Latest news about Vedanta Iron & Steel
Vedanta Iron & Steel
33.97
-0.67(-1.93%)
Company Performance:
View Company Insights1D-1.93%
1M-3.52%
6M0.00%
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5Y0.00%
More news about Vedanta Iron & Steel
26Aug 26
ESL Steel exempted from penalty in ROC order over remuneration disclosure
ESL Steel received an ROC adjudication order on August 25, 2026, regarding director remuneration disclosure non-compliance for FY15-17. The company is exempted from monetary penalties under Section 32A of the IBC 2016. Ex-directors have accepted penalties and will remit them as directed by the Adjudicating Officer. The violation relates to Section 197(15) of the Companies Act and Rule 5 of Managerial Personnel Rules.
26Aug 26
Vedanta Iron & Steel subsidiary receives ₹15.74 Cr GST notice
ESL Steel received a GST show cause notice alleging short payments during FY21-23. Total proposed demand is ₹15.74 crore including IGST, CGST, and SGST. Notice issued under Section 74(1) of the CGST Act, 2017. Parent company Vedanta Iron & Steel sees no material financial impact.
14Aug 26
Vedanta Iron & Steel subsidiary receives ₹39.58 Cr GST intimation
Vedanta Iron & Steel subsidiary ESL Steel received a ₹39.58 crore GST intimation on August 13, 2026, alleging short reversal of ITC. This follows a previous ₹51.23 crore notice on August 7, 2026. The company denies any material financial or operational impact from either demand.
07Aug 26
ESL Steel faces ₹5L penalty for non-disclosure of director pay ratios
ESL Steel, a subsidiary of Vedanta Iron & Steel, faces a Show Cause Notice from ROC Ranchi for failing to disclose director-to-employee pay ratios in FY2018-19. The regulator proposes a ₹5 lakh fine for ESL and ₹1 lakh for ex-CFO Jalaj Kumar Malpani. Vedanta states there is no significant financial impact.
04Aug 26
Vedanta Iron & Steel Q1 Results: Earnings call transcript released
Vedanta Iron & Steel Limited disclosed the transcript of its Q1FY27 earnings call on August 4, 2026. The filing complies with SEBI LODR Regulations 30 and 46(2)(a), providing access to management commentary on unaudited consolidated and standalone results for the quarter ended June 30, 2026. The transcript is available on the company’s website.
01Aug 26
Vedanta Iron & Steel turns profitable in Q1FY27 with ₹122 crore net profit
Vedanta Iron & Steel achieved a significant financial turnaround in Q1FY27, reporting a net profit of ₹122 crore against a loss of ₹142 crore in the previous year's quarter. Revenue from operations increased by 18% to ₹3,680 crore. The improvement was largely driven by a sharp reduction in finance costs following the demerger of Vedanta Limited's iron ore undertaking. Standalone profits were ₹185 crore. The company continues to pursue significant capital expenditure plans for its steel and mining assets.
31Jul 26
Vedanta Iron & Steel Q1 Results: Earnings Call Recording Now Available Online
Vedanta Iron & Steel Limited released the audio recording of its Q1FY27 earnings call on July 30, 2026. The recording, available on the company website, covers consolidated and standalone unaudited results for the quarter ended June 30, 2026. The disclosure complies with SEBI LODR Regulations 30 and 46(2)(oa).
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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1,297.30
(-0.36%)
184.15
(-0.79%)
1,136.30
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186.10
(-0.96%)
738.75
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519.85
(+1.43%)
33.97
(-1.93%)
45.02
(-1.85%)
67.86
(-2.65%)
338.30
(-0.03%)
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