alleged non-compliances under the Companies Act, 2013. The notices relate to matters spanning FY 2015-16 to FY 2020-21, covering KMP appointment board resolutions, committee composition, Whole-time Director remuneration approval, and managerial remuneration disclosures. Proposed penalties on ESL range from ₹2,00,000 to ₹5,00,000 per notice, with additional penalties proposed on named individuals. The company has stated it will respond within prescribed timelines and that the notices will not have any significant financial or operational impact.
29Jul 26
Vedanta Iron & Steel approves ESOP and ESPP for employees
Vedanta Iron & Steel Ltd approved two employee benefit schemes on July 29, 2026, covering up to 5% of its paid-up capital. The ESOP plan allows 16,62,04,184 shares at face value, while the ESPP plan covers 2,93,30,150 shares at nil or determined prices. Both require shareholder approval and exclude promoters and major shareholders.
27Jul 26
Vedanta Iron & Steel promoter shares encumbered for US$2.25B facility
Vedanta Resources Limited disclosed encumbrances over 56.38% of Vedanta Iron & Steel shares held by subsidiaries under a US$ 2,250,000,000 facility agreement. The filing, made on July 22, 2026, specifies that no pledge was created but rather restrictive covenants apply to maintain control and prevent further security creation over the shares.
27Jul 26
Vedanta Iron & Steel hosts Q1FY27 earnings call on July 30
Vedanta Iron & Steel Limited will host an earnings conference call on July 30, 2026, to discuss its unaudited financial results for the first quarter ended June 30, 2026. The Board of Directors is scheduled to meet on July 29, 2026, to consider the results in compliance with SEBI Listing Regulations. A trading window closure remains in effect from July 1 to August 31, 2026.
18Jul 26
Vedanta Aluminium Metal promoter group secures $1bn facility
Promoter group entities of Vedanta Aluminium Metal Limited secured a US$ 1,000,000,000 bridge facility on July 15, 2026, resulting in encumbrances over 53.60% of the company's equity shares. The funds are allocated for the repayment of Vedanta Resources Group's financial indebtedness, fees, and general corporate purposes, excluding thermal coal infrastructure. The agreement imposes specific operational restrictions on the company, effective immediately or upon fund utilisation, while confirming no direct impact on management or control.
16Jul 26
Vedanta Aluminium Metal reports encumbrance on 56.38% promoter shares
GLAS Agency (Hong Kong) Limited disclosed an encumbrance over 56.38% of Vedanta Aluminium Metal Limited's equity shares held by promoter group entities, relating to $1.75 billion bonds issued by Vedanta Resources Finance II Plc. The filing details restrictions on asset disposal and requires the promoter group to retain at least 50.1% control, with obligations effective upon the execution of Supplemental Trust Deeds.
14Jul 26
Vedanta Iron & Steel Chairman Announces Plans to Scale Annual Production from Four Million Tonnes to 15 Million Tonnes
At its Annual General Meeting, the Chairman of Vedanta Iron & Steel announced plans to increase the company's annual production from four million tonnes to 15 million tonnes. The announcement highlights a major capacity expansion initiative disclosed directly to shareholders. This represents a nearly fourfold scale-up in the company's annual steel output target.
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1,276.90
(+0.73%)
183.72
(-0.96%)
1,115.80
(+1.30%)
172.88
(+1.57%)
725.00
(-1.01%)
514.40
(-0.72%)
36.09
(-3.53%)
40.11
(-0.94%)
353.10
(-1.20%)
66.80
(-1.50%)
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