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Notes:- 1 The above consolidated results of Vedanta Limited ("the Company") and its subsidiaries ("the Group"), jointly controlled entities, and associates for the quarter and year ended 31 March 2026 have been reviewed by the Audit and Risk Management Committee and approved by the Board of Directors in its meeting held on 29 April 2026. The statutory auditors have audited these results and issued an unmodified opinion. 2 These results have been prepared on the basis of the audited financial statements for the year ended 31 March 2026 and the interim financial results for the quarter and nine months ended 31 December 2025, which are prepared in accordance with the Indian Accounting Standards ("Ind AS") notified under the Companies (Indian Accounting Standards) Rules, 2015. The figures of the last quarter are the balancing figures between audited figures for the full financial year and unaudited year to date figures up to the third quarter of the respective financial year. 3 During the quarter ended 31 March 2026, the Board of Directors of the Company, at its meeting held on 23 March 2026, approved the third interim dividend of Rs. 11/- per equity share on face value of Rs. 1/- per equity share for FY 2025-26. With this, the total dividend declared for FY 2025-26 stands at Rs. 34/- per equity share of Rs. 1/- each. 4 Net exceptional (loss)/gain : (Rs. in Crore) Particulars Year ended "31.03.2026 (Audited) (Refer note 2)" "31.12.2025 (Unaudited)" "31.03.2025 (Audited) (Refer note 2)" "31.03.2026 (Audited)" "31.03.2025 (Audited)" Continuing Operations: Property, plant and equipment ("PPE"), exploration intangible assets under development, capital work-in-progress ("CWIP") and other assets written back/ (written off) or (impaired)/ reversed: - Others - - - - (268) Impact of state levies: Zinc - 56 - 56 (83) Statutory impact of new Labour Codes - (36) - (36) - Net exceptional gain/ (loss) - 20 - 20 (351) Current tax (expense)/benefit on above - (6) - (6) 21 Net deferred tax benefit on above - 1 - 1 - Net exceptional gain/ (loss) (net of tax) from continuing operations (A): - 15 - 15 (330) Discontinued Operations: Property, plant and equipment ("PPE"), exploration intangible assets under development, capital work-in-progress ("CWIP") and other assets written back/ (written off) or (impaired)/ reversed: - Oil & Gas - - - - 2,358 - Aluminiuma (349) - - (349) - - Iron Oreb (1,471) - - (1,471) - Impact of state levies: - Iron Ore - - - - (139) Power Segment: - Trade receivables written off - - - (1,407) - - Late Payment Surcharge - (215) - (215) - - Capital creditor settlement - - - (660) - Statutory impact of new Labour Codes - (96) - (96) - Net exceptional (loss)/ gain (1,820) (311) - (4,198) 2,219 Current tax benefit on above 88 - - 88 29 Net deferred tax benefit/ (expense) on above - 78 - 598 (782) Net exceptional (loss)/ gain (net of tax) from discontinuing operations (B): (1,732) (233) - (3,512) 1,466 Less: Non-controlling interests on above (C) - 5 - 5 (24) Net exceptional (loss)/ gain, net of tax and non-controlling interests (A+B+C) (1,732) (223) - (3,502) 1,160 a) Represents certain items of CWIP, which have been written off during the quarter ended 31 March 2026 as they are no longer expected to be used. b) During the quarter ended 31 March 2026, the Group has recognized a provision for impairment in respect of assets comprising property, plant and equipment and inventory, in West Africa (Western Cluster, Liberia) aggregating to Rs. 1,200 Crores and a provision for Rs. 271 Crores with respect to contractual obligations arising due to cessation of operations. The impairment is a result of continued uncertainty in the viability of the project due to geo-political factors including high stripping ratios, lower ore grades, logistical constraints. 5 During the quarter ended 31 March 2026, ESL Steel Limited, a subsidiary of the Company, has derecognised deferred tax assets of Rs. 510 Crore basis the management’s estimate of future outlook, financial projections and requirements of Ind AS 12. Based on revised projections, it is probable that the remaining deferred tax assets will be realised. 6 "The Government of India (""GoI""), acting through the Directorate General of Hydrocarbons (""DGH""), had raised demand up to 14 May 2020 for Government’s additional share of Profit Oil, based on its computation of disallowance of cost incurred over retrospective re-allocation of certain common costs between Development Areas (DAs) of Rajasthan Block; recovery of exploration costs incurred after the Exploration phase; and certain other matters aggregating to Rs. 9,545 Crore (USD 1,162 million) and applicable interest thereon representing share of Vedanta Limited and its subsidiary. The Group had disputed the aforesaid demand and invoked arbitration as per the provisions of the Production Sharing Contract. The Group had received the Final Partial Award dated 22 August 2023 from the Arbitration Tribunal (‘the Tribunal') as amended by orders dated 15 November 2023 and 8 December 2023 (“the Award”), dismissing the Government’s contention of additional Profit Petroleum in relation to allocation of common development costs across Development Areas and certain other matters in accordance with terms of the Production Sharing Contract for Rajasthan Block, while allowing some aspects of the audit objections raised. Further, the Tribunal had decided that the Group was allowed to claim cost recovery of exploration cost as per terms of the Production Sharing Contract. Pursuant to the Award, the Group had recognized a benefit of Rs. 4,761 Crore (USD 578 million) in revenue from operations in financial year ended 31 March 2024. The Group has adjusted the profit petroleum liability against the aforesaid benefit. " "GoI filed interim relief application to the Tribunal on 3 February 2024 stating that the Group has unilaterally enforced the Award although the quantification of the same is pending. The Tribunal vide its order dated 29 April 2024 denied GoI's interim relief application. GoI filed an appeal before the Hon’ble Delhi High Court (“Section 37 Appeal”) challenging Tribunal’s order dated 29 April 2024. On 11 July 2025, the Hon’ble Delhi High Court dismissed GOI’s Section 37 Appeal in Group’s favour. GOI has filed a SLP before the Hon’ble Supreme Court challenging Hon’ble Delhi High Court’s order dated 11 July 2025. The matter is listed for hearing on maintainability of the SLP on 29 July 2026. Without prejudice to its rights under the proceedings, the Group has paid a sum of Rs. 513 Crore (USD 57 million) during the year ended 31 March 2026. In the interim, quantum proceedings have commenced. The Group has filed its claim for USD 512 million before the Tribunal and GOI, while disputing the claim of the Group’s, has filed a counter claim of USD 210 million to the Tribunal. As claim of USD 512 million is largely on account of disintegration of the Virtual Development Areas (“DAs”) (that were created on account of Office Memorandum 13 & Office Memorandum 19) into the main DA, managment believes Group has a good case on merits. GOI’s claim of USD 210 million is based largely on the argument that the Work Programme & Budget (“WP&B”) was not reviewed by GOI. It is Vedanta’s submission that the WP&B were submitted to DGH for review. Hearing in the matter concluded in March 2026. Arbitration award is awaited." GoI had also filed a challenge against the Award on 7 March 2024 in Delhi High Court (“Section 34 Application”). Notice has been issued in the matter. Till date, no stay has been granted on operation of the Award. Next date of hearing is 8 May 2026. The Group believes that the Court may not re-appreciate the evidence in Section 34 Application, as the interpretation by the Tribunal is plausible. 7 "The Group’s Production Sharing Contract (PSC) for the Cambay Block (CB-OS/2) expired on 29 June 2023. The Group, along with its joint venture partners, had submitted an application for extension of the PSC on 28 June 2021, under the Government of India’s 2017 Extension Policy. The Group received few temporary short-term extensions in the interim. The carrying value of Property, Plant and equipment/ Capital work-in progress and receivables from other joint venture partner in Cambay block is Rs. 470 Crores (USD 50 million). The Ministry of Petroleum & Natural Gas (MoPNG), vide its letter dated 19 September 2025, has not accepted the application for extension of the PSC, citing delays, procedural and contractual non-compliances. " "The Group has challenged the said letter before the Hon’ble Delhi High Court through a writ petition filed in September 2025, primarily on the grounds that the rejection is arbitrary and did not consider relevant factors under 2017 Extension policy. Pursuant to the Delhi High Court’s judgement dated 6 January 2026, notices have been issued in the matter and the parties have been directed to maintain status quo. Reply has been filed by the DGH and ONGC and Group has filed its rejoinder. DGH has also filed an application seeking vacation of the interim order. The matter is being heard. Based on provisions of PSC and its interpretation of 2017 extension policy, management believes that extension would be granted by MoPNG as the application for extension of the PSC was made in compliance with the timelines and criteria under the 2017 Extension Policy. Accordingly, no adjustments have been made to the Consolidated Financial results for the quarter and year ended 31 March 2026." 8 "The Board of Directors, in its meeting held on 29 September 2023, had approved a Scheme of Arrangement (“the Original Scheme”) for demerger of various businesses of the Company, namely, demerger of the Company’s Aluminium (represented by the Aluminium segment), Merchant Power (represented by the Power segment), Oil & Gas (represented by the Oil and Gas segment), Base Metals (represented by the Copper and Zinc International segment) and Iron Ore & Steel (represented by Iron Ore segment and Steel and Cement business) Undertakings, resulting in 6 separate companies (including Vedanta Limited, being the demerged Company), with a mirrored shareholding and consequent listings at BSE Limited and National Stock Exchange of India Limited (""the Stock Exchanges""). The Stock Exchanges gave their no-objection to the Scheme. A first motion application, in respect of the Original Scheme, was filed by demerged company (i.e., Vedanta Limited) and four resulting companies (i.e., Vedanta Aluminium Metal Limited (“VAML”), Malco Energy Limited (“MEL”), Vedanta Base Metals Limited (“VBML”) and Vedanta Iron and Steel Limited (“VISL”)) before the Hon’ble National Company Law Tribunal, Mumbai Bench (“NCLT”) on 06 August 2024 (“VEDL First Motion’’). The Hon’ble NCLT by way of its order dated 21 November 2024 (“VEDL NCLT Order”) inter alia:" "a) directed the Company to convene a meeting of its equity shareholders, secured creditors and unsecured creditors within 90 days of the date of receipt of the Order; b) directed MEL to convene a meeting of its secured and unsecured creditors within 90 days of the date of receipt of the Order; c) dispensed with the meeting of equity shareholders of VAML, MEL, VBML and VISL; and d) dispensed with the meeting of secured and unsecured creditors of VAML, VBML and VISL." "In December 2024, Vedanta Limited and other five resulting companies decided not to proceed with implementation of Part V of the Original Scheme, i.e., demerger of Base Metal undertaking into VBML, along with making appropriate updates to the Original Scheme (“Scheme”). The non-implementation of the demerger of the Base Metals undertaking shall not affect any other parts of the Original Scheme described above. In compliance with VEDL NCLT Order, the meetings were held on 18 February 2025 and the Scheme (with modification to exclude demerger of Base Metals Undertaking) was approved by the equity shareholders, secured creditors and unsecured creditors of the Company, as well as the secured and unsecured creditors of MEL." On 5 March 2025, Vedanta Limited along with VAML, MEL and VISL, filed a second motion petition before the Hon’ble NCLT inter alia seeking sanction of the Scheme. After multiple hearings with the Hon’ble NCLT, the Scheme was approved by the Hon’ble NCLT vide its order dated 16 December 2025. Further, a separate first motion application was filed by Talwandi Sabo Power Limited (“TSPL”), one of the resulting companies, with the Hon’ble NCLT, Mumbai on 22 October 2024 (“TSPL First Motion”) for demerger of Merchant Power Undertaking of the Company, since TSPL’s Registered Office (“RO”) was in the process of being changed from Mansa (Punjab) to Mumbai (Maharashtra) at the time of filing VEDL First Motion. The Hon’ble NCLT by way of its order dated 17 October 2025 inter alia directed (i) dispensation of the meeting of equity shareholders of TSPL; and (ii) TSPL to convene a meeting of its secured creditors and unsecured creditors within 90 days of the date of receipt of the order. The meetings were held on 21 November 2025, and the Scheme was approved by the secured creditors and unsecured creditors of TSPL. On 25 November 2025, TSPL filed a second motion petition before the Hon’ble NCLT inter alia seeking sanction of the Scheme. The Scheme was approved by the Hon’ble NCLT in TSPL’s second motion petition vide its order dated 9 January 2026. "Consequently, the receipt of aforesaid NCLT approval, being one of the substantial approvals, meets the highly-probable criteria prescribed in Ind AS 105 ""Non-current Assets Held for Sale and Discontinued Operations"" for presentation of the Scheme as discontinued operations. Hence Aluminium, Oil and Gas, Iron Ore & Steel and Power undertakings have been disclosed as discontinued operation in Consolidated financial statements. Accordingly, all previous period figures in the Consolidated/standalone statement of profit and loss have also been re-presented/re-computed. The Board of Directors, at its meeting held on 20 April 2026, has inter alia, approved the following: a) To make the Scheme effective on 1 May 2026; and b) In consultation with VAML, TSPL, MEL and VISL, the Board has fixed 1 May 2026, as the record date for determining the shareholders eligible to receive consideration pursuant to the Scheme. " The impact of the demerger would be given on the date of effectiveness of the Scheme following the completion/ approval of all substantial conditions. Brief particulars of the discontinued operations are given below: (A) Carrying value of net assets of the Demerged Undertaking (net of inter segment balances) as at 31 March 2026 (Rs. in Crore) Oil and Gas Undertaking "Aluminium undertaking" Iron Ore & Steel Undertaking Power Undertaking Total ASSETS Non-current assets (a) Property, plant and equipment 9,195 54,837 6,531 11,882 82,445 (b) Capital work-in-progress 6,219 9,316 2,755 1,703 19,993 (c) Intangible assets 53 912 522 2 1,489 (d) Exploration intangible assets under development 2,571 1,163 - - 3,734 (e) Investments accounted for using the equity method - - - - - (f) Financial assets (i) Investments 25 849 - - 874 (ii) Loans - - - - - (iii) Trade receivables - 133 - 1,017 1,150 (iv) Derivatives - 229 - - 229 (v) Others 2,516 1,138 120 30 3,804 (g) Deferred tax assets (net) - - 1,990 376 2,366 (h) Income tax assets (net) - - 134 2 136 (i) Other non-current assets 182 2,180 624 96 3,082 Total non-current assets 20,761 70,757 12,676 15,108 119,302 Current assets (a) Inventories 728 6,871 1,897 515 10,011 (b) Financial assets (i) Investments 990 2,597 308 7 3,902 (ii) Trade receivables 809 2,417 292 1,225 4,743 (iii) Cash and cash equivalents 1,134 1,474 1,033 798 4,439 (iv) Other bank balances 3,190 268 229 30 3,717 (v) Loans 727 1 1,316 - 2,044 (vi) Derivatives - 358 12 - 370 (vii) Others 7,063 1,377 213 3 8,656 (c) Income tax assets (net) - - - 6 6 (d) Other current assets 130 887 686 347 2,050 Total current assets 14,771 16,250 5,986 2,931 39,938 Total Assets 35,532 87,007 18,662 18,039 159,240 LIABILITIES Non-current liabilities (a) Financial liabilities (i) Borrowings 2,033 26,214 1,161 7,068 36,476 (ii) Lease liabilities 94 70 580 32 776 (iii) Derivatives - - - - - (iv) Other financial liabilities 4 342 230 - 576 (b) Provisions 2,323 311 302 10 2,946 (c) Deferred tax liabilities (net) 3,088 5,564 82 34 8,768 (d) Other non-current liabilities - 3,222 35 29 3,286 Total non-current liabilities 7,542 35,723 2,390 7,173 52,828 Current liabilities (a) Financial liabilities (i) Borrowings 1,878 11,478 3,517 1,398 18,271 (ii) Lease liabilities 54 21 525 8 608 (iii) Operational buyers' credit / suppliers' credit 66 4,073 2,110 908 7,157 (iv) Trade payables 1,173 3,444 1,130 347 6,094 (v) Derivatives - 4,017 - - 4,017 (vi) Other financial liabilities 7,325 3,235 1,111 752 12,423 (b) Other current liabilities 326 2,416 884 27 3,653 (c) Provisions 72 194 339 2 607 (d) Income tax liabilities (net) 121 98 38 - 257 Total current liabilities 11,015 28,976 9,654 3,442 53,087 Total Liabilities 18,557 64,699 12,044 10,615 105,915 Carrying value of net assets of the Demerged Undertaking (gross of inter segment balances) as at 31 March 2026 (Rs. in Crore) Oil and Gas Undertaking "Aluminium undertaking" Iron Ore & Steel Undertaking Power Undertaking Total ASSETS Non-current assets (a) Property, plant and equipment 9,195 54,837 6,531 11,882 82,445 (b) Capital work-in-progress 6,219 9,316 2,755 1,703 19,993 (c) Intangible assets 53 912 522 2 1,489 (d) Exploration intangible assets under development 2,571 1,163 - - 3,734 (e) Investments accounted for using the equity method - - - - - (f) Financial assets (i) Investments 25 849 - - 874 (ii) Loans 3,032 - 198 - 3,230 (iii) Trade receivables - 133 - 1,017 1,150 (iv) Derivatives - 229 - - 229 (v) Others 2,516 1,138 120 30 3,804 (g) Deferred tax assets (net) - - 1,990 376 2,366 (h) Income tax assets (net) - - 134 2 136 (i) Other non-current assets 182 2,180 624 96 3,082 Total non-current assets 23,793 70,757 12,874 15,108 122,532 Current assets (a) Inventories 728 6,871 1,897 515 10,011 (b) Financial assets (i) Investments 990 2,597 308 7 3,902 (ii) Trade receivables 809 2,428 302 1,225 4,764 (iii) Cash and cash equivalents 1,134 1,474 1,033 798 4,439 (iv) Other bank balances 3,190 268 229 30 3,717 (v) Loans 727 1 1,400 - 2,128 (vi) Derivatives - 358 12 - 370 (vii) Others 7,069 1,377 323 4 8,773 (c) Income tax assets (net) - - - 6 6 (d) Other current assets 130 891 686 347 2,054 Total current assets 14,777 16,265 6,190 2,932 40,164 Total Assets 38,570 87,022 19,064 18,040 162,696 LIABILITIES Non-current liabilities (a) Financial liabilities (i) Borrowings 2,033 26,214 1,819 7,068 37,134 (ii) Lease liabilities 94 70 580 32 776 (iii) Derivatives - - - - - (iv) Other financial liabilities 4 342 230 - 576 (b) Provisions 2,323 311 302 10 2,946 (c) Deferred tax liabilities (net) 3,088 5,564 82 34 8,768 (d) Other non-current liabilities - 3,222 35 29 3,286 Total non-current liabilities 7,542 35,723 3,048 7,173 53,486 Current liabilities (a) Financial liabilities (i) Borrowings 3,747 11,478 12,488 1,398 29,111 (ii) Lease liabilities 54 21 525 8 608 (iii) Operational buyers' credit / suppliers' credit 66 4,073 2,110 908 7,157 (iv) Trade payables 1,173 3,444 1,133 353 6,103 (v) Derivatives - 4,017 - - 4,017 (vi) Other financial liabilities 7,372 3,239 1,644 752 13,007 (b) Other current liabilities 326 2,416 884 27 3,653 (c) Provisions 72 194 340 2 608 (d) Income tax liabilities (net) 121 98 38 - 257 Total current liabilities 12,931 28,980 19,162 3,448 64,521 Total Liabilities 20,473 64,703 22,210 10,621 118,007 (B) Profit from Discontinued Operations Oil and Gas Undertaking (Net of inter segment transactions) (Rs. in Crore) Quarter ended Year ended Particulars "31.03.2026 (Audited) (Refer note 2)" "31.12.2025 (Unaudited)" "31.03.2025 (Audited) (Refer note 2)" "31.03.2026 (Audited)" "31.03.2025 (Audited)" Revenue from operations 2,588 2,366 2,681 9,606 11,098 Total Income 2,645 2,580 2,894 10,328 11,885 Total expenses 1,699 2,535 2,530 8,927 9,802 Profit before exceptional items and tax 946 45 364 1,401 2,083 Net exceptional (loss)/gain - (26) - (26) 2,358 Net tax expense 509 93 87 664 1,087 Profit/(Loss) from discontinued operations 437 (74) 277 711 3,354 Oil and Gas Undertaking (Gross of inter segment transactions) (Rs. in Crore) Quarter ended Year ended Particulars "31.03.2026 (Audited) (Refer note 2)" "31.12.2025 (Unaudited)" "31.03.2025 (Audited) (Refer note 2)" "31.03.2026 (Audited)" "31.03.2025 (Audited)" Revenue from operations 2,588 2,366 2,681 9,606 11,098 Total Income 2,699 2,636 2,971 10,546 12,131 Total expenses 1,670 2,334 2,701 8,742 10,017 Profit before exceptional items and tax 1,029 302 270 1,804 2,114 Net exceptional (loss)/gain - (26) - (26) 2,358 Net tax expense 509 93 87 664 1,087 Profit from discontinued operations 520 183 183 1,114 3,385 Aluminium undertaking (Net of inter segment transactions) (Rs. in Crore) Quarter ended Year ended Particulars "31.03.2026 (Audited) (Refer note 2)" "31.12.2025 (Unaudited)" "31.03.2025 (Audited) (Refer note 2)" "31.03.2026 (Audited)" "31.03.2025 (Audited)" Revenue from operations 19,106 17,147 16,237 66,810 59,203 Total Income 19,332 17,481 16,428 67,700 60,093 Total expenses 11,510 11,603 13,448 46,942 48,632 Profit before exceptional items and tax 7,822 5,878 2,980 20,758 11,461 Net exceptional (loss) (349) (44) - (393) - Net tax expense 1,815 1,441 734 5,114 2,874 Profit from discontinued operations 5,658 4,393 2,246 15,251 8,587 Aluminium undertaking (Gross of inter segment transactions) (Rs. in Crore) Quarter ended Year ended Particulars "31.03.2026 (Audited) (Refer note 2)" "31.12.2025 (Unaudited)" "31.03.2025 (Audited) (Refer note 2)" "31.03.2026 (Audited)" "31.03.2025 (Audited)" Revenue from operations 19,163 17,169 16,257 66,929 59,280 Total Income 19,351 17,504 16,448 67,781 60,429 Total expenses 11,627 11,721 13,614 47,550 49,194 Profit before exceptional items and tax 7,724 5,783 2,834 20,231 11,235 Net exceptional (loss) (349) (44) - (393) - Net tax expense 1,815 1,441 734 5,114 2,874 Profit from discontinued operations 5,560 4,298 2,100 14,724 8,361 Iron Ore & Steel Undertaking (Net of inter segment transactions) (Rs. in Crore) Quarter ended Year ended Particulars "31.03.2026 (Audited) (Refer note 2)" "31.12.2025 (Unaudited)" "31.03.2025 (Audited) (Refer note 2)" "31.03.2026 (Audited)" "31.03.2025 (Audited)" Revenue from operations 3,861 3,769 3,446 13,581 13,910 Total Income 3,930 3,802 3,452 13,829 14,062 Total expenses 3,454 3,903 3,305 13,674 14,047 Profit before exceptional items and tax 476 (101) 147 155 15 Net exceptional (loss) (1,471) (22) - (1,493) (139) Net tax expense 627 68 97 765 138 (Loss)/Profit from discontinued operations (1,622) (191) 50 (2,103) (262) Iron Ore & Steel Undertaking (Gross of inter segment transactions) (Rs. in Crore) Quarter ended Year ended Particulars "31.03.2026 (Audited) (Refer note 2)" "31.12.2025 (Unaudited)" "31.03.2025 (Audited) (Refer note 2)" "31.03.2026 (Audited)" "31.03.2025 (Audited)" Revenue from operations 3,862 3,771 3,460 13,586 14,021 Total Income 4,065 3,933 3,609 14,353 14,787 Total expenses 3,512 3,958 3,338 13,863 14,256 Profit before exceptional items and tax 553 (25) 271 490 531 Net exceptional (loss) (1,471) (22) - (1,493) (139) Net tax expense 627 68 97 765 138 (Loss)/Profit from discontinued operations (1,545) (115) 174 (1,768) 254 Power Undertaking (Net of inter segment transactions) (Rs. in Crore) Quarter ended Year ended Particulars "31.03.2026 (Audited) (Refer note 2)" "31.12.2025 (Unaudited)" "31.03.2025 (Audited) (Refer note 2)" "31.03.2026 (Audited)" "31.03.2025 (Audited)" Revenue from operations 2,687 2,032 1,405 8,760 6,040 Total Income 2,695 2,038 1,410 8,782 6,056 Total expenses 2,318 2,071 1,575 8,598 6,585 Profit before exceptional items and tax 377 (33) (165) 184 (529) Net exceptional (loss) - (219) - (2,286) - Net tax (benefit) (252) (44) (16) (859) (109) Profit/(Loss) from discontinued operations 629 (208) (149) (1,243) (420) Power Undertaking (Gross of inter segment transactions) (Rs. in Crore) Quarter ended Year ended Particulars "31.03.2026 (Audited) (Refer note 2)" "31.12.2025 (Unaudited)" "31.03.2025 (Audited) (Refer note 2)" "31.03.2026 (Audited)" "31.03.2025 (Audited)" Revenue from operations 2,680 2,058 1,405 8,929 6,040 Total Income 2,688 2,064 1,410 8,952 6,056 Total expenses 2,374 2,097 1,586 8,713 6,663 Profit before exceptional items and tax 314 (33) (176) 239 (607) Net exceptional (loss) - (219) - (2,286) - Net tax (benefit) (252) (44) (16) (859) (109) Profit/(Loss) from discontinued operations 566 (208) (160) (1,188) (498) (C) Net cash flows attributable to the discontinued operations are as follows:- Net of inter-segment transactions for the period ended 31 March 2026 (Rs. in Crore) Particulars Oil and Gas Undertaking "Aluminium undertaking" Iron Ore & Steel Undertaking Power Undertaking Total Net cash generated from operating activities 3,392 18,231 1,079 1,774 24,476 Net cash used in investing activities 5,058 (7,682) (969) (1,421) (5,014) Net cash used in financing activities (7,824) (10,497) 535 305 (17,481) Net of inter-segment transactions for the period ended 31 March 2025 (Rs. in Crore) Particulars Oil and Gas Undertaking "Aluminium undertaking" Iron Ore & Steel Undertaking Power Undertaking Total Net cash generated from operating activities 8,825 14,549 383 236 23,993 Net cash used in investing activities (5,200) (8,138) 443 (1,370) (14,265) Net cash used in financing activities (3,124) (6,363) (678) 1,105 (9,060) Total expense includes finance cost which has been allocated between continuing and discontinued operations based on best estimate of debt allocation between business divisions of Vedanta Limited as at 31 March 2026. Accordingly, finance cost of comparative periods have been regrouped between continuing and discontinued operations. 9 Additional disclosures of financial ratios: Particulars Year ended " 31.03.2026 (Audited) " " 31.12.2025 (Unaudited) " " 31.03.2025 (Audited) " " 31.03.2026 (Audited) " " 31.03.2025 (Audited) " a) Debt-Equity Ratio (in times)** 1.19 1.33 1.37 1.19 1.37 b) Debt Service Coverage Ratio (in times)** 2.10 2.34 0.70 1.81 1.25 c) Interest Service Coverage Ratio (in times)** 8.52 6.77 4.61 6.24 4.42 d) Current Ratio (in times)** 1.06 0.95 0.92 1.06 0.92 e) Long term debt to working capital Ratio (in times)** 20.13 *** *** 20.13 *** f) Bad debts to Account receivable Ratio (in times)** 0.06 0.00 0.05 0.06 0.06 g) Current liability Ratio (in times)** 0.38 0.38 0.38 0.38 0.38 h) Total debts to total assets Ratio (in times)** 0.35 0.36 0.36 0.35 0.36 i) Debtors Turnover Ratio (in times)** 8.53 9.27 6.66 26.68 25.28 j) Inventory Turnover Ratio (in times)** 2.13 1.85 2.00 8.11 7.97 k) Operating-Profit Margin (%)** 32% 27% 21% 26% 21% l) Net-Profit Margin (%)** 21% 17% 12% 16% 13% m) Capital Redemption Reserve (Rs. in Crore)** 3,110 3,110 3,110 3,110 3,110 n) Net Worth (Total Equity) (Rs. in Crore)** 68,577 60,747 53,753 68,577 53,753 ** Not annualised, except for the year ended 31 March 2025 and 31 March 2026. *** Net working capital is negative All above ratios are calculated including amount of discontinued operations under the respective heads. Formulae for computation of ratios are as follows: a) Debt-Equity Ratio Total Debt/ Total Equity b) Debt Service Coverage Ratio Income available for debt service/ (interest expense + repayments made during the period for long term loans), where income available for debt service = Profit before exceptional items and tax + Depreciation, depletion and amortization expense + Interest expense c) Interest Service Coverage Ratio Income available for debt service/ interest expense d) Current Ratio Current Assets/ Current Liabilities (excluding current maturities of long term borrowing) e) Long term debt to working capital Ratio Non-current borrowing (including current maturities of long term borrowing)/ Working capital (WC), where WC = Current Assets - Current Liabilities (excluding current maturities of long term borrowing) f) Bad debts to Account receivable Ratio Bad Debts written off/ Average Trade Receivables g) Current liability Ratio Current Liabilities (excluding current maturities of long term borrowing)/ Total Liabilities h) Total debts to total assets Ratio Total Debt/ Total Assets i) Debtors Turnover Ratio Total revenue from operations/ Average Trade Receivables j) Inventory Turnover Ratio (Total revenue from operations - EBITDA)/ Average Inventory k) Operating-Profit Margin (%) (EBITDA - Depreciation, depletion and amortization expense)/ Total revenue from operations l) Net-Profit Margin (%) Net profit after tax before exceptional items (net of tax)/ Total revenue from operations m) Capital Redemption Reserve includes Preference Share Redemption Reserve created on redemption of preference shares. 10 The Non-Convertible debentures ('NCDs') of the Group outstanding as on 31 March 2026 are Rs. 20,630 Crore, of which listed secured NCDs are Rs. 6,089 Crore. The listed secured NCDs are secured by way of first pari passu mortgage/ charge on certain movable fixed assets and freehold land of the Group. The Group has maintained asset cover of more than 125% for NCDs with face value of Rs. 6,089 Crore. 11 "During the year ended 31 March 2026, a short seller has published reports alleging certain matters against some of the Vedanta Group entities including the Company. Based on management assessment, legal advice obtained, and involvement of external experts, management continues to believe that these allegations are baseless and that the transactions stated in the allegations have appropriate commercial substance and that the said transactions have been duly approved through necessary processes and the Group remains compliant with contractual obligations and applicable laws and regulations. During and subsequent to the year ended 31 March 2026, the Group has received requests for information and summons for production of documents from the regulators. These have been submitted / are in the process of being submitted within the relevant due dates, and no further communication has been received thereafter. Based on the above, management is confident that no adjustments are required to these Consolidated financial results and financial information of the Group for the quarter and year ended 31 March 2026 or any prior periods with respect to the allegations in the short seller reports published till date." 12 Subsequent to 31 March 2026, an incident occurred at a boiler of Group's Athena Power Plant located at Singhitarai, Chhattisgarh on 14 April 2026, The plant has been taken out of operation and a detailed technical assessment is currently underway. Based on management’s preliminary assessment and information available as at the date of approval of these financial results, the incident is not expected to have a net material impact on the Group’s financial position, results of operations, or cash flows. Management continues to monitor the situation and will take necessary actions, if required. By Order of Board Place: Mumbai Arun Misra Date: 29 April 2026 "Executive Director " (Whole-Time Director)

2025-04-01

2026-03-31

Audited

Consolidated

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Refer quick notes for results.

Derivatives

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Others

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Income tax Assets(net)

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Other non-current assets

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Derivatives

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Others

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Power

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Additional Notes: 1. We have considered Earnings before interest and tax (EBIT) for segment results. 2. Other unallocable income, net of expenses, share in profit/ loss of jointly controlled entities and net exceptional (loss)/gain are clubbed together and shown under the head "Other unallocable expenditure net off other unallocable income". 3. Others in "Segment Revenue (Income)" includes Other operating income of Rs. 1,327 Crore for the quarter ended 31 March 2026 and Rs. 3,119 Crore for the year ended 31 March 2026. i) Earnings before interest, depreciation, tax and exceptional items ('EBITDA') is a non- GAAP measure. ii) Includes cost of exploration wells written off in Oil & Gas segment of Rs. 161 Crore, Rs. 147 Crore, Rs. 258 Crore, Rs. 1252 Crore and Rs. 459 Crore for the quarters ended 31 March 2026, 31 December 2025, 31 March 2025, year ended 31 March 2026 and year ended 31 March 2025, respectively and amortisation of duty benefits relating to assets recognised as government grant. The continuing business segments are: (a) Zinc, Lead and Silver - India, which consists of mining of ore, manufacturing of zinc and lead ingots and silver, both from own mining and purchased concentrate. Additional intra segment information of revenues for the Zinc & Lead and Silver segment have been provided to enhance understanding of segment business; (b) Zinc - International, which consists of exploration, mining, treatment and production of zinc, lead, copper and associated mineral concentrates for sale; (c) Copper, which consist of mining of copper concentrate, manufacturing of copper cathode, continuous cast copper rod, anode slime from purchased concentrate and blister, and manufacturing of precious metal from anode slime, sulphuric acid and phosphoric acid; (d) Power, includes wind power plants and a power plant situated at Mettur Dam in the State of Tamil Nadu in southern India but excluding captive power; and (e) Other business segment under continuing operations comprises port/berth, glass substrate, power cables and ferroy alloys. The discontinued business segments are: (f) Oil & Gas, which consists of exploration, development and production of oil and gas; (g) Aluminium, which consist of mining of bauxite and manufacturing of alumina and various aluminium products; (h) Iron ore, which consists of mining of ore and manufacturing of pig iron and metallurgical coke; (i) Power, includes thermal power facilities predominantly engaged in generation and sale of commercial power but excluding captive power ; and (j) Other business segment under discontinued operations comprises steel and cement. The assets and liabilities that cannot be allocated between the segments are shown as unallocated assets and liabilities, respectively.

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Items that will be reclassified to profit or loss

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Audited

true

S.R. Batliboi and Co. LLP, Chartered Accountants

true

2027-07-31