This is a regulatory disclosure submitted to BSE Limited and the National Stock Exchange of India Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board of Directors of Vedanta Aluminium Metal Limited (VAML) held a meeting on Thursday, July 30, 2026, which commenced at 01:20 p.m. IST and concluded at 02:18 p.m. IST. The board approved the following items:

1. First Interim Dividend for FY 2026-27

  • The Board has approved a First Interim Dividend of ₹8 per equity share.
  • The face value of each share is ₹1.
  • The total dividend payout amounts to approximately ₹3,128.55 Crores.
  • The record date for determining shareholder eligibility for this dividend is Wednesday, August 05, 2026.
  • The dividend will be paid within the stipulated timelines prescribed under law.

2. Approval of Employee Stock Option Plan (ESOP) and Employee Share Purchase Plan (ESPP)

  • On the recommendation of the Nomination & Remuneration Committee (NRC), the Board approved the formulation and adoption of two new schemes:
  • Vedanta Aluminium Metal Limited - Employee Stock Option Plan 2026 (VAML ESOP 2026)
  • Vedanta Aluminium Metal Limited – Employee Share Purchase Plan 2026 (VAML ESPP 2026)
  • The purpose of the schemes is to grant options to eligible employees of the Company and its subsidiaries.
  • The aggregate pool for both schemes combined is for up to 5% of the total paid-up share capital of the Company, to be granted in one or more tranches.
  • The schemes are subject to approval by the company's members (shareholders).
  • The schemes will be implemented through the trust route by creating a Vedanta Aluminium Metal Limited ESOS Trust (VAML Trust).
  • The trust will acquire existing equity shares of the Company through Secondary Acquisition from the open market.
  • The total number of shares under all outstanding schemes held by the trust shall not exceed 5% of the paid-up equity share capital at any point.
Key Details from Annexure-A:

VAML ESOP 2026

  • The total number of options that can be granted shall not exceed 16,62,04,184 shares, representing 4.25% of the total paid-up share capital.
  • The exercise price per share is proposed to be the face value of ₹1 per share, or another price as approved by the NRC.
  • Options may be exercised within eight months from the date of each vesting.
  • The vesting period is a minimum of 1 year and a maximum of 5 years from the grant date.
  • Vesting is solely based on the achievement of performance parameters set by the NRC.
  • No options have been granted under this plan as of the date of this disclosure.

VAML ESPP 2026

  • The total number of shares that can be offered shall not exceed 2,93,30,150 shares, representing 0.75% of the total paid-up share capital.
  • The purchase price per share shall be nil or as determined by the NRC.
  • Shares transferred to employees will have a lock-in period of 1 (One) year from the date of transfer.
  • No offer has been made under this plan as of the date of this disclosure.

Eligibility for Both Plans

  • The plans are open to eligible employees of the Company, its holding company, and its subsidiaries.
  • Promoters, promoter group, independent directors, and persons holding more than 10% of the equity are excluded from participation.

The disclosure was signed by Dashmeet Rana, Company Secretary & Compliance Officer, and is also available on the company's website at www.vedantaaluminium.com.