Vedanta Subsidiary ESL Steel Receives Show Cause Notices

ESL Steel Limited, a subsidiary of Vedanta Iron And Steel Limited (VISL), has received multiple Show Cause Notices (SCNs) from the Registrar of Companies, Ranchi, concerning alleged non-compliance with various sections of the Companies Act, 2013. The notices relate to matters such as appointment of Key Managerial Personnel without remuneration details, composition of the Nomination & Remuneration Committee, approval of Whole-time Director remuneration, and disclosures regarding director remuneration. ESL is reviewing the notices and will submit responses within the stipulated timelines. The company states these issues are not expected to have a significant financial or operational impact.