Vedanta Limited’s Board of Directors has approved the formulation and implementation of two new employee benefit plans: the Vedanta Limited Employee Stock Option Plan 2026 (“VEDL ESOP 2026”) and the Vedanta Limited Employee Share Purchase Plan 2026 (“VEDL ESPP 2026”). These plans aim to grant options to eligible employees for up to 5% of the company’s total paid-up share capital, subject to shareholder approval. The implementation will be managed through the existing Vedanta Limited ESOS Trust.
Vedanta Launches New Employee Incentive Programs
The Board of Directors of Vedanta Limited, in its meeting held on July 30, 2026, has given its approval for the creation and adoption of two significant employee benefit schemes: the Vedanta Limited Employee Stock Option Plan 2026 (VEDL ESOP 2026) and the Vedanta Limited Employee Share Purchase Plan 2026 (VEDL ESPP 2026). These plans are designed to provide incentives to the company’s eligible employees and its subsidiaries.
ESOP and ESPP Details
The VEDL ESOP 2026 plan will supersede the existing Vedanta Employee Stock Option Scheme 2016. Under this new ESOP, options can be granted for a pool of up to 16,62,04,184 shares, representing approximately 4.25% of the company’s total paid-up share capital. The exercise price is proposed at the face value of the share or another approved price. The VEDL ESPP 2026 plan allows for the offering of up to 2,93,30,150 shares, approximately 0.75% of the total paid-up share capital. The purchase price under the ESPP will be nil or as determined by the Nomination & Remuneration Committee (NRC).
Implementation and Governance
Both schemes are slated to be implemented through the existing Vedanta Limited ESOS Trust (“VEDL Trust”). The trust will acquire the equity shares via secondary acquisition from the open market, adhering to SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, and other relevant listing regulations. The total number of shares held by the Trust under all outstanding schemes will not exceed 5% of the company’s paid-up equity share capital at any point. The plans are subject to the approval of the company’s shareholders. The Board meeting where these plans were considered commenced at 02:30 p.m. IST and concluded at 03:00 p.m. IST on July 30, 2026.
Director and Senior Management Appointments
The Board also approved the re-appointment of Mr. Prasun Kumar Mukherjee as Non-Executive Independent Director for a one-year term effective August 11, 2026. Additionally, Mr. Arun Misra was re-appointed as Executive Director and designated as Chief Executive Officer for a one-year term effective August 01, 2026. Changes were also made to Senior Management Personnel, including the designation and appointment of Mr. Amarendu Prakash (CEO-HZL), Mr. Puneet Khurana (CEO – Copper Business), Mr. Vijay Kumar (CEO Zinc International), and Mr. Manoj Kumar Keshari (CEO – FACOR) as Senior Management Personnel of Vedanta Limited.
Source: BSE
