Key Decision and Rationale

The Board of Directors of Vedanta Iron And Steel Limited, based on the recommendation of the Audit and Risk Management Committee, resolved on September 21, 2026 at 03:41 p.m. IST to withdraw Items 10 to 16 from the Postal Ballot Notice.

The withdrawal decision followed a detailed review that identified the need for further evaluation of:

  • Scope, categorization and classification of certain proposed transactions
  • Transaction values and limits contemplated
  • Applicable approval requirements
  • Corresponding disclosures to shareholders

The company stated this action was taken "as a matter of abundant caution and good corporate governance."

Withdrawn Items

Items 10-16 sought approval for material related party transactions between the following entities and certain Identified Related Parties:

  • Item 10: Vedanta Iron And Steel Limited (the Company)
  • Item 11: Sesa Resources Limited (SRL) - material subsidiary
  • Item 12: Sesa Mining Corporation Limited (SMCL) - material subsidiary
  • Item 13: Bloom Fountain Limited (BFL) - material subsidiary
  • Item 14: ESL Steel Limited (ESL) - material subsidiary
  • Item 15: Western Cluster Limited (WCL) - material subsidiary
  • Item 16: Desai Cement Company Private Limited (DCCPL) - material subsidiary

Consequences of Withdrawal

  • Item Nos. 10 to 16 will not be considered for approval by members under the current postal ballot process
  • Any votes already cast on Items 10-16 will not be taken into account by the Scrutinizer
  • The total number of items for approval is reduced from 16 to 9 items
  • Remote e-voting continues for remaining Items 1 to 9
  • The withdrawal does not affect the validity of the remaining items (1-9)
  • All other contents, terms and disclosures in the original Postal Ballot Notice remain unchanged except for this modification

Voting Timeline

The remote e-voting period remains unchanged: from 9:00 A.M. (IST) on Tuesday, September 01, 2026 to 5:00 P.M. (IST) on Wednesday, September 30, 2026.

Document Availability

The Corrigendum dated September 21, 2026 is available on the company's website at www.vedantaironandsteel.com and forms an integral part of the original Postal Ballot Notice.