Legal7 Aug 2026, 03:15 pm
Vedanta Subsidiary ESL Steel Receives Show Cause Notice
AI Summary
ESL Steel Limited, a subsidiary of Vedanta Iron And Steel Limited (VISL), has received a Show Cause Notice from the Registrar of Companies, Ranchi, concerning alleged non-compliance under Section 197(15) of the Companies Act, 2013. The notice relates to the alleged non-disclosure of remuneration ratios of directors to median employee remuneration for FY 2018-19. ESL is reviewing the matter and will submit a response within the stipulated timelines. The company stated that this notice is not expected to have a significant financial or operational impact.
Key Highlights
- ESL Steel, a Vedanta subsidiary, received a Show Cause Notice from ROC Ranchi.
- Allegation pertains to non-disclosure of director remuneration ratios.
- Notice relates to FY 2018-19 compliance under Companies Act, 2013.
- ESL is preparing a response and expects no significant financial impact.
Price Impact
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