<?xml version="1.0" encoding="UTF-8"?>
<!--REG30 V1.0 (16-10-2025)-->
<xbrli:xbrl xmlns:in-capmkt="http://www.sebi.gov.in/xbrl/2025-08-31/in-capmkt" xmlns:in-capmkt-ent="http://www.sebi.gov.in/xbrl/Regulation_30_Restructuring/2025-08-31/in-capmkt/in-capmkt-ent" xmlns:in-capmkt-roles="http://www.sebi.gov.in/xbrl/Regulation_30_Restructuring/2025-08-31/in-capmkt-roles" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:net="http://www.xbrl.org/2009/role/net" xmlns:num="http://www.xbrl.org/dtr/type/numeric" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:negated="http://www.xbrl.org/2009/role/negated" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xl="http://www.xbrl.org/2003/XLink"><link:schemaRef xlink:type="simple" xlink:href="in-capmkt-ent-2025-08-31.xsd"/><xbrli:context id="OneI"><xbrli:entity><xbrli:identifier scheme="http://www.sebi.gov.in/in-capmkt/NSESymbol">VEDL</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-07-30</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="OneD"><xbrli:entity><xbrli:identifier scheme="http://www.sebi.gov.in/in-capmkt/NSESymbol">VEDL</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-07-30</xbrli:startDate><xbrli:endDate>2026-07-30</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="D_DemergedEntity1"><xbrli:entity><xbrli:identifier scheme="http://www.sebi.gov.in/in-capmkt/NSESymbol">VEDL</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-07-30</xbrli:startDate><xbrli:endDate>2026-07-30</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:typedMember dimension="in-capmkt:DemergedEntityAxis"><in-capmkt:DemergedEntityDomain>DemergedEntityDomain1</in-capmkt:DemergedEntityDomain></xbrldi:typedMember></xbrli:scenario></xbrli:context><xbrli:context id="I_DemergedEntity1"><xbrli:entity><xbrli:identifier scheme="http://www.sebi.gov.in/in-capmkt/NSESymbol">VEDL</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-07-30</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:typedMember dimension="in-capmkt:DemergedEntityAxis"><in-capmkt:DemergedEntityDomain>DemergedEntityDomain1</in-capmkt:DemergedEntityDomain></xbrldi:typedMember></xbrli:scenario></xbrli:context><xbrli:context id="D_DemergedEntity2"><xbrli:entity><xbrli:identifier scheme="http://www.sebi.gov.in/in-capmkt/NSESymbol">VEDL</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-07-30</xbrli:startDate><xbrli:endDate>2026-07-30</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:typedMember dimension="in-capmkt:DemergedEntityAxis"><in-capmkt:DemergedEntityDomain>DemergedEntityDomain2</in-capmkt:DemergedEntityDomain></xbrldi:typedMember></xbrli:scenario></xbrli:context><xbrli:context id="I_DemergedEntity2"><xbrli:entity><xbrli:identifier scheme="http://www.sebi.gov.in/in-capmkt/NSESymbol">VEDL</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-07-30</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:typedMember dimension="in-capmkt:DemergedEntityAxis"><in-capmkt:DemergedEntityDomain>DemergedEntityDomain2</in-capmkt:DemergedEntityDomain></xbrldi:typedMember></xbrli:scenario></xbrli:context><xbrli:unit id="INR"><xbrli:measure>iso4217:INR</xbrli:measure></xbrli:unit><xbrli:unit id="pure"><xbrli:measure>xbrli:pure</xbrli:measure></xbrli:unit><xbrli:unit id="shares"><xbrli:measure>xbrli:shares</xbrli:measure></xbrli:unit><in-capmkt:ScripCode contextRef="OneI">500295</in-capmkt:ScripCode><in-capmkt:NameOfTheCompany contextRef="OneI">VEDANTA LIMITED</in-capmkt:NameOfTheCompany><in-capmkt:NSESymbol contextRef="OneI">VEDL</in-capmkt:NSESymbol><in-capmkt:MSEISymbol contextRef="OneI">NOTLISTED</in-capmkt:MSEISymbol><in-capmkt:ISIN contextRef="OneI">INE205A01025</in-capmkt:ISIN><in-capmkt:TypeOfAnnouncementPertainingToRegulation30Restructuring contextRef="OneD">New</in-capmkt:TypeOfAnnouncementPertainingToRegulation30Restructuring><in-capmkt:TypeOfEventOfAnnouncementPertainingToRegulation30Restructuring contextRef="OneD">De-merger</in-capmkt:TypeOfEventOfAnnouncementPertainingToRegulation30Restructuring><in-capmkt:WhetherEventOrInformationDisclosedIsAnOutcomeOfBoardMeeting contextRef="OneD">true</in-capmkt:WhetherEventOrInformationDisclosedIsAnOutcomeOfBoardMeeting><in-capmkt:DateOfBoardMeeting contextRef="OneI">2026-07-30</in-capmkt:DateOfBoardMeeting><in-capmkt:EndTimeOfBoardMeeting contextRef="OneD">03:00:00</in-capmkt:EndTimeOfBoardMeeting><in-capmkt:DateOfReport contextRef="OneI">2026-07-30</in-capmkt:DateOfReport><in-capmkt:RemarksForWebsiteDissemination contextRef="OneI">1. In the Demerger tab, Under Row 13, Column J, the percentage to the total turnover of the listed entity has been mentioned as '0' solely for XBRL validation purposes. However, the actual percentage is 0.001%. &lt;BR&gt; 
 &lt;BR&gt; 
2. In the Demerger Tab, with reference to Row 13 and Columns O (Pre-shareholding Pattern) and W (Post-shareholding Pattern), the aggregate shareholding disclosed for Vedanta Limited (Demerged Entity) under the 'Other' category comprises 62,32,329 shares held by Employee Trust under Non-Promoter Non-Public Category and 2,98,632 shares kept under abeyance.  &lt;BR&gt; 
Further, the bifurcation reflected in Row 14, Column W (Post-shareholding Pattern) for Vedanta Property Platforms Limited (Resulting Entity) is as follows: &lt;BR&gt; 
A) Shares held by Employee Trust under Non-Promoter Non-Public Category – 3,11,616.450  &lt;BR&gt; 
B) Shares kept under abeyance – 14,931.600  &lt;BR&gt; 
Please note that the shares under abeyance category does not form part of the Listed Share Capital of the Company. &lt;BR&gt; 
 &lt;BR&gt; 
3.In the Demerger tab, under Row 14, Columns S,U,W and Y (Details of Post Shareholding Pattern - Resulting Entity), the number of shares for the Resulting Entity have been rounded off to the nearest whole number for XBRL validation purposes. For the actual figures (in decimal, i.e., including the fractional entitlements), kindly refer to the PDF filed with Stock Exchanges vide letter no. VEDL/Sec./SE/26-27/80, dated July 30, 2026, containing the post-shareholding pattern of the Resulting Entity.  &lt;BR&gt; 
 &lt;BR&gt; 
4. Due to XBRL system limitations, the post-shareholding pattern details under demerger tab cannot be presented in tabular format. Please refer to the PDF filed with Stock Exchanges vide letter no. VEDL/Sec./SE/26-27/80 dated July 30, 2026, containing the post-shareholding pattern of the Resulting Entity. &lt;BR&gt; 
 &lt;BR&gt; 
</in-capmkt:RemarksForWebsiteDissemination><in-capmkt:BriefDetailsOfTheDivisionsToBeDemerged contextRef="OneI">The Demerged Undertaking (as defined in the Scheme) comprises of, inter alia, the assets, liabilities, properties and resources related to or pertaining to the conduct of, or the activities of the Real Estate Business (as defined in the Scheme) of the Demerged Company, on a going concern basis.

“Real Estate Business” means the business of undertaking, whether directly or indirectly, individually or through a joint venture, all activities relating to the development, construction, reconstruction, renovation, redevelopment, improvement, operation, management, leasing, licensing of land, buildings and all categories of immovable properties, including but not limited to residential, commercial, retail, industrial, hospitality, mixed use and infrastructure related developments.</in-capmkt:BriefDetailsOfTheDivisionsToBeDemerged><in-capmkt:NameOfDemergedEntityOrDivision contextRef="I_DemergedEntity1">Vedanta Limited</in-capmkt:NameOfDemergedEntityOrDivision><in-capmkt:TypeOfDemergedEntityOrDivision contextRef="D_DemergedEntity1">Demerged</in-capmkt:TypeOfDemergedEntityOrDivision><in-capmkt:RelationshipOfDemergedEntityOrDivisionWithListedEntities contextRef="D_DemergedEntity1">Listed Entity (self)</in-capmkt:RelationshipOfDemergedEntityOrDivisionWithListedEntities><in-capmkt:TurnoverOfTheDemergedDivision contextRef="D_DemergedEntity1" unitRef="INR" decimals="-5">12600000</in-capmkt:TurnoverOfTheDemergedDivision><in-capmkt:PercentageToTheTotalTurnoverOfTheListedEntityInTheImmediatelyPrecedingFinancialYear contextRef="I_DemergedEntity1" unitRef="pure" decimals="INF">0</in-capmkt:PercentageToTheTotalTurnoverOfTheListedEntityInTheImmediatelyPrecedingFinancialYear><in-capmkt:NumberOfSharesUnderPromoterAndPromoterGroupCategoryPreEvent contextRef="I_DemergedEntity1" unitRef="shares" decimals="INF">2139794759</in-capmkt:NumberOfSharesUnderPromoterAndPromoterGroupCategoryPreEvent><in-capmkt:PercentageOfSharesUnderPromoterAndPromoterGroupCategoryPreEvent contextRef="I_DemergedEntity1" unitRef="pure" decimals="INF">0.5472</in-capmkt:PercentageOfSharesUnderPromoterAndPromoterGroupCategoryPreEvent><in-capmkt:NumberOfSharesUnderPublicCategoryPreEvent contextRef="I_DemergedEntity1" unitRef="shares" decimals="INF">1764360969</in-capmkt:NumberOfSharesUnderPublicCategoryPreEvent><in-capmkt:PercentageOfSharesUnderPublicCategoryPreEvent contextRef="I_DemergedEntity1" unitRef="pure" decimals="INF">0.4512</in-capmkt:PercentageOfSharesUnderPublicCategoryPreEvent><in-capmkt:NumberOfSharesUnderOtherCategoryPreEvent contextRef="I_DemergedEntity1" unitRef="shares" decimals="INF">6530961</in-capmkt:NumberOfSharesUnderOtherCategoryPreEvent><in-capmkt:PercentageOfSharesUnderOtherCategoryPreEvent contextRef="I_DemergedEntity1" unitRef="pure" decimals="INF">0.0016</in-capmkt:PercentageOfSharesUnderOtherCategoryPreEvent><in-capmkt:TotalNumberOfSharesPreEvent contextRef="I_DemergedEntity1" unitRef="shares" decimals="INF">3910686689</in-capmkt:TotalNumberOfSharesPreEvent><in-capmkt:TotalPercentageOfSharesPreEvent contextRef="I_DemergedEntity1" unitRef="pure" decimals="INF">1</in-capmkt:TotalPercentageOfSharesPreEvent><in-capmkt:NumberOfSharesUnderPromoterAndPromoterGroupCategoryPostEvent contextRef="I_DemergedEntity1" unitRef="shares" decimals="INF">2139794759</in-capmkt:NumberOfSharesUnderPromoterAndPromoterGroupCategoryPostEvent><in-capmkt:PercentageOfSharesUnderPromoterAndPromoterGroupCategoryPostEvent contextRef="I_DemergedEntity1" unitRef="pure" decimals="INF">0.5472</in-capmkt:PercentageOfSharesUnderPromoterAndPromoterGroupCategoryPostEvent><in-capmkt:NumberOfSharesUnderPublicCategoryPostEvent contextRef="I_DemergedEntity1" unitRef="shares" decimals="INF">1764360969</in-capmkt:NumberOfSharesUnderPublicCategoryPostEvent><in-capmkt:PercentageOfSharesUnderPublicCategoryPostEvent contextRef="I_DemergedEntity1" unitRef="pure" decimals="INF">0.4512</in-capmkt:PercentageOfSharesUnderPublicCategoryPostEvent><in-capmkt:NumberOfSharesUnderOtherCategoryPostEvent contextRef="I_DemergedEntity1" unitRef="shares" decimals="INF">6530961</in-capmkt:NumberOfSharesUnderOtherCategoryPostEvent><in-capmkt:PercentageOfSharesUnderOtherCategoryPostEvent contextRef="I_DemergedEntity1" unitRef="pure" decimals="INF">0.0016</in-capmkt:PercentageOfSharesUnderOtherCategoryPostEvent><in-capmkt:TotalNumberOfSharesPostEvent contextRef="I_DemergedEntity1" unitRef="shares" decimals="INF">3910686689</in-capmkt:TotalNumberOfSharesPostEvent><in-capmkt:TotalPercentageOfSharesPostEvent contextRef="I_DemergedEntity1" unitRef="pure" decimals="INF">1</in-capmkt:TotalPercentageOfSharesPostEvent><in-capmkt:NameOfDemergedEntityOrDivision contextRef="I_DemergedEntity2">Vedanta Property Platforms Limited</in-capmkt:NameOfDemergedEntityOrDivision><in-capmkt:TypeOfDemergedEntityOrDivision contextRef="D_DemergedEntity2">Resulting</in-capmkt:TypeOfDemergedEntityOrDivision><in-capmkt:RelationshipOfDemergedEntityOrDivisionWithListedEntities contextRef="D_DemergedEntity2">Subsidiary</in-capmkt:RelationshipOfDemergedEntityOrDivisionWithListedEntities><in-capmkt:TurnoverOfTheDemergedDivision contextRef="D_DemergedEntity2" unitRef="INR" decimals="-7">0</in-capmkt:TurnoverOfTheDemergedDivision><in-capmkt:PercentageToTheTotalTurnoverOfTheListedEntityInTheImmediatelyPrecedingFinancialYear contextRef="I_DemergedEntity2" unitRef="pure" decimals="INF">0</in-capmkt:PercentageToTheTotalTurnoverOfTheListedEntityInTheImmediatelyPrecedingFinancialYear><in-capmkt:NumberOfSharesUnderPromoterAndPromoterGroupCategoryPreEvent contextRef="I_DemergedEntity2" unitRef="shares" decimals="INF">100000</in-capmkt:NumberOfSharesUnderPromoterAndPromoterGroupCategoryPreEvent><in-capmkt:PercentageOfSharesUnderPromoterAndPromoterGroupCategoryPreEvent contextRef="I_DemergedEntity2" unitRef="pure" decimals="INF">1</in-capmkt:PercentageOfSharesUnderPromoterAndPromoterGroupCategoryPreEvent><in-capmkt:NumberOfSharesUnderPublicCategoryPreEvent contextRef="I_DemergedEntity2" unitRef="shares" decimals="INF">0</in-capmkt:NumberOfSharesUnderPublicCategoryPreEvent><in-capmkt:PercentageOfSharesUnderPublicCategoryPreEvent contextRef="I_DemergedEntity2" unitRef="pure" decimals="INF">0</in-capmkt:PercentageOfSharesUnderPublicCategoryPreEvent><in-capmkt:NumberOfSharesUnderOtherCategoryPreEvent contextRef="I_DemergedEntity2" unitRef="shares" decimals="INF">0</in-capmkt:NumberOfSharesUnderOtherCategoryPreEvent><in-capmkt:PercentageOfSharesUnderOtherCategoryPreEvent contextRef="I_DemergedEntity2" unitRef="pure" decimals="INF">0</in-capmkt:PercentageOfSharesUnderOtherCategoryPreEvent><in-capmkt:TotalNumberOfSharesPreEvent contextRef="I_DemergedEntity2" unitRef="shares" decimals="INF">100000</in-capmkt:TotalNumberOfSharesPreEvent><in-capmkt:TotalPercentageOfSharesPreEvent contextRef="I_DemergedEntity2" unitRef="pure" decimals="INF">1</in-capmkt:TotalPercentageOfSharesPreEvent><in-capmkt:NumberOfSharesUnderPromoterAndPromoterGroupCategoryPostEvent contextRef="I_DemergedEntity2" unitRef="shares" decimals="INF">106989738</in-capmkt:NumberOfSharesUnderPromoterAndPromoterGroupCategoryPostEvent><in-capmkt:PercentageOfSharesUnderPromoterAndPromoterGroupCategoryPostEvent contextRef="I_DemergedEntity2" unitRef="pure" decimals="INF">0.5472</in-capmkt:PercentageOfSharesUnderPromoterAndPromoterGroupCategoryPostEvent><in-capmkt:NumberOfSharesUnderPublicCategoryPostEvent contextRef="I_DemergedEntity2" unitRef="shares" decimals="INF">88218049</in-capmkt:NumberOfSharesUnderPublicCategoryPostEvent><in-capmkt:PercentageOfSharesUnderPublicCategoryPostEvent contextRef="I_DemergedEntity2" unitRef="pure" decimals="INF">0.4512</in-capmkt:PercentageOfSharesUnderPublicCategoryPostEvent><in-capmkt:NumberOfSharesUnderOtherCategoryPostEvent contextRef="I_DemergedEntity2" unitRef="shares" decimals="INF">326548</in-capmkt:NumberOfSharesUnderOtherCategoryPostEvent><in-capmkt:PercentageOfSharesUnderOtherCategoryPostEvent contextRef="I_DemergedEntity2" unitRef="pure" decimals="INF">0.0016</in-capmkt:PercentageOfSharesUnderOtherCategoryPostEvent><in-capmkt:TotalNumberOfSharesPostEvent contextRef="I_DemergedEntity2" unitRef="shares" decimals="INF">195534335</in-capmkt:TotalNumberOfSharesPostEvent><in-capmkt:TotalPercentageOfSharesPostEvent contextRef="I_DemergedEntity2" unitRef="pure" decimals="INF">1</in-capmkt:TotalPercentageOfSharesPostEvent><in-capmkt:NatureOfConsiderationForDemerger contextRef="OneD">Shares</in-capmkt:NatureOfConsiderationForDemerger><in-capmkt:ShareExchangeRatioForDemerger contextRef="OneD">1:20</in-capmkt:ShareExchangeRatioForDemerger><in-capmkt:DetailsOfConsiderationForDemerger contextRef="OneI">A) No cash consideration is payable under the Scheme.

B) The consideration for the demerger of the Demerged Undertaking shall be discharged by issue of equity shares by the Resulting Company as follows:

1 fully paid-up equity share of Vedanta Property Platforms Limited of face value INR 1/- (Indian Rupee One) each, for every 20 fully paid-up equity shares of Vedanta Limited of face value INR 1/- (Indian Rupee One) each, held as on the Record Date.

C) In case any shareholder’s shareholding in the Demerged Company is such that such shareholder becomes entitled to a fraction of the Resulting Company New Equity Share, the Resulting Company shall not issue any fractional Resulting Company New Equity Share (“Fractional Shares”) to such shareholder but shall consolidate such Fractional Shares and round up the aggregate of such Fractional Shares to the next whole number (“Consolidated Fractional Shares”), and issue and allot the Consolidated Fractional Shares directly to a trustee nominated by the Board of Resulting Company in that behalf, who shall sell such Consolidated Fractional Shares in the market at such price or prices and on such time or times as the trustee may in its sole discretion decide and on such sale, shall pay to the Resulting Company, the net sale proceeds (after deduction of applicable taxes and other expenses incurred), whereupon the Resulting Company shall, subject to withholding tax, if any, distribute such sale proceeds to the concerned shareholders of Demerged Company in proportion to their respective Fractional Shares sold by the trustee.</in-capmkt:DetailsOfConsiderationForDemerger><in-capmkt:RationaleForDemerger contextRef="OneI">(a)	The Demerged Company has interests in multiple businesses including metals, mining, and exploration of natural resources. 

(b)	Over the years, through various acquisitions the Demerged Company has accumulated a substantial real estate portfolio comprising of non-core, and strategically located lands, built-up assets and investments in other real estate owning entities across multiple geographies, including investments in a web / GIS based focused information technology platform for tracking its real estate portfolio. Demerged Company is dealing with these properties based on the available opportunities (like leasing, development, etc). The real estate business is currently embedded within the operating business and the real estate portfolio has been historically subject to limited focused utilisation, resulting in sub-optimal visibility of the real estate business segment and value realization. To enable focused management, improved transparency, and a more productive deployment of such real estate, the Demerged Company has initiated steps to contribute and consolidate its real estate undertaking as part of the Scheme. Besides the Demerged Company, certain other Vedanta group companies hold real estate assets, and the need for separate and focused approach to real estate portfolio management is equally applicable to such Vedanta group companies. The contribution and consolidation of real estate business from across the Vedanta group companies would significantly enhance the ability of the Resulting Company to carry on the Real Estate Business (as defined in the Scheme) in a more effective and efficient manner. In furtherance of its objective to evolve into Vedanta group’s flagship company engaged in the Real Estate Business and holding a diverse portfolio of real estate assets, the Resulting Company may:

(i)	concurrently with the Scheme, explore and, if considered appropriate, implement additional schemes of arrangement with other Vedanta group companies to acquire their real estate undertaking (“Concurrent Scheme”). The shares to be issued by the Resulting Company as consideration in any such Concurrent Scheme shall be determined based on the fair value of the real estate undertaking contributed thereunder relative to the fair value of the Demerged Undertaking transferred to the Resulting Company pursuant to the Scheme, and such issuances shall not result in any changes / adjustments to the Share Entitlement Ratio (as defined in the Scheme); and 

(ii)	subject to commercial discussions and receipt of requisite approvals, also evaluate the potential acquisition of ownership rights, leasehold rights, development rights, usage rights, possessory rights, management rights, monetization rights, or any other similar right or entitlement in relation to the Identified Assets (as defined in the Scheme) of Meenakshi Energy Limited and Incab Industries Limited, both Vedanta group companies. Such acquisition shall be undertaken at fair value and in proximity to the demerger of the Demerged Undertaking pursuant to the Scheme, and in accordance with Clause 15(c) of the Scheme. The consideration for such acquisition will be settled by way of issuance of equity shares of the Resulting Company and such issuances shall not result in any changes / adjustments to the Share Entitlement Ratio (“Potential Transactions”).

It is, however, clarified that the references to the Concurrent Scheme and the Potential Transactions contained herein are merely indicative of the intent and strategic objectives of the Resulting Company to hold a diversified portfolio of real estate assets, and would in no manner be construed as constituting any definitive arrangement or agreement between the Resulting Company and any other person, or as conferring any present or future right upon any person to subscribe for, acquire or be allotted any equity shares of the Resulting Company. It is further clarified that the Scheme is not dependent upon the potential acquisition of real estate assets and / or businesses belonging to other Vedanta group companies as mentioned above. 

(c)	To unlock the inherent value of the Real Estate Business, enable focused development, exploit the growth potential of the Real Estate Business and attract a distinct set of investors and strategic partners aligned with real estate and infrastructure development, it is proposed to consolidate the Real Estate Business of the Demerged Company under an independent, dedicated entity. Accordingly, the management of the Demerged Company is considering a carve out of the Real Estate Business of the Demerged Company into a separate focussed entity, thereby creating a pure-play real estate platform and unlocking value.

(d)	The following benefits may accrue on demerger of the Demerged Undertaking (as defined in the Scheme):

(i)	creation of an independent global scale company focusing on Real Estate Business and exploring new opportunities and taking advantage of the growth potential specific to the real estate sector.

(ii)	establishment of a centralized and integrated real estate platform that will function as a unified hub for all real estate development and infrastructure-related activities. This platform will facilitate leasing operations, township development, industrial development, and comprehensive infrastructure support services (including but not limited to education, sports, and animal welfare infrastructure), and enhance coordination, efficiency, and scalability across various intra-group projects. It will also be responsible for the optimal identification, pooling, and deployment of unutilised real estate related resources, ensuring that the real estate requirements of all Vedanta group entities are met in a timely and seamless manner through a structured internal allocation mechanism. In parallel, the Resulting Company may undertake the development and operation of special economic zones, industrial estates, and a wide spectrum of infrastructure facilities including transport systems, utilities, logistics, commercial and residential complexes, sports and social infrastructure, thereby enabling integrated industrial and urban ecosystem development to support both domestic and international trade and long-term group expansion.

(iii)	consolidation of the Real Estate Business will enable it and the remaining businesses to operate independently, develop specialised capabilities aligned to their respective sectors, and benefit from greater management focus. This separation will facilitate a more focused operational strategy and allow each business to efficiently explore new growth opportunities including channelising resources and attracting right talent and providing enhanced growth opportunities to the existing talent in line with a strategic focus on business segments under separate entities.

(iv)	the carve out and consolidation will enable the Resulting Company to establish a dedicated management and governance structure, leading to improved operational efficiency, capital structure, funding strategy, stronger accountability, and more effective decision-making aligned with the objectives of Real Estate Business, along with enhanced transparency through separate financial and operational disclosures, enabling clearer valuation and informed stakeholder decision‑making.

(v)	the Resulting Company can attract different sets of investors, strategic partners, lenders, and other stakeholders enabling independent collaboration and expansion in the Resulting Company, best suited to their investment strategies and risk profiles specific to the Real Estate Business.

(vi)	enabling focused and sharper capital market access and thereby unlocking the value of the Demerged Undertaking and creating enhanced value for shareholders.

The Scheme is in the interest of all stakeholders of the Demerged Company and the Resulting Company.</in-capmkt:RationaleForDemerger><in-capmkt:BriefDetailsOfChangeInShareholdingPatternOfAllEntitiesForDemerger contextRef="OneI">A) There will be no change in the shareholding pattern of the Demerged Company.
B) Change in shareholding pattern of Resulting Company pursuant to demerger scheme shall be based on the aforesaid Share Exchange Ratio i.e., 1:20. Accordingly the total Issued and Paid up Capital of the Resulting Company shall be 19,55,34,334.45.
C) In case any shareholder’s shareholding in the Demerged Company is such that such shareholder becomes entitled to a fraction of the Resulting Company New Equity Share (as defined in the Scheme), the Resulting Company shall not issue any fractional Resulting Company New Equity Share (“Fractional Shares”) to such shareholder but shall consolidate such Fractional Shares and round up the aggregate of such Fractional Shares to the next whole number (“Consolidated Fractional Shares”), and issue and allot the Consolidated Fractional Shares directly to a trustee nominated by the Board of Resulting Company in that behalf, who shall sell such Consolidated Fractional Shares in the market at such price or prices and on such time or times as the trustee may in its sole discretion decide and on such sale, shall pay to the Resulting Company, the net sale proceeds (after deduction of applicable taxes and other expenses incurred), whereupon the Resulting Company shall, subject to withholding tax, if any, distribute such sale proceeds to the concerned shareholders of Demerged Company in proportion to their respective Fractional Shares sold by the trustee.

* Pursuant to the Potential Transactions and the Concurrent Schemes, the pre-scheme shareholding pattern of the Resulting Company may vary.

^ In the event of any change in the pre scheme shareholding pattern pursuant to the Potential Transactions and the Concurrent Schemes, the post scheme shareholding pattern will correspondingly change to that extent.</in-capmkt:BriefDetailsOfChangeInShareholdingPatternOfAllEntitiesForDemerger><in-capmkt:WhetherListingWouldBeSoughtForTheResultingEntity contextRef="OneD">true</in-capmkt:WhetherListingWouldBeSoughtForTheResultingEntity></xbrli:xbrl>
