Vedanta receives SEBI warning over scheme of arrangement modification without prior consent

Mining major Vedanta Limited on Thursday (August 14) said it has received an administrative warning letter from the Securities and Exchange Board of India (SEBI) for non-compliance related to the modification of its Scheme of Arrangement.The company said SEBI’s letter, dated August 13, 2025, and received on August 14 at around 1:00 pm IST, pertained to the withdrawal of Part V of the Scheme filed with the stock exchange without obtaining prior written consent from the regulator.

SEBI has advised Vedanta to exercise caution in the future and forward the Board’s comments to the regulator upon satisfaction of corrective actions undertaken to ensure future compliance.

Also Read: Viceroy vs Vedanta: PIL seeks probe into allegations raised against VedantaVedanta stated that the warning letter is cautionary in nature and does not impose any financial or operational restrictions on the company. The development has no material impact on the company’s financials, operations, or the modified Scheme.

First Quarter ResultsOn a consolidated basis, Vedanta’s net profit fell 12% from last year to ₹3,185 crore from ₹3,606 crore last year. Revenue for the quarter increased by 5.8% on a year-on-year basis to ₹37,824 crore. The topline for the same quarter last year stood at ₹35,764 crore.

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter remained unchanged at ₹9,918 crore. EBITDA margin for the quarter narrowed by 160 basis points from last year to 26.2% from 27.8% last year.

The company said that its net-debt to EBITDA stood at 1.3 times. Vedanta’s Lanjigarh refinery recorded its highest-ever Alumina production at 587 kt, which was a growth of 9% from last year. Net debt at the end of the June quarter stood at ₹58,220 crore.

Also Read: Vedanta Group issues clarification on the Viceroy Research report — Here’s what they said

Shares of Vedanta Ltd ended at ₹430.25, down by ₹8.30, or 1.89%, on the BSE.