Vedanta Reports No Penalty Following Conclusion of FEMA Search Operation by Enforcement Directorate

Vedanta Ltd Sees No Penalty or Restriction Following ED Search Operations

Vedanta Ltd has announced that the Directorate of Enforcement (ED) has concluded search operations at its premises without imposing any penalty, restriction, or sanction. The company made this disclosure in an exchange filing, where it stated that the searches were conducted under the provisions of the Foreign Exchange Management Act (FEMA), 1999.

The search operation commenced on June 1, 2026, at 12:15 pm and concluded on June 3, 2026, at 9:55 pm. Vedanta officials provided full cooperation to the investigating agency and offered all necessary information, documents, and clarifications during the course of the search. The company clarified that no penalty or restriction has been imposed by the Enforcement Directorate in connection with the matter.

Vedanta stated that there is no impact on its financial, operational, or other activities as a result of the search operations. This disclosure comes days after reports indicated that the ED had carried out searches at Vedanta Group locations as part of a probe under foreign exchange laws.

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Market Capitalization and Debt Burden

Vedanta Ltd, the listed Indian arm of the Vedanta Group, commands a market capitalization of around Rs 1.3 lakh crore. Its parent company, UK-based Vedanta Resources, has a significant debt burden, with reports estimating its gross debt at approximately Rs 74,000 crore. Over the years, the Indian subsidiary has paid royalties and other payouts to the overseas parent.

Share Price Movement

Vedanta shares ended marginally lower on Thursday, slipping 0.21 per cent to close at Rs 327.50 on the NSE.

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