Vedanta Oil and Gas Limited
Legal Proceedings Update
The Hon'ble Supreme Court of India passed a judgment on September 9, 2026, in Civil Appeal Nos. 25-26 of 2024 (SEBI vs. Vedanta Limited & Ors.) concerning allegations arising from the Cairn India buyback matter.
Court Decision Details
The Supreme Court remanded the matter to the Securities Appellate Tribunal (SAT) for fresh adjudication. The Court noted discrepancies in the trading data relied upon by SEBI and inconsistencies in the investigation record. The Court directed SAT to re-examine the evidence and record fresh findings in accordance with law.
Current Status
The Supreme Court neither upheld nor rejected SEBI's allegations. The matter has been directed for fresh consideration by SAT. Proceedings will continue before SAT for fresh adjudication per the Supreme Court's directions. There is presently no final determination of liability regarding the matter.
Company Response
Vedanta Oil and Gas Limited will take all appropriate steps in the matter and continues to pursue its legal remedies and defense in accordance with applicable law.
Additional Information
The disclosure is also available on the company's website at www.vedantaoilandgas.com.
Financial Impact
Financial impact not quantified in the disclosure as the matter remains pending adjudication with no final determination of liability.