Vedanta Limited has issued a clarification regarding a news item published on www.economictimes.com titled “Vedanta moves HC over 2011 arbitral award declaring Balco shares transfer as void.” The company stated that the news report is incorrect and that there is no arbitral award declaring any BALCO share transfer as void. Vedanta clarified that the matter pertains to a long-standing dispute with the Government of India concerning the ‘call option’ under the Shareholders’ Agreement. This dispute has already been disclosed in the Notes to Accounts of the company's Financial Statements, which form part of the Annual Report. The company has approached the Hon’ble Delhi High Court in the normal course of legal proceedings. Vedanta emphasized that there is no new material development requiring disclosure at this time. They also confirmed that as of the current date, there is no information or announcement pending disclosure that would impact the price or volume behavior of the company's scrip. Vedanta reiterated its commitment to complying with SEBI Listing Regulations and to keep the stock exchanges duly informed of all material information and events, including price-sensitive information, in accordance with applicable provisions.
