Vedanta Oil and Gas Limited (VOGL)

Vedanta Oil and Gas Limited announced that CRISIL Ratings Limited has reaffirmed the company's credit rating at 'CRISIL AA+/Stable'. The update was issued via a Credit Bulletin dated November 5, 2026, primarily to update bank-wise facility details in line with RBI requirements. The company explicitly noted that there is no change in the existing credit rating, outlook, or rating watch status. With a reported debt of ₹1,334 crore and a low D/E of 0.07, the reaffirmation supports stable borrowing terms.

• CRISIL reaffirmed company's credit rating at 'CRISIL AA+/Stable'
• Credit Bulletin published on November 5, 2026 at approximately 6:28 p.m. IST
• Filing confirms no change in credit rating, outlook, or rating watch status
• Bulletin was released to update bank-wise facility details per RBI guidelines

Vedanta Oil and Gas Limited (VOGL) announced the vesting of performance-based employee stock option grants under its Special Purpose Demerger Scheme effective November 04, 2026. Out of a total vesting of 55,16,340 options across Vedanta entities, 5,45,302 options vested specifically for VOGL employees. The exercise price is set at par value, and eligible employees have an 8-month exercise window from the vesting date. The exact equity dilution and share issuance will be determined after the exercise window closes.

• 5,45,302 options vested specifically for employees of VOGL effective November 04, 2026
• Total of 55,16,340 options vested across VEDL and resulting demerged companies out of 1,84,14,252 options originally granted in 2023
• Exercise price set at par value
• Exercise window defined as 8 months from the date of vesting

Vedanta Oil and Gas Limited has announced the appointment of Mr. Rupesh Kumar as Company Secretary and Compliance Officer (Key Managerial Personnel), effective November 01, 2026. This follows the resignation of Ms. Shivangi Dhanuka due to personal reasons, effective October 31, 2026. Mr. Kumar brings over 12 years of secretarial and compliance experience across listed firms, previously serving at Dr. Lal PathLabs. The board meeting approving these changes concluded at 4:02 p.m. IST on October 29, 2026.

• Appointment of Mr. Rupesh Kumar as CS and Compliance Officer effective November 01, 2026
• Resignation of outgoing CS Ms. Shivangi Dhanuka effective close of business hours on October 31, 2026
• Incoming CS brings over 12 years of corporate governance and compliance experience
• Board meeting commenced at 3:07 p.m. IST and concluded at 4:02 p.m. IST on October 29, 2026

Vedanta Oil and Gas Limited (VOGL) announced the approval of all 10 resolutions put forward in its Postal Ballot Notice dated September 24, 2026. The approved proposals include the implementation of the Employee Stock Option Plan (ESOP) 2026 and Employee Share Purchase Plan (ESPP) 2026 via a Trust structure, alongside funding provisions for secondary share purchases. In addition, shareholders cleared material related party transactions (RPTs) involving VOGL and its material subsidiary, Cairn Energy Hydrocarbons Limited (CEHL), with over 99% of polled votes in favour.

• All 10 postal ballot resolutions passed with requisite majorities, concluding e-voting on October 26, 2026.
• ESOP 2026 resolution passed with 96.68% overall votes in favour, though 23.76% of institutional votes were cast against.
• Material Related Party Transactions for VOGL and CEHL approved with 99.38% and 99.34% votes in favour, respectively.
• Total voting participation stood at 2,72,76,81,812 votes polled out of 3,91,03,88,057 total shares (69.75% turnout).

Vedanta Oil and Gas Limited (VOGL) issued clarifications regarding its Postal Ballot Notice dated September 24, 2026, in response to voting recommendations by proxy advisory firm IiAS. The company confirmed that vesting under VOGL ESOP 2026 is 100% performance-linked with a minimum vesting period of 3 years and maximum of 5 years. Grant awards are capped at 100% of an employee's annual fixed pay, with business performance metrics weighted towards Volume (60%), Cost (15%), Carbon Footprint Reduction (15%), and NSR (10%). VOGL also justified extending the scheme to holding company employees and using secondary market trust acquisitions to prevent incremental equity dilution.

• Vesting under VOGL ESOP 2026 is 100% performance-linked over a minimum period of 3 years (up to 5 years maximum)
• Individual employee option grants are capped at 100% of annual fixed pay
• Business performance metrics (50% weightage) comprise Volume (60%), Cost (15%), Carbon Footprint (15%), and NSR (10%)
• Vesting at threshold level will be 50% of the grant, capped at 100% upon overachievement
• Secondary share acquisition route via Trust will be used to avoid incremental equity dilution

Vedanta Oil and Gas Limited has issued a Postal Ballot notice seeking shareholder approval for 10 resolutions via remote e-voting. Key proposals include the implementation of the Employee Stock Option Plan (ESOP) 2026 and Employee Share Purchase Plan (ESPP) 2026 via Trust route, including secondary market acquisition of shares. Additionally, shareholders are voting on material Related Party Transactions, including an annual guarantee commission of ₹25 crore payable to promoter entity Vedanta Resources Limited by subsidiary Cairn Energy Hydrocarbons Limited. E-voting opens on September 27, 2026, and closes on October 26, 2026.

• Seeking approval for VOGL ESOP 2026 and ESPP 2026, including funding of trust for secondary market share purchases
• Material RPT approval includes ₹25 crore annual guarantee commission payable to Vedanta Resources Limited by CEHL for the RJ Block
• Remote e-voting period runs from September 27, 2026 (9:00 AM) to October 26, 2026 (5:00 PM)
• Cut-off date for determining shareholder voting rights was September 18, 2026

Vedanta Oil and Gas Limited has updated its Corporate Identification Number (CIN) from U06100MH2001PLC428719 to L06100MH2001PLC428719 following its listing on June 15, 2026. Concurrently, the company's classification on the Ministry of Corporate Affairs (MCA) portal changed from 'Unlisted' to 'Listed'. The master data shows an authorised share capital of Rs 74,12,01,00,000 and paid-up capital of Rs 3,91,06,86,689. This disclosure is purely administrative in nature.

• CIN updated from U06100MH2001PLC428719 to L06100MH2001PLC428719 on the MCA portal
• Company status officially changed from 'Unlisted' to 'Listed' post June 15, 2026 exchange listing
• Authorised capital confirmed at Rs 74,12,01,00,000
• Paid-up share capital stands at Rs 3,91,06,86,689

Vedanta Oil and Gas Limited (VOGL) reported Q1 FY27 revenue of ₹2,507 crore, up 9% YoY, driven by a 52% surge in oil price realization to $99.7/bbl. Despite the revenue growth, gross operated production declined 17% YoY to 77.7 kboepd due to natural reservoir declines. A significant corrigendum was issued to the investor presentation, revising ROCE from 1.99% to 7.04% and liquid investments from ₹1,126 crore to ₹2,859 crore. The company reported a net loss of ₹151 crore from continuing operations after exceptional items, but a total PAT of ₹945 crore including gains from discontinued operations.

• Gross operated production fell 17% YoY to 77.7 kboepd, with Rajasthan block contributing 63.1 kboepd.
• Liquid investments including cash were corrected upwards to ₹2,859 crore from the previously stated ₹1,126 crore.
• EBITDA margin stood at 49% for the quarter, with EBITDA rising 16% QoQ to ₹1,232 crore.
• Average oil price realization increased 52% YoY to $99.7 per barrel, offsetting volume declines.
• Unit operating cost improved to $17.4 per barrel, down 3% on a quarter-on-quarter basis.

Vedanta Oil and Gas Limited (formerly Malco Energy Limited) has released the audio recording of its earnings conference call for the first quarter ended June 30, 2026. This disclosure follows the company's announcement of its unaudited standalone and consolidated financial results. The recording is made available on the company's website in compliance with SEBI Listing Obligations and Disclosure Requirements. This is a standard procedural filing intended to provide transparency regarding management's discussion on quarterly performance.

• Audio recording of the Earnings Conference Call for the quarter ended June 30, 2026, is now public
• Filing complies with SEBI Regulation 30 and 46(2)(oa) regarding disclosures
• The company was formerly known as Malco Energy Limited
• Recording is hosted on the official company website at www.vedantaoilandgas.com

Vedanta Oil and Gas Limited (VOGL) has approved the formulation of two employee benefit schemes: ESOP 2026 and ESPP 2026. The total pool for these schemes is capped at 5% of the company's paid-up share capital, with 4.25% allocated to ESOPs and 0.75% to ESPPs. Notably, the schemes will be implemented through a Trust route using secondary market acquisitions, which avoids equity dilution for existing shareholders. Additionally, the Board has designated Mr. Pulak Modi as the Vice Chairman of the Board.

• Total pool of 19,55,34,334 shares approved, representing 5% of the total paid-up share capital
• ESOP 2026 pool consists of 16,62,04,184 shares (4.25% of capital) with an exercise price of ₹1 per share
• ESPP 2026 pool consists of 2,93,30,150 shares (0.75% of capital) with a purchase price of Nil or as determined by NRC
• Implementation via Trust route through secondary acquisition from the open market, ensuring no fresh dilution
• Vesting period for options ranges from a minimum of 1 year to a maximum of 5 years