Vedanta Aluminium Metal Limited Announces Vesting of Over 55 Lakh Employee Stock Options Effective November 4, 2026

The vesting relates to the composite scheme of arrangement whereby Vedanta Limited's aluminium undertaking was transferred to Vedanta Aluminium Metal Limited effective May 1, 2026, following which VAML adopted a special purpose demerger ESOS scheme to maintain benefit continuity for employees. The vested options comprise 17,39,962 shares related to VAML and 37,76,378 shares pertaining to Vedanta Limited and three other resulting companies: Vedanta Power Limited, Vedanta Oil and Gas Limited, and Vedanta Iron and Steel Limited.

The employee stock options were granted under the 2023 Grant Plan following performance conditions over a sustained period, as approved by the Nomination and Remuneration Committee. The exercise price for all options is at par value. Employees have up to 8 months, or an approved alternative period, to exercise these vested options.

Details on the number of options exercised, money realized from such exercises, shares arising from option exercises, and options lapsed will be available after the exercise period concludes. No variation of terms or cancellations has been reported in relation to these options.