Vedanta Limited Approves Key Management Appointments and Introduces Employee Share Benefit Plans

Vedanta Limited Approves Key Management Appointments and Introduces Employee Share Benefit Plans​

Vedanta Limited has approved significant appointments concerning its Board of Directors and Senior Management Personnel (SMPs), while also finalizing the structure 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).

The Board of Directors, during its meeting held on July 30, 2026, considered several key personnel matters and the rollout of the employee incentive schemes.

Director and Executive Leadership Reappointments​

The company approved the re-appointment of Mr. Prasun Kumar Mukherjee as a Non-Executive Independent Director for a second and final term lasting one year, effective from August 11, 2026, to August 10, 2027. Mr. Mukherjee, who is aged 70 years, brings over four decades of experience in finance, accounts, costing, taxation, legal, and general management. His background includes serving as the Executive Director of Sesa Goa Limited and the Vedanta Group's Iron Ore Business from 2006 to 2014. He holds a Bachelor's degree in Commerce from Calcutta University and is an Associate Member of the Institute of Cost Accountants of India and a Fellow Member of the Institute of Chartered Accountants of India.

Additionally, the Board approved the re-appointment of Mr. Arun Misra as an Executive Director, with additional designation as Chief Executive Officer and Key Managerial Personnel for one year, effective from August 01, 2026, until July 31, 2027. A seasoned executive, Mr. Misra previously served as CEO of Hindustan Zinc Limited (HZL) after being appointed Deputy CEO in November 2019. He possesses a bachelor's degree in electrical engineering from IIT, Kharagpur, and holds diplomas in Mining and Beneficiation and General Management.

Senior Management Personnel Changes​

The Board also ratified several key appointments and designations within the company’s senior management team:

• Mr. Amarendu Prakash: Designated as a Senior Management Personnel (SMP) of Vedanta Limited from August 01, 2026, to July 31, 2029. Mr. Prakash previously served as CEO Designate at HZL and is expected to lead strategic growth initiatives aimed at achieving 2.0 MTPA of zinc and 1.5 KT of silver production for the company.
• Mr. Puneet Khurana: Designated as Senior Management Personnel (SMP) of Vedanta Limited with immediate effect, having been associated with Vedanta since 2006. Mr. Khurana oversees Copper and Nickel Operations and is instrumental in driving strategic growth and debottlenecking projects across the Group's operations in India and the Middle East.
• Mr. Vijay Kumar: Designated as Senior Management Personnel (SMP) of Vedanta Limited with immediate effect, holding the position of CEO of Vedanta Zinc International (VZI). He is focused on lifting VZI’s integrated production from 210 ktpa to 550 ktpa in the medium term, advancing toward a 1 Mtpa vision.
• Mr. Manoj Kumar Keshari: Designated as Senior Management Personnel (SMP) of Vedanta Limited with immediate effect as CEO of FACOR. Mr. Keshari was appointed CEO of FACOR in June 2026 and oversees the strategic direction, growth, and performance of Ferro Chrome operations.

Employee Stock Option and Share Purchase Plans​

The Board of Directors approved the formulation and adoption of two major 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 are intended to grant options and offer shares to eligible employees of the Company and its Subsidiaries.

The schemes, which will be implemented through the existing VEDL Trust, set out specific terms for participants:


Both plans are designed to enable eligible employees to acquire equity shares and participate in the Company's long-term value creation, subject to specific vesting periods and performance parameters set by the Nomination & Remuneration Committee (NRC).

VEDL Stock Price Movement​

Shares of Vedanta Limited are edging higher to ₹268.65 as of 3:30 PM today, rallying by 1.57% in the live market session. The stock trades on strong volume, with over 7.6 million shares exchanged during the trading period.