Board Approval and Key Details

The Board of Directors of Vedanta Power Limited, on the recommendation of the Nomination & Remuneration Committee, approved the formulation, adoption, and implementation of two employee benefit schemes at its meeting held on July 29, 2026. The meeting commenced at 4:45 p.m. IST and concluded at 5:20 p.m. IST.

The approved schemes are:

1. Vedanta Power Limited - Employee Stock Option Plan 2026 (VEDPOWER ESOP 2026)

2. Vedanta Power Limited - Employee Share Purchase Plan 2026 (VEDPOWER ESPP 2026)

The aggregate number of options/shares that can be granted under both schemes together shall not exceed 5% of the total paid-up share capital of the Company, to be issued in one or more tranches.

Implementation Method

The schemes will be implemented through the trust route by creating a 'Vedanta Power Limited ESOS Trust' (VEDPOWER Trust). This trust will acquire the existing equity shares of the Company by way of secondary acquisition from the open market.

Scheme-wise Specifics

VEDPOWER ESOP 2026
  • Maximum Pool Size: 16,62,04,184 equity shares, representing 4.25% of the total paid-up share capital.
  • Pricing Formula: The exercise price per share is proposed to be the face value of the share (currently ₹10) or such other price as may be approved in accordance with applicable law.
  • Exercise Period: Options may be exercised within 8 months from the date of each vesting, subject to specified exceptions.
  • Vesting: A minimum vesting period of 1 year and a maximum of 5 years from the grant date. All options shall vest solely based on the achievement of performance parameters set out in the scheme.
VEDPOWER ESPP 2026
  • Maximum Pool Size: 2,93,30,150 equity shares, representing 0.75% of the total paid-up share capital.
  • Pricing Formula: The purchase price per share shall be nil or as determined by the Nomination & Remuneration Committee (NRC).
  • Offer Period: Shares offered must be accepted by eligible employees within the offer period specified in the offer letter.
  • Lock-in: Shares transferred to employees shall have a lock-in period of 1 year from the date of transfer.

Common Terms for Both Schemes

  • Eligibility: Open to eligible employees of the Company, its holding company, and its subsidiaries. Promoters, promoter group, independent directors, and any person holding more than 10% of the equity are explicitly excluded.
  • Current Status: No grants have been made under VEDPOWER ESOP 2026, and no offers have been made under VEDPOWER ESPP 2026 as of the date of this disclosure.
  • Compliance: The schemes are formulated in compliance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
  • Approval: The implementation of these schemes is subject to the approval of the members (shareholders) of the Company.

Financial and Capital Impact

The disclosure states that the total number of shares under all outstanding schemes (including these new ones) will not exceed 5% of the paid-up equity share capital. The specific financial impact, including dilution of Earnings Per Share (EPS), is not quantified in this disclosure, as no grants or offers have been made yet.