VISL

New Filing detected. See link for details.

- ESL Steel Limited, a subsidiary of Vedanta Iron And Steel Limited, received 5 Show Cause Notices from the Registrar of Companies, Ranchi, dated July 21-29, 2026. - The notices allege non-compliance with various sections of the Companies Act, 2013, concerning KMP remuneration details, Nomination & Remuneration Committee composition, Whole-time Director remuneration approval, and remuneration disclosures. - Proposed penalties on ESL range from ₹2,00,000 to ₹5,00,000 per notice, with additional penalties on individuals. - The company states it is examining the matters and believes it will not have a significant financial or operational impact.

- CRISIL Ratings Limited assigned 'Crisil AA/Stable' rating to Vedanta Iron And Steel Limited. - The rating is for a proposed banking facility and placed on 'Stable' outlook, published on July 29, 2026.

- Consolidated Revenue ₹3,662 Cr vs ₹3,033 Cr (▲18% YoY) - EBITDA ₹515 Cr vs ₹335 Cr (▲54% YoY) - PAT ₹121 Cr vs a net loss of ₹145 Cr (significant turnaround from loss to profit YoY) - EBITDA Margin 14% vs 10.78% (▲322bps YoY)

- Board approved Vedanta Iron And Steel Limited Employee Stock Option Plan 2026 (VISL ESOP 2026) and Employee Stock Purchase Plan 2026 (VISL ESPP 2026) on July 29, 2026. - The plans allow granting options/shares to eligible employees, collectively covering up to 5% of the paid-up share capital. - Schemes will be implemented through a Trust acquiring existing equity shares from the open market.

- Consolidated Revenue ₹3,662Cr vs ₹3,095Cr (▲18.32% YoY) - Consolidated EBITDA ₹525Cr vs ₹358Cr (▲46.65% YoY) - Consolidated PAT ₹121Cr vs ₹(145)Cr (Turnaround from loss to profit YoY) - Consolidated EBITDA Margin 14.34% vs 11.57% (▲277bps YoY) - Company reported significant exceptional items including an impairment provision of ₹1,200 Cr for its West Africa project due to viability uncertainty. - ESL Steel Limited faces ongoing regulatory challenges regarding environmental clearances, though in-principle FC Stage I approval has been received.

- Board Meeting scheduled for July 29, 2026, to consider Unaudited Financial Results for Q1 FY27. - Trading window closed for designated persons from July 01 to July 31, 2026. - Concall Schedule - Concall Date: July 30, 2026 - Concall Time: 5:00 PM to 6:30 PM (IST)

- Board Meeting on July 29, 2026, to consider Unaudited Financial Results for the quarter ended June 30, 2026. - Trading window closed from July 01, 2026, to August 31, 2026. - Earnings conference call on July 30, 2026, from 5:00 PM to 6:30 PM (IST).

- Concall Schedule - Concall Date: July 30, 2026 - Concall Time: 5:00 PM to 6:30 PM (IST) - Discussion: Unaudited Financial Results for the first quarter ended June 30, 2026.

- Vedanta Resources Limited (VRL) filed a disclosure regarding encumbrance over Vedanta Iron and Steel Limited (VISL) shares held by its subsidiaries. - This relates to a facility agreement dated July 20, 2026, for a total maximum commitment of US$ 2.25 billion. - The filing clarifies that it pertains to existing encumbrances and no new pledges were created under this facility.

- Vedanta Iron And Steel Limited (VISL) received an intimation regarding a Facility Agreement entered into by its promoter group entities (Twin Star Holdings Ltd., Vedanta Resources Limited, Vedanta Holdings Mauritius II Limited, Welter Trading Limited) on July 20, 2026.

- Intimation under Reg. 30 & 30A for a US$1 Billion Facility Agreement by promoter group entities (July 15, 2026). - Funds for VRL Group debt repayment & general corporate purposes. - Encumbrances created over VISL's shares. - VISL is subject to various covenants and restrictions from this agreement.

- Production Release for Q1 FY27, ended June 30, 2026. - Iron Ore production increased 4% YoY to 2.6 Mn DMT. - Saleable Steel production increased 4% YoY to 582 KT. - Pig Iron production reached a highest-ever 291 kt, up 8% YoY. - Goa iron ore production surged 166% YoY.