Key Event Details
- Effective Date: Vesting effective from November 04, 2026
- Regulatory Reference: SEBI Listing Regulations, Regulation 30 and Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Background and Context
The Employee Stock Option Grants – 2023 were granted under Vedanta Limited's pre-demerger Employee Stock Option Scheme – 2016 (ESOS 2016). Pursuant to the Composite Scheme of Arrangement approved by the Hon'ble National Company Law Tribunal, Mumbai Bench, which became effective on May 1, 2026, the iron ore undertaking of Vedanta Limited (VEDL) was transferred to Vedanta Iron And Steel Limited (VISL).
VISL adopted the VISL ESOS Special Purpose Demerger Scheme to provide continuity of benefits for outstanding grants under ESOS 2016 held by eligible employees of Vedanta Limited and the Resulting Companies (Vedanta Aluminium Metal Limited, Vedanta Power Limited, and Vedanta Oil and Gas Limited).
ESOP Vesting Details
| Particulars | Details |
| Total Options Granted (2023) | 1,84,14,252 |
| Total Options Vested | 55,16,340 |
| VISL Employees' Portion | 6,33,976 |
| VEDL & Other Resulting Companies Portion | 48,82,364 |
| Pricing Formula | At par value |
| Exercise Period | 8 months or such other time period as approved by Nomination and Remuneration Committee |
Additional Information
- Options were vested based on achievement of performance conditions and completion of the performance period
- The scheme complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
- Options exercised, money realized, total shares arising, and options lapsed will be determined after the exercise period closes
- No variation of terms of options or subsequent changes/cancellation occurred
- Diluted earnings per share impact is not applicable at this stage
Financial Impact
Financial impact quantification (money realized, shares issued) is pending and will be determined after the exercise period closes. The exact number of options to be exercised remains undetermined.