Vedanta has announced the appointment of Mr. S.V. Murali Dhar Rao as a Non-Executive Independent Director on its Board for a one-year term starting 1 April 2026. This decision was made following the recommendation of the Nomination & Remuneration Committee and is subject to shareholder approval.
Mr. Rao, who has over three decades of experience in the securities market, previously served at the Securities & Exchange Board of India (SEBI) from June 1992 until his retirement in January 2025. During his tenure, he held various positions, including Executive Director, and contributed significantly to the development of the mutual fund industry and regulatory frameworks.
In addition to his new role at Vedanta, Mr. Rao is an Independent Director at Invesco Trustee Private Limited and the Kerala Infrastructure Investment Fund Board. He also serves as a senior consultant with Khaitan & Co and has been involved with the National Financial Reporting Authority (NFRA) and the Indian Institute of Corporate Affairs (IICA).
The Board also announced the conclusion of Mr. Dindayal Jalan‘s term as a Non-Executive Independent Director, expressing appreciation for his contributions.
Furthermore, Vedanta has extended the timeline for fulfilling conditions under its Composite Scheme of Arrangement with Vedanta Aluminium Metal Limited, Talwandi Sabo Power Limited, Malco Energy Limited, and Vedanta Iron and Steel Limited. The deadline has been moved from 31 March 2026 to 30 June 2026 to accommodate pending approvals from governmental authorities.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).