Business Update Negative

2026-09-02 10:50

CRITICAL RED FLAG DETECTED

- Vedanta Iron And Steel received a ₹28.46 Lakh surcharge from Regional Provident Fund Commissioner, Goa, on Sep 01, 2026. - The surcharge is for FY23-24 due to investment pattern deviations. - Company plans to challenge; anticipates no material business impact.

Governance Positive

2026-08-31 18:18

- Postal Ballot Notice issued to seek shareholder approval for various resolutions. - Proposed appointment of M/s S.R. Batliboi & Co. LLP as Statutory Auditors. - Approval sought for 'Vedanta Iron And Steel Limited - Employee Stock Option Plan 2026' and 'Employee Share Purchase Plan 2026', including implementation through Trust, extension to holding/subsidiary employees, secondary acquisition of shares, and provision of funds for share purchase. - Approval sought for various material related party transactions. - E-voting period: September 01, 2026 (09:00 am) to September 30, 2026 (05:00 pm).

Business Update Neutral

2026-08-28 14:15

CRITICAL RED FLAG DETECTED

- ESL Steel Limited (subsidiary of VISL) received a Demand-cum-Show Cause Notice from GST authorities on August 27, 2026, for alleged excess ITC availment. - The disputed amount is reduced to approximately ₹6.73 Cr from ₹51.23 Cr. - The Company envisages no significant financial or operational impact.

Business Update Negative

2026-08-28 14:07

CRITICAL RED FLAG DETECTED

- Demand-cum-Show Cause Notice received by ESL Steel Limited, a subsidiary of Vedanta Iron And Steel Limited, on August 27, 2026. - Notice from: Office of the Principal Commissioner, Central Goods and Services Tax & Central Excise, Ranchi. - Proposed recovery: ₹39,58,32,544/- for alleged wrongful availment and utilization of Input Tax Credit (ITC) during FY 2020-21 to FY 2022-23. - Company's view: ESL is examining the notice and does not envisage any significant financial or operational impact.

Business Update Neutral

2026-08-27 13:07

- Concall Schedule - Concall Date: September 01, 2026 - Concall Time: 9.00 AM - 4.00 PM

Governance Negative

2026-08-26 19:45

CRITICAL RED FLAG DETECTED

- Lodha & Co LLP resigned as Statutory Auditors of ESL Steel Limited, a material subsidiary of Vedanta Iron And Steel Limited, effective August 26, 2026. - The resignation facilitates alignment of statutory auditors with the Group Auditor Framework following ESL becoming a material subsidiary of VISL due to a demerger. No other material reasons were stated.

Governance Negative

2026-08-26 19:07

CRITICAL RED FLAG DETECTED

- Vedanta Iron And Steel Limited's subsidiary, ESL Steel Limited, received an Adjudication Order from ROC Ranchi for non-disclosure of director remuneration ratio (FY 2015-16 to 2017-18). - ESL is exempted from penalty under Section 32A of the IBC 2016, and the adjudication proceedings are concluded. - Ex-Directors have accepted the proposed penalty.

Business Update Negative

2026-08-26 16:28

CRITICAL RED FLAG DETECTED

- ESL Steel, a Vedanta subsidiary, received a GST demand notice for ₹15.74 Cr (plus interest/penalty) for alleged short payment from FY21-FY23. - The company is examining the notice and does not foresee any significant financial or operational impact.

Business Update Negative

2026-08-14 12:49

CRITICAL RED FLAG DETECTED

- ESL Steel Limited, a subsidiary of Vedanta Iron And Steel Limited, received a GST intimation dated August 13, 2026. Its proposes a tax liability of ₹39.58 Crores (plus interest and penalty) for alleged short reversal of Input Tax Credit (ITC) from FY 2020-21 to FY 2022-23. The company is evaluating and expects no significant financial impact.

Business Update Neutral

2026-08-10 19:28

- Vedanta Iron And Steel's subsidiary, ESL Steel, received a GST intimation for alleged short payment of ₹15.74 Cr for FY20-23. - The company anticipates no significant financial or operational impact.

Business Update Negative

2026-08-08 12:06

CRITICAL RED FLAG DETECTED

- Vedanta Iron & Steel's subsidiary, ESL Steel, received an intimation on August 07, 2026, from GST authorities. - The intimation alleges excess Input Tax Credit (ITC) availment and utilization amounting to ₹512.3 Cr for FY 2020-21 to FY 2022-23. - ESL is examining the intimation and states no material financial or operational impact on the Company.

Governance Negative

2026-08-07 15:19

CRITICAL RED FLAG DETECTED

- Vedanta Iron And Steel Limited's subsidiary, ESL Steel Limited, received a Show Cause Notice from the Registrar of Companies, Ranchi, on August 06, 2026. - The notice alleges non-compliance with Section 197(15) of the Companies Act, 2013, regarding non-disclosure of director remuneration ratio to median employee remuneration for FY 2018-19. - Proposed penalties include ₹5,00,000 on ESL and ₹1,00,000 on an Ex-CFO. - The company stated that this matter will not have a significant financial or operational impact.

Business Update Neutral

2026-08-04 18:31

- Transcript of the Earnings Conference Call on Unaudited Financial Results for the first quarter ended June 30, 2026, is now available. - It covers both Consolidated and Standalone results. - The transcript can be accessed on the company's website: www.vedantaironandsteel.com.

Business Update Positive

2026-08-01 18:13

- Vedanta Iron And Steel Limited's Corporate Identification Number (CIN) has been updated. - The company's status on the MCA portal changed from 'Unlisted' to 'Listed' following the listing of its equity shares effective June 15, 2026.

Routine Neutral

2026-07-30 22:57

New Filing detected. See link for details.

Governance Negative

2026-07-30 19:08

CRITICAL RED FLAG DETECTED

- 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.

Business Update Positive

2026-07-29 21:08

- 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.

Financials Positive

2026-07-29 18:13

- 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)

Ownership Positive

2026-07-29 16:53

- 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.

Financials Negative

2026-07-29 16:41

CRITICAL RED FLAG DETECTED

- 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.

Business Update Neutral

2026-07-24 19:19

- 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)

Financials Neutral

2026-07-24 18:46

- 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).

Business Update Neutral

2026-07-24 18:10

- 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.

Ownership Neutral

2026-07-24 16:32

- 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.

Ownership Neutral

2026-07-23 18:20

- 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.

Governance Negative

2026-07-18 16:25

CRITICAL RED FLAG DETECTED

- 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.

Business Update Positive

2026-07-03 21:44

- 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.

VISL

Vedanta Iron and Steel Limited

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