Vedanta Limited is edging forward with a staged leadership refresh, signaling both continuity at the board level and a broadened executive mandate across its metals enterprise. The Board has approved the re-appointment of Prasun Kumar Mukherjee as a Non-Executive Independent Director for a second and final term from August 11, 2026, to August 10, 2027, subject to shareholders’ approval. In parallel, Arun Misra’s tenure as an Executive Director and Chief Executive Officer, and Key Managerial Personnel of the company, has been extended for a further year from August 1, 2026 to July 31, 2027, again subject to shareholder endorsement. These moves underscore Vedanta’s intent to stabilize governance leadership while steering strategic execution across its units.
On the senior management front, Vedanta announced a cross-cutting alignment of leaders to bolster its growth agenda. Amarendu Prakash has been designated as a Senior Management Personnel of Vedanta Limited effective August 1, 2026, with a tenure through July 31, 2029. Prakash, who joined Hindustan Zinc Limited as CEO Designate earlier in 2026 and was elevated to CEO of HZL on August 1, 2026, brings three-plus decades in the steel and metals sector and is slated to drive HZL’s strategic growth—including ambitious zinc and silver production targets—as part of Vedanta’s broader transformation play. In addition, Puneet Khurana (CEO – Copper), Vijay Kumar (CEO – Zinc International) and Manoj Kumar Keshari (CEO – FACOR) have been designated as Senior Management Personnel with immediate effect, expanding Vedanta’s operational leadership across copper, zinc and allied operations.
Beyond leadership appointments, the Board approved the formulation and implementation of Vedanta Limited Employee Stock Option Plan 2026 (VEDL ESOP 2026) and Vedanta Limited Employee Share Purchase Plan 2026 (VEDL ESPP 2026). Together, these plans contemplate grants and purchases enabling eligible employees and certain group entities to participate in long‑term value creation, with pools up to 4.25% of paid‑up capital for ESOP and 0.75% for ESPP, implemented via the Vedanta Limited ESOS Trust through secondary acquisitions. The schemes are designed to be compliant with SEBI SBEB regulations and regulatory norms, with vesting, exercise and lock‑in parameters outlined to align employee incentives with sustained performance. Taken together, Vedanta’s leadership moves and incentive schemes reflect a deliberate bid to harmonize governance with a more expansive, long‑term growth trajectory across its global metals platform.