Vedanta Ltd Announces Postal Ballot for Appointment of Non-Executive Independent Director
Vedanta Ltd has initiated a Postal Ballot to seek Member approval for the appointment of Mr. S.V. Murali Dhar Rao as a Non-Executive Independent Director. The proposal is set to be considered via a remote e-voting process.The resolution proposed for special consideration is to appoint Mr. S.V. Murali Dhar Rao (DIN: 11003912) as a Non-Executive Independent Director of the Company for a first term of one year. This term is stipulated to commence from April 01, 2026, and conclude on March 31, 2027.
The Company’s Board of Directors appointed Mr. Upendra C. Shukla, Practicing Company Secretary, as the Scrutinizer for conducting the Postal Ballot through the e-voting process.
E-Voting Timeline and Process
The e-voting facility is scheduled to be available during a specific window:- Commencement of e-voting: 9:00 a.m. (IST) on Wednesday, April 08, 2026
- End of remote e-voting: 5:00 p.m. (IST) on Thursday, May 07, 2026
Director Profile and Expertise
The explanatory statement detailed Mr. S.V. Murali Dhar Rao’s extensive background, noting that he possesses over three decades of experience in regulating and developing the securities market. He served with the Securities & Exchange Board of India (SEBI) from June 1992 until his superannuation in January 2025, covering departments such as the Corporation Finance Department (CFD) and Market Regulation Department (MRD).Currently, Mr. Rao serves as an Independent Director on the board of Invesco Trustee Private Limited and is an Independent member on the board of the Kerala Infrastructure Investment Fund Board of the Kerala Government. He is also a senior consultant with Khaitan & Co.
His areas of expertise include promoting growth in the Mutual Fund industry, facilitating measures for ease of doing business for listed entities, and enhancing disclosures, including ESG disclosures and assurance. The Board noted that Mr. Rao’s background aligns with the capabilities required for an Independent Director.
Key Appointment Details
The details regarding Mr. S.V. Murali Dhar Rao's appointment are summarized below:| Detail | Information |
|---|---|
| Category of Director | Non-Executive Independent Director |
| Director Identification Number (DIN) | 11003912 |
| Date of first appointment | April 01, 2026 |
| Shareholding in the Company (as on date of Notice) | Nil |
| Directorships of other Boards | Public Companies: NIL, Private Limited Companies: 1. Invesco Trustee Private Limited, Others: 1. Kerala Infrastructure Investment Fund Board of Kerala Government (Independent Member) |
Mr. S.V. Murali Dhar Rao has received and provided statutory declarations, including consent in writing to act as Director, and declarations confirming that he meets the criteria for independence as required.
Accessing E-Voting
The e-voting process for members holding shares in demat mode with NSDL and CDSL involves specific login methods through the respective depository platforms or the KFin e-voting portal. For members with physical shares, or non-individual members, procedures are outlined for registration and accessing the system. The e-voting window is crucial, as voting must be completed by 5:00 p.m. (IST) on Thursday, May 07, 2026.VEDL Stock Price Movement
At the close of trade, shares of Vedanta Limited are edging higher by 0.27% to trade at ₹689.5. The stock maintained a solid trading day, fluctuating between ₹686.8 and ₹708.4, while seeing massive interest with over 13 million shares traded.Source:
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