Vedanta Iron & Steel Approves Employee Stock Plans

Vedanta Iron And Steel Ltd's Board of Directors, on July 29, 2026, approved the formulation and implementation of the Vedanta Iron And Steel Limited Employee Stock Option Plan 2026 (VISL ESOP 2026) and the Vedanta Iron And Steel Limited Employee Stock Purchase Plan 2026 (VISL ESPP 2026). These plans are designed to grant options to eligible employees of the company and its subsidiaries, covering up to 5% of the total paid-up share capital. The implementation will be through the VISL ESOS Trust, acquiring shares via secondary acquisition from the open market. The ESOP 2026 allows for up to 16,62,04,184 shares (4.25% of paid-up capital) with an exercise price at face value (₹1), while the ESPP 2026 allows for up to 2,93,30,150 shares (0.75% of paid-up capital). Both plans are subject to shareholder approval and comply with SEBI (SBEB) Regulations.