Date: September 24, 2026

KMP / Board / Auditor Changes

Not Specified

Dividend Declaration or Non-Declaration

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Board Meeting Outcomes

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Financial Results

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Disinvestment / Strategic Actions

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Item No. 1: ESOS 2026 Performance Parameters

  • Vesting under Vedanta ESOS 2026 is 100% performance-linked with no time-based or guaranteed vesting element
  • Scheme does not permit any option to vest purely on continuation of employment (though continued employment is necessary for eligibility)
  • Performance targets and threshold levels are derived from the Company's annual operating plan approved by the Board
  • ESOS is a multi-year scheme with targets set at the beginning of each financial year
  • Company provides detailed business-level guidance through investor earnings communications
  • Company commits to enhanced disclosure of performance targets and actual achievement levels in future annual reports

Performance weightage distribution:

  • Senior & Mid Management: Business Performance (50%), Individual Performance (40%), Strategic Objective (10%)
  • Junior Management: Business Performance (50%), Individual Performance (50%)

Business-specific performance metrics:

  • Zinc Business: Volume (60%), Cost (15%), NSR (10%)
  • Copper: EBITDA (40%), FCF (45%), Footprint Reduction (15%)
  • FACOR: Volume (50%), Cost (10%), NSR (25%)
  • VGCB: Volume (50%), NSR (25%), FCF (10%)

Additional scheme details:

  • Vesting determined based on performance measured over minimum 3 years within maximum 5-year vesting period
  • Employees exposed to future share price risk with no guaranteed value realization
  • Grant value for any employee cannot exceed 100% of annual fixed pay
  • Minimum threshold for performance metrics must be achieved for vesting credit
  • Malus and claw back provisions apply
  • Nomination and Remuneration Committee (whose members are ineligible to participate) approves final vesting percentage
  • Vesting at threshold performance level: 50% of grant allocated to parameter
  • Vesting capped at 100% for overachievement of target

Item No. 2 and 6: ESOS Extension to Subsidiaries

  • Extension of VEDL ESOS/ESPP 2026 to employees of Holding Company and Subsidiary and Associate Companies is in line with applicable laws
  • Hindustan Zinc Limited (HZL) contributed more than 90% of VEDL's consolidated EBITDA for continuing operations in FY26
  • HZL has participated in VEDL's equity scheme for past 10 years with option costs cross-charged to and borne by HZL
  • CEO of HZL is a Senior Management Personnel of VEDL
  • Vesting for HZL employees assessed against performance parameters specific to HZL's business
  • Cost of benefits cross-charged to and borne by the relevant entity receiving the employee's services

Item No. 3 and 4: Secondary Acquisition Mechanism

  • Proposed secondary acquisition mechanism facilitates efficient implementation of VEDL ESOS 2026 through Trust
  • Avoids issuance of additional shares by the Company
  • Does not result in incremental equity dilution beyond shareholder-approved limits
  • Acquisition and holding of shares by Trust does not confer immediate or assured benefit on employees
  • Options vest only upon satisfaction of prescribed conditions including continued employment and performance-linked objectives
  • Performance conditions include operational performance, profitability, cash flow generation, market capitalization, ESG goals and strategic business objectives
  • Vedanta has used ESOS Trust since inception of ESOS 2016 scheme
  • Secondary acquisition route and Trust funding are administrative tools supporting long-term employee ownership

Other Operational / Legal / Strategic Disclosures

This is a follow-up to letter dated VEDL/Sec./SE/26-27/92 dated August 31, 2026 regarding the Postal Ballot Notice dated August 28, 2026.

The document is signed by Prerna Halwasiya, Company Secretary and Compliance Officer of Vedanta Limited.