Date: August 26, 2026
KMP / Board / Auditor Changes
Auditor Resignation Details:
- Firm Name: Lodha & Co LLP (Chartered Accountants)
- Entity Affected: ESL Steel Limited (material subsidiary of VISL)
- Change Type: Resignation as Statutory Auditors
- Effective Date: Immediate effect from August 26, 2026
- Reason for Resignation: To facilitate alignment with Group Auditor Framework following the demerger of iron ore and steel business from Vedanta Limited to Vedanta Iron And Steel Limited (VISL). The statutory auditors of the holding company (VISL) should audit the financial statements of the material subsidiary company.
- Previous Term: Appointed on August 26, 2022, with term scheduled to expire on March 31, 2027
- Last Audit Report Submitted: March 31, 2026 (report dated April 18, 2026)
- Key Contact: Ajit Kumar Dalmia, Partner
- Firm Address: Esplanade Mansion, 14, Government Place East, Kolkata 700 069
- Firm Contact: Phone: 033 404 00000, Email: cal@lodhaco.com
Declarations:
- The auditor confirmed there are no other material reasons for resignation beyond those stated
- No concerns were raised prior to resignation (Not Applicable)
- No issues regarding inability to obtain sufficient appropriate audit evidence (Not Applicable)
Corporate Structure Context
Demerger Background:
- Recent demerger of iron ore and steel business from Vedanta Limited to Vedanta Iron And Steel Limited (VISL)
- ESL Steel Limited has consequently become a material subsidiary of VISL
Not Specified: Dividend Declaration, Financial Results, Board Meeting Outcomes, Other Operational/Legal/Strategic Disclosures, Media Release/Investor Communication