5447842026-11-045447842026-11-04in-capmkt:VestingOfOptionsMemberVISLVEDANTA IRON AND STEEL LIMITED544784NOTLISTEINE1CLE01013Options to purchase securities ESOPS (Sub-para 10-Para B)Newfalse2026-11-0417:49:00Pursuant to the Composite Scheme of Arrangement approved by the Hon’ble National Company Law Tribunal, Mumbai Bench, which became effective on May 1, 2026, the iron ore undertaking of Vedanta Limited (“VEDL”) was transferred to Vedanta Iron And Steel Limited (“VISL”). <br /> <br /> In lieu of the above, VISL adopted the VISL ESOS Special Purpose Demerger Scheme to provide continuity of benefits in respect of the current outstanding grants under ESOS 2016 held by eligible employees of Vedanta Limited (VEDL) and the Resulting Companies (Vedanta Aluminium Metal Limited, Vedanta Power Limited (erstwhile Talwandi Sabo Power Limited), and Vedanta Oil and Gas Limited (erstwhile Malco Energy Limited). Accordingly, such eligible employees will be entitled to receive equity shares of VEDL as well as the respective Resulting Companies.2026-11-04Vesting of optionsThe present instance is vesting of options granted in 2023, on completion of the performance period and subject to achievement of performance conditions.trueOptions Granted -1,84,14,252 Total Options vested - 55,16,340 Vedanta Iron And Steel Limited - 6,33,976 VEDL and other three resulting Companies - 48,82,364₹ 1 (Par value)Total Options vested - 55,16,340 Vedanta Iron And Steel Limited - 6,33,976 VEDL and other resulting Companies - 48,82,3648 months or such other time period as may be approved by NRC of the CompanyThe exact options exercised will be determined post the exercise period is closed.The money realized by exercise of options will be determined post the exercise period is closed.The total number of shares arising as a result of exercise of option will be determined post the exercise period is closed.The options lapsed will be determined post the exercise period is closed.Not ApplicableOptions are vested based on a combination of business and individual performance over a sustained period, after approval of NRC of the Company.Diluted earnings per share pursuant to issue of equity shares on exercise of options will be determined post the exercise period is closed.With respect to the "Total number of shares covered by these options" please refer the below notes: <br /> <br /> (a) Options Granted (1,84,14,252): This represents the total no. of options granted by VEDL under the 2023 Grant Plan. <br /> (b) Total vesting (55,16,340): This represents the total no. of options vested under ESOS 2016 for the employees of VISL, VEDL and other three Resulting companies. Accordingly, the eligible employees will be entitled to receive equity shares of VISL, VEDL as well as the other three Resulting Companies. <br /> (c) Vedanta Iron And Steel Limited (6,33,976): This represents the options vested for VISL Employees. Upon exercise of outstanding options under VEDL’s pre demerger schemes, eligible employees of VISL will get equity shares of VISL as well as the corresponding entitlement to shares of VEDL and other three Resulting Companies. <br />