Vedanta Limited — Important, 18-02-2025: Updates

The meetings of Equity Shareholders, Secured Creditors, and Unsecured Creditors of Vedanta Limited were convened following the National Company Law Tribunal's directives.

During the Equity Shareholders' meeting, held via video conferencing, the Chairperson presented the Scheme of Arrangement which involves Vedanta Limited and its subsidiaries. The necessary quorum was established, and remote e-voting was facilitated from February 13 to February 17, allowing shareholders to vote virtually.

The Secured Creditors' meeting also saw the Scheme being discussed under the same conditions, maintaining transparency with remote e-voting options available for creditors, which closed shortly after the meeting's conclusion.

The Unsecured Creditors' meeting proceeded similarly, with the Chairperson updating the attendees on the voting process and providing opportunities for participation.

All voting results will be published on the company's website and shared with the Bombay Stock Exchange and NSE. This strategic maneuver highlights Vedanta's efforts to streamline operations and engage stakeholders in crucial decisions, marking a positive outlook for future performance.