Board Meeting Details
The approval was granted at the Board meeting held on July 29, 2026, based on the recommendation of the Nomination & Remuneration Committee. The meeting commenced at 03:00 p.m. IST and concluded at 03:38 p.m. IST.
ESOP 2026 Details
- Total Shares Covered: Up to 16,62,04,184 shares representing 4.25% of total paid-up share capital
- Exercise Price: Proposed at face value of ₹1 per share or such other price as approved
- Vesting Period: Minimum 1 year, maximum 5 years from grant date
- Exercise Period: 8 months from each vesting date
- Performance Basis: All options shall vest solely based on achievement of performance parameters
- Eligibility: Open to eligible employees of Company, holding company and subsidiaries, excluding promoters, promoter group, independent directors, and persons holding more than 10% equity
ESPP 2026 Details
- Total Shares Covered: Up to 2,93,30,150 shares representing 0.75% of total paid-up share capital
- Purchase Price: Nil or as determined by Nomination & Remuneration Committee
- Lock-in Period: 1 year from date of transfer
- Acceptance Period: Shares must be accepted within offer period specified in offer letter
- Eligibility: Same exclusion criteria as ESOP 2026
Implementation Structure
Both schemes will be implemented through trust route via Vedanta Oil and Gas Limited ESOS Trust. The trust will acquire existing equity shares through secondary acquisition from open market. The total shares held by the trust under both schemes shall not exceed 5% of paid-up equity share capital at any point.
Additional Board Action
The Board designated Mr. Pulak Modi, Non-Executive Director, as Vice Chairman of the Board.
Disclosure Requirements
The intimation is made under Regulation 30 of SEBI Listing Regulations with reference to SEBI circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Current Status
No grants have been made under VOGL ESOP 2026 and no offers have been made under VOGL ESPP 2026 as of the disclosure date.