Vedanta Limited has released its Annual Secretarial Compliance Report for the financial year ended March 31, 2026. The report, prepared by independent firm Sanjay Grover & Associates, confirms the company’s overall adherence to mandatory governance standards and regulatory requirements. While the company maintained high compliance levels, the report notes specific regulatory penalties previously levied against its subsidiary, Hindustan Zinc Limited, regarding board composition.
Commitment to Corporate Governance
As part of its annual transparency obligations, Vedanta Limited has published its secretarial compliance assessment for the fiscal year ending March 31, 2026. This comprehensive review verifies that the company has effectively maintained its internal records, timely updated corporate policies, and ensured that its board of directors and committee structures align with established governance protocols.
Key Findings and Compliance Status
The audit, conducted by Sanjay Grover & Associates, reviewed the company’s operations across various regulatory domains. The assessment confirmed that Vedanta Limited is in full compliance with requirements concerning:
- Secretarial Standards issued by the Institute of Company Secretaries of India.
- Website maintenance and transparent disclosure of corporate information.
- Performance evaluation of the board, independent directors, and committees.
- Related party transaction approvals and insider trading norms.
Subsidiary Update
The report highlighted a specific matter regarding the company’s subsidiary, Hindustan Zinc Limited (HZL). During the review period, HZL faced penalties totaling ₹36.50 lakh from stock exchanges due to non-compliance with board composition regulations. The report notes that HZL has actively engaged with the relevant Ministry to appoint the required number of independent directors to rectify this matter, with the application currently pending approval.
Transparency and Disclosure
Vedanta Limited continues to demonstrate high standards of disclosure, with the report affirming that no additional non-compliances were observed for the parent entity. The company remains committed to maintaining its operational transparency and timely reporting to its stakeholders and the public.
Source: BSE
