Vedanta Oil and Gas Limited

Voting Process Details

The Board of Directors appointed Mr. Shivaram Bhat, Practicing Company Secretary (Membership No. A10454, CP No. 7853), as Scrutinizer for the postal ballot process via resolution dated September 24, 2026. The e-voting period commenced on Sunday, September 27, 2026 at 09:00 AM IST and concluded on Monday, October 26, 2026 at 05:00 PM IST. The record date for determining shareholder eligibility was September 18, 2026, with 2,334,078 total shareholders on record.

Resolution Outcomes

All 10 resolutions proposed in the Postal Ballot Notice dated September 24, 2026 were approved with requisite majority. The approval is considered received on the last date of e-voting (October 26, 2026).

Detailed Voting Results

Resolution 1: Approval of Vedanta Oil and Gas Limited - Employee Stock Option Plan 2026 and implementation through Trust (Special Resolution)

  • Total votes polled: 2,727,681,812 shares (69.7548% of outstanding shares)
  • Votes in favor: 2,637,148,697 shares (96.681% of votes polled)
  • Votes against: 90,533,115 shares (3.319% of votes polled)
  • Promoter group: 2,204,832,449 shares held, 2,204,742,753 votes polled (100% in favor)
  • Public institutions: 464,220,688 shares held, 380,150,958 votes polled (76.2437% in favor)
  • Public non-institutions: 1,241,335,920 shares held, 142,788,101 votes polled (99.8437% in favor)

Resolution 2: Extension of ESOP 2026 to holding/subsidiary company employees (Special Resolution)

  • Total votes polled: 2,727,681,915 shares (69.7548% of outstanding shares)
  • Votes in favor: 2,636,546,578 shares (96.6589% of votes polled)
  • Votes against: 91,135,337 shares (3.3411% of votes polled)

Resolution 3: Secondary acquisition of shares through Trust for ESOP implementation (Special Resolution)

  • Total votes polled: 2,727,692,040 shares (69.755% of outstanding shares)
  • Votes in favor: 2,637,425,431 shares (96.6907% of votes polled)
  • Votes against: 90,266,609 shares (3.3093% of votes polled)

Resolution 4: Provision of money by Company for share purchase through trust under ESOP (Special Resolution)

  • Total votes polled: 2,727,690,908 shares (69.755% of outstanding shares)
  • Votes in favor: 2,637,423,789 shares (96.6907% of votes polled)
  • Votes against: 90,267,119 shares (3.3093% of votes polled)

Resolution 5: Approval of Vedanta Oil and Gas Limited - Employee Share Purchase Plan 2026 and implementation through Trust (Special Resolution)

  • Total votes polled: 2,728,498,548 shares (69.7756% of outstanding shares)
  • Votes in favor: 2,713,470,985 shares (99.4492% of votes polled)
  • Votes against: 15,027,563 shares (0.5508% of votes polled)

Resolution 6: Extension of ESPP 2026 to holding/subsidiary company employees (Special Resolution)

  • Total votes polled: 2,728,502,025 shares (69.7757% of outstanding shares)
  • Votes in favor: 2,653,944,276 shares (97.2674% of votes polled)
  • Votes against: 74,557,749 shares (2.7326% of votes polled)

Resolution 7: Secondary acquisition of shares through Trust for ESPP implementation (Special Resolution)

  • Total votes polled: 2,728,498,323 shares (69.7756% of outstanding shares)
  • Votes in favor: 2,713,761,821 shares (99.4599% of votes polled)
  • Votes against: 14,736,502 shares (0.5401% of votes polled)

Resolution 8: Provision of money by Company for share purchase through trust under ESPP (Special Resolution)

  • Total votes polled: 2,728,480,197 shares (69.7752% of outstanding shares)
  • Votes in favor: 2,713,731,874 shares (99.4595% of votes polled)
  • Votes against: 14,748,323 shares (0.5405% of votes polled)

Resolution 9: Approval of material related party transactions between Company and Identified Related Parties (Ordinary Resolution)

  • Promoter group was interested in this resolution and did not vote
  • Total votes polled: 523,306,024 shares (13.3825% of outstanding shares)
  • Votes in favor: 520,076,288 shares (99.3828% of votes polled)
  • Votes against: 3,229,736 shares (0.6172% of votes polled)

Resolution 10: Approval of material related party transactions between Cairn Energy Hydrocarbons Limited (material subsidiary) and Identified Related Parties (Ordinary Resolution)

  • Promoter group was interested in this resolution and did not vote
  • Total votes polled: 523,738,557 shares (13.3935% of outstanding shares)
  • Votes in favor: 520,294,558 shares (99.3424% of votes polled)
  • Votes against: 3,443,999 shares (0.6576% of votes polled)

Scrutinizer's Report Details

Mr. Shivaram Bhat submitted his scrutinizer's report dated October 27, 2026, which provides additional breakdown of voting by ballot count:

  • Resolution 1: 32,641 ballots in favor (96.68%), 3,291 ballots against (3.32%)
  • Resolution 2: 32,572 ballots in favor (96.66%), 3,352 ballots against (3.34%)
  • Resolution 3: 32,713 ballots in favor (96.69%), 3,253 ballots against (3.31%)
  • Resolution 4: 32,654 ballots in favor (96.69%), 3,294 ballots against (3.31%)
  • Resolution 5: 33,445 ballots in favor (99.45%), 2,525 ballots against (0.55%)
  • Resolution 6: 32,646 ballots in favor (97.27%), 3,316 ballots against (2.73%)
  • Resolution 7: 33,527 ballots in favor (99.46%), 2,427 ballots against (0.54%)
  • Resolution 8: 33,418 ballots in favor (99.46%), 2,518 ballots against (0.54%)
  • Resolution 9: 33,969 ballots in favor (99.38%), 1,889 ballots against (0.62%)
  • Resolution 10: 33,991 ballots in favor (99.34%), 1,851 ballots against (0.66%)

The report noted that some members split their votes across different resolutions, with detailed breakdown provided for each case.

Availability of Documents

The voting results and scrutinizer's report are available at the company's registered office and on its website (www.vedantaoilandgas.com), as well as on the website of KFin Technologies Limited (evoting.kfintech.com), the company's registrar and share transfer agent.