Vedanta Oil and Gas Limited has submitted a regulatory disclosure under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The company has received a communication from the Ministry of Petroleum and Natural Gas, Government of India (MoPNG), conveying its no-objection/approval in relation to the assignment of participating interests and operatorship pertaining to the oil and gas blocks transferred to the company.

This transfer occurred pursuant to the Scheme of Arrangement between Vedanta Limited (Demerged Company) and Vedanta Aluminium Metal Limited, Talwandi Sabo Power Limited, Vedanta Oil and Gas Limited (Resulting Company 3), and Vedanta Iron and Steel Limited under Sections 230 to 232 of the Companies Act, 2013. The scheme became effective on May 1, 2026.

The specific MoPNG communication referenced is letter No. DGH/Vedanta/Demerger/NOC/2026/1 dated July 24, 2026, from the Directorate General of Hydrocarbons.

The approval is granted subject to several critical conditions:

  • All pending liabilities of Vedanta Limited towards any exploration and production contracts (PSCs/RSCs/CBM contracts) signed with the Government of India, whether live, relinquished, or terminated, shall become the liability of the demerged entity (Vedanta Oil and Gas Limited).

Regarding Block CB-OS/2, the communication clarifies:

  • Vedanta Limited is noted as the successor-in-interest to Cairn India Limited for this block.
  • The Hon'ble High Court of Delhi, in its judgment dated July 22, 2026 (W.P.(C) 14738/2025), dismissed a writ petition filed by Vedanta Limited and upheld MoPNG's decision dated September 19, 2025, which rejected an application (dated June 28, 2021) for extension of the Production Sharing Contract (PSC).
  • The 'No Objection' does not confer any right, title, interest, equity, or estoppel for Vedanta Limited or the demerged entity regarding Block CB-OS/2.
  • It does not recognize the subsistence, revival, or extension of the PSC for this block and is issued without prejudice to the Government of India's rights and position.

The company is directed to ensure several compliances in a time-bound manner:

  • Immediately intimate the DGH of the date of completion/effectiveness of the demerger, along with a copy of Form INC-28 filed with the Registrar of Companies and the certificate of change of name.
  • Submit applications for carrying out necessary amendments to all affected PSCs/RSCs/CBM contracts to the DGH at the earliest, along with draft amendments and all requisite documents.
  • Furnish fresh Bank Guarantee(s) on behalf of the demerged entity wherever applicable under the respective contracts, submitted before or along with the draft amendments. Existing Bank Guarantees must remain valid until replacement is furnished and accepted by DGH.
  • Discharge all outstanding Government dues and demands under the said contracts as per their terms. The demerger or this 'No Objection' does not dilute, defer, or extinguish any such liability.

The communication explicitly states that it conveys only the 'No Objection' and should not be construed as acceptance, waiver, settlement, or admission by the Government of India regarding any claim, demand, dispute, or proceeding under the contracts.

The disclosure is signed by Shivangi Dhanuka, Company Secretary and Compliance Officer (Membership No.: A 70586) of Vedanta Oil and Gas Limited, on July 26, 2026.