Vedanta Iron & Steel Seeks Approval for ESOP 2026 and Related Parties
Vedanta Iron & Steel has issued a postal ballot seeking shareholder approval for VISL ESOP 2026, a pool of up to 16,62,04,184 employee stock options (4.25% of paid-up capital), and various material related party transactions, as it became an independent listed entity after a May 1, 2026 demerger. Separately, ESL Steel received a GST/Excise demand-cum-show cause notice from Ranchi dated Aug 27, 2026, proposing recovery of ₹39,58,32,544; the company expects no significant financial or operational impact.