5447822026-11-045447822026-11-04in-capmkt:VestingOfOptionsMemberVOGLVEDANTA OIL AND GAS LIMITED544782NOTLISTEDINE704J01044Options to purchase securities ESOPS (Sub-para 10-Para B)Newfalse2026-11-0418:00:00Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”), we hereby inform that the Employee Stock Option Grants – 2023 granted under the pre-demerger Vedanta Limited Employee Stock Option Scheme – 2016 (“ESOS 2016”) to eligible employees have vested w.e.f. November 04, 2026. <br /> <br /> Pursuant 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 Oil and Gas undertaking of Vedanta Limited (“VEDL”) was transferred to Vedanta Oil and Gas Limited (“VOGL”). <br /> <br /> In view of the above, VOGL adopted the “VOGL 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 VEDL and the Resulting Companies (VOGL, Vedanta Power Limited (erstwhile Talwandi Sabo Power Limited), Vedanta Aluminum Metal Limited and Vedanta Iron and Steel Limited). Accordingly, such eligible employees will be entitled to receive equity shares of VEDL as well as the respective Resulting Companies. <br /> 2026-11-04Vesting of optionsThe present instance is vesting of options on completion of the performance period and subject to achievement of performance conditions.trueOptions Granted : 1,84,14,252 (Note 1) Total Options Vested: 55,16,340 (Note 2 & 3) (a) For VOGL: 5,45,302 (b) For VEDL and other three Resulting companies : 49,71,038At Par ValueRefer point 3 above8 months or such other time period as may be approved by Nomination and Remuneration Committee of the Company from the date of vesting.The 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 options will be determined post the exercise period is closed.The options lapsed will be determined post the exercise period is closed.NAOptions are vested based on a combination of business and individual performance over a sustained period, as per the plan approved by the Nomination and Remuneration Committee.NANote: <br /> 1. This represents the total no. of options granted by VEDL under the 2023 Grant Plan. <br /> 2. This represents the total no. of options vested under ESOS 2016 for the employees of VOGL, VEDL and three other Resulting Companies. Accordingly, the eligible employees will be entitled to receive equity shares of VOGL, VEDL and three other Resulting Companies. <br /> 3. This represents the options vested for VOGL Employees. Upon exercise of outstanding options under VEDL’s pre-demerger schemes, eligible employees of VOGL will get equity shares of VOGL as well as the corresponding entitlement to shares of VEDL and three other Resulting Companies. <br />