6-K 1 d11691d6k.htm FORM 6-K Form 6-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Form 6-K

 

 

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

of the Securities Exchange Act of 1934

For the month of October 2020

Commission File 001 — 33175

 

 

Vedanta Limited

(Exact name of registrant as specified in the charter)

 

 

1st Floor, ‘C’ wing, Unit 103,

Corporate Avenue, Atul Projects,

Chakala, Andheri (East),

Mumbai-400 093

Maharashtra, India

(Address of principal executive offices)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F  ☒                Form 40-F  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ☐

 

 

 

Table of Contents

Sub: Submission pursuant to the 55th Annual General Meeting of the Company

We wish to inform that the 55th Annual General Meeting (‘AGM’) of the Company was held on Wednesday, September 30, 2020 through Video Conferencing (VC)/Other Audio Visual Means (OAVM) in accordance with the circulars/notifications issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India and the business(es) mentioned in the Notice dated September 07, 2020 convening the meeting, were transacted. The Company had also provided facility to view proceedings of the meeting to its shareholders.

In this regard, please find enclosed the following –

 

1.

Voting results as required under Regulation 44 of the Securities & Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), as Annexure – I;

 

2.

Consolidated Report of Scrutinizer dated September 30, 2020, for remote e-voting (both before the date of AGM and during the conduct of AGM), pursuant to Section 108 of the Companies Act, 2013 read with Rule 20(4)(xi) and Rule 21(2) of the Companies (Management and Administration) Rules, 2014, as Annexure – II.

 

3.

Summary of proceedings as required under Regulation 30, Part-A of Schedule-III of the SEBI Listing Regulations, as Annexure – III.

The meeting commenced at 03:00 pm IST and concluded at 04:30 pm IST.

The voting results along with the Scrutinizer’s Report(s) are available at the registered and corporate office and website of the Company at www.vedantalimited.com and on the website of National Securities Depository Limited (NSDL) at www.evoting@nsdl.co.in.

Further, the copy of Annual Report of the Company for the financial year 2019-20 is available on the Company website at https://www.vedantalimited.com/Pages/AnnualReports.aspx.

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: October 1, 2020

 

VEDANTA LIMITED
By:  

/s /Prerna Halwasiya

Name:   Prerna Halwasiya
Title:   Company Secretary & Compliance Officer

General information about company

 

Scrip code    500295
NSE Symbol    VEDL
MSEI Symbol    NOTLISTED
ISIN    INE205A01025
Name of the company    VEDANTA LIMITED
Type of meeting    AGM
Date of the meeting / last day of receipt of postal ballot forms (in case of Postal Ballot)    30-09-2020
Start time of the meeting    03:00 PM
End time of the meeting    04:30 PM

Scrutinizer Details

 

Name of the Scrutinizer    UPENDRA SHUKLA
Firms Name    UPENDRA SHUKLA
Qualification    CS
Membership Number    2727
Date of Board Meeting in which appointed    07-09-2020
Date of Issuance of Report to the company    01-10-2020

Voting results

 

Record date

      23-09-2020  

Total number of shareholders on record date

      669673  

No. of shareholders present in the meeting either in person or through proxy

 

a) Promoters and Promoter group

      0  

b) Public

      0  

No. of shareholders attended the meeting through video conferencing

 

a) Promoters and Promoter group

      6  

b) Public

      222  

No. of resolution passed in the meeting

      9  

Disclosure of notes on voting results

      Add Notes  

Resolution (1)
Resolution required: (Ordinary / Special)    Ordinary
Whether promoter/promoter group are interested in the agenda/resolution?    No
Description of resolution considered    To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended March 31, 2020 and the reports of the Board of Directors and Auditors thereon

 

Category

   Mode of voting   No. of shares held (1)     No. of votes polled (2)     % of Votes polled on
outstanding shares
(3)=[(2)/(1)]*100		     No. of votes –
in favour (4)		     No. of votes –
against (5)		     % of votes in
favour on votes
polled
(6)=[(4)/(2)]*100		     % of Votes against
on votes polled
(7)=[(5)/(2)]*100		  

Promoter and Promoter Group

   E-Voting     1863618788       1863618788       100.0000       1863618788       0       100.0000       0.0000  
  Poll     0       0.0000       0       0       0       0  
  Postal Ballot
(if applicable)		     0       0.0000       0       0       0       0  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
  Total     1863618788       1863618788       100.0000       1863618788       0       100.0000       0.0000  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Public- Institutions

   E-Voting     1270439964       917628331       72.2292       915798410       1829921       99.8006       0.1994  
  Poll     0       0.0000       0       0       0       0  
  Postal Ballot
(if applicable)		     0       0.0000       0       0       0       0  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
  Total     1270439964       917628331       72.2292       915798410       1829921       99.8006       0.1994  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Public- Non Institutions

   E-Voting     583137887       94228144       16.1588       93145172       1082972       98.8507       1.1493  
  Poll     59479       0.0102       59479       0       100.0000       0.0000  
  Postal Ballot
(if applicable)		     0       0.0000       0       0       0       0  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
  Total     583137887       94287623       16.1690       93204651       1082972       98.8514       1.1486  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
  Total     3717196639       2875534742       77.3576       2872621849       2912893       99.8987       0.1013  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Whether resolution is Pass or Not.

 

     Yes  

Disclosure of notes on resolution

 

     Add Notes  

 

*

this fields are optional    

 

Details of Invalid Votes  

Category

    No. of Votes  

Promoter and Promoter Group

   

Public Insitutions

   

Public - Non Insitutions

   

Resolution (2)
Resolution required: (Ordinary / Special)    Ordinary
Whether promoter/promoter group are interested in the agenda/resolution?    No
Description of resolution considered    To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2020 and the report of the Auditors thereon.

 

Category

   Mode of voting   No. of shares held (1)     No. of votes polled (2)     % of Votes polled on
outstanding shares
(3)=[(2)/(1)]*100		     No. of votes –
in favour (4)		     No. of votes –
against (5)		     % of votes in
favour on votes
polled
(6)=[(4)/(2)]*100		     % of Votes against
on votes polled
(7)=[(5)/(2)]*100		  

Promoter and Promoter Group

   E-Voting     1863618788       1863618788       100.0000       1863618788       0       100.0000       0.0000  
  Poll     0       0.0000       0       0       0       0  
  Postal Ballot
(if applicable)		     0       0.0000       0       0       0       0  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
  Total     1863618788       1863618788       100.0000       1863618788       0       100.0000       0.0000  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Public- Institutions

   E-Voting     1270439964       917429931       72.2136       915600010       1829921       99.8005       0.1995  
  Poll     0       0.0000       0       0       0       0  
  Postal Ballot
(if applicable)		     0       0.0000       0       0       0       0  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
  Total     1270439964       917429931       72.2136       915600010       1829921       99.8005       0.1995  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Public- Non Institutions

   E-Voting     583137887       94223570       16.1580       93135728       1087842       98.8455       1.1545  
  Poll     59479       0.0102       59479       0       100.0000       0.0000  
  Postal Ballot
(if applicable)		     0       0.0000       0       0       0       0  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
  Total     583137887       94283049       16.1682       93195207       1087842       98.8462       1.1538  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
  Total     3717196639       2875331768       77.3522       2872414005       2917763       99.8985       0.1015  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Whether resolution is Pass or Not.

 

     Yes  

Disclosure of notes on resolution

 

     Add Notes  

 

*

this fields are optional

 

Details of Invalid Votes  

Category

    No. of Votes  

Promoter and Promoter Group

   

Public Insitutions

   

Public - Non Insitutions

   

Resolution (3)
Resolution required: (Ordinary / Special)    Ordinary
Whether promoter/promoter group are interested in the agenda/resolution?    No
Description of resolution considered    To confirm the payment of first interim dividend of Rs. 3.90 per equity share i.e. 390% on face value of Rs. 1/- each for the financial year ended March 31, 2020.

 

Category

   Mode of voting   No. of shares held (1)     No. of votes polled (2)     % of Votes polled on
outstanding shares
(3)=[(2)/(1)]*100		     No. of votes –
in favour (4)		     No. of votes –
against (5)		     % of votes in
favour on votes
polled
(6)=[(4)/(2)]*100		     % of Votes against
on votes polled
(7)=[(5)/(2)]*100		  

Promoter and Promoter Group

   E-Voting     1863618788       1863618788       100.0000       1863618788       0       100.0000       0.0000  
  Poll     0       0.0000       0       0       0       0  
  Postal Ballot
(if applicable)		     0       0.0000       0       0       0       0  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
  Total     1863618788       1863618788       100.0000       1863618788       0       100.0000       0.0000  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Public- Institutions

   E-Voting     1270439964       686042870       54.0004       686042870       0       100.0000       0.0000  
  Poll     0       0.0000       0       0       0       0  
  Postal Ballot
(if applicable)		     0       0.0000       0       0       0       0  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
  Total     1270439964       686042870       54.0004       686042870       0       100.0000       0.0000  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Public- Non Institutions

   E-Voting     583137887       94490925       16.2039       94297915       193010       99.7957       0.2043  
  Poll     59479       0.0102       59111       368       99.3813       0.6187  
  Postal Ballot
(if applicable)		     0       0.0000       0       0       0       0  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
  Total     583137887       94550404       16.2141       94357026       193378       99.7955       0.2045  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
  Total     3717196639       2644212062       71.1346       2644018684       193378       99.9927       0.0073  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Whether resolution is Pass or Not.

 

     Yes  

Disclosure of notes on resolution

 

     Add Notes  

 

*

this fields are optional    

 

Details of Invalid Votes  

Category

    No. of Votes  

Promoter and Promoter Group

   

Public Insitutions

   

Public - Non Insitutions

   

Resolution (4)
Resolution required: (Ordinary / Special)    Ordinary
Whether promoter/promoter group are interested in the agenda/resolution?    No
Description of resolution considered    To re-appoint Mr. GR Arun Kumar (DIN:01874769), who retires by rotation and being eligible, offers himself for re-appointment, as a Director.

 

Category

   Mode of voting   No. of shares held (1)     No. of votes polled (2)     % of Votes polled on
outstanding shares
(3)=[(2)/(1)]*100		     No. of votes –
in favour (4)		     No. of votes –
against (5)		     % of votes in
favour on votes
polled
(6)=[(4)/(2)]*100		     % of Votes against
on votes polled
(7)=[(5)/(2)]*100		  

Promoter and Promoter Group

   E-Voting     1863618788       1863618788       100.0000       1863618788       0       100.0000       0.0000  
  Poll     0       0.0000       0       0       0       0  
  Postal Ballot
(if applicable)		     0       0.0000       0       0       0       0  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
  Total     1863618788       1863618788       100.0000       1863618788       0       100.0000       0.0000  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Public- Institutions

   E-Voting     1270439964       922736595       72.6313       919383404       3353191       99.6366       0.3634  
  Poll     0       0.0000       0       0       0       0  
  Postal Ballot
(if applicable)		     0       0.0000       0       0       0       0  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
  Total     1270439964       922736595       72.6313       919383404       3353191       99.6366       0.3634  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Public- Non Institutions

   E-Voting     583137887       94372227       16.1835       87930175       6442052       93.1738       6.8262  
  Poll     58979       0.0101       58856       123       99.7915       0.2085  
  Postal Ballot
(if applicable)		     0       0.0000       0       0       0       0  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
  Total     583137887       94431206       16.1936       87989031       6442175       93.1779       6.8221  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
  Total     3717196639       2880786589       77.4989       2870991223       9795366       99.6600       0.3400  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Whether resolution is Pass or Not.

 

     Yes  

Disclosure of notes on resolution

 

     Add Notes  

 

*

this fields are optional    

 

Details of Invalid Votes  

Category

    No. of Votes  

Promoter and Promoter Group

   

Public Insitutions

   

Public - Non Insitutions

   

Resolution (5)
Resolution required: (Ordinary / Special)    Ordinary
Whether promoter/promoter group are interested in the agenda/resolution?    No
Description of resolution considered    To appoint Mr. Anil Kumar Agarwal (DIN:00010883) as a Non-Executive Director designated as the Chairman of the Company effective from April 01, 2020

 

Category

   Mode of voting   No. of shares held (1)     No. of votes polled (2)     % of Votes polled on
outstanding shares
(3)=[(2)/(1)]*100		     No. of votes –
in favour (4)		     No. of votes –
against (5)		     % of votes in
favour on votes
polled
(6)=[(4)/(2)]*100		      % of Votes against
on votes polled
(7)=[(5)/(2)]*100		  

Promoter and Promoter Group

   E-Voting     1863618788       1863618788       100.0000       1863618788       0       100.0000        0.0000  
  Poll     0       0.0000       0       0       0        0  
  Postal Ballot
(if applicable)		     0       0.0000       0       0       0        0  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  
  Total     1863618788       1863618788       100.0000       1863618788       0       100.0000        0.0000  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

Public- Institutions

   E-Voting     1270439964       922114070       72.5823       888473537       33640533       96.3518        3.6482  
  Poll     0       0.0000       0       0       0        0  
  Postal Ballot
(if applicable)		     0       0.0000       0       0       0        0  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  
  Total     1270439964       922114070       72.5823       888473537       33640533       96.3518        3.6482  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

Public- Non Institutions

   E-Voting     583137887       94243601       16.1615       80681301       13562300       85.6093        14.3907  
  Poll     59479       0.0102       59479       0       100.0000        0.0000  
  Postal Ballot
(if applicable)		     0       0.0000       0       0       0        0  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  
  Total     583137887       94303080       16.1717       80740780       13562300       85.6184        14.3816  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  
  Total     3717196639       2880035938       77.4787       2832833105       47202833       98.3610        1.6390  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

Whether resolution is Pass or Not.

 

     Yes  

Disclosure of notes on resolution

 

     Add Notes  

 

*

this fields are optional

 

Details of Invalid Votes  

Category

    No. of Votes  

Promoter and Promoter Group

   

Public Institutions

   

Public - Non Institutions

   

Resolution (6)
Resolution required: (Ordinary / Special)    Ordinary
Whether promoter/promoter group are interested in the agenda/resolution?    No
Description of resolution considered    To re-appoint Ms. Priya Agarwal (DIN:05162177) as Non-Executive Director of the Company

 

Category

   Mode of voting   No. of shares held (1)     No. of votes polled (2)     % of Votes polled on
outstanding shares
(3)=[(2)/(1)]*100		     No. of votes –
in favour (4)		     No. of votes –
against (5)		     % of votes in
favour on votes
polled
(6)=[(4)/(2)]*100		     % of Votes against
on votes polled
(7)=[(5)/(2)]*100		  

Promoter and Promoter Group

   E-Voting     1863618788       1863618788       100.0000       1863618788       0       100.0000       0.0000  
  Poll     0       0.0000       0       0       0       0  
  Postal Ballot
(if applicable)		     0       0.0000       0       0       0       0  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
  Total     1863618788       1863618788       100.0000       1863618788       0       100.0000       0.0000  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Public- Institutions

   E-Voting     1270439964       922736595       72.6313       919369237       3367358       99.6351       0.3649  
  Poll     0       0.0000       0       0       0       0  
  Postal Ballot
(if applicable)		     0       0.0000       0       0       0       0  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
  Total     1270439964       922736595       72.6313       919369237       3367358       99.6351       0.3649  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Public- Non Institutions

   E-Voting     583137887       94358859       16.1812       87787908       6570951       93.0362       6.9638  
  Poll     58979       0.0101       58979       0       100.0000       0.0000  
  Postal Ballot
(if applicable)		     0       0.0000       0       0       0       0  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
  Total     583137887       94417838       16.1913       87846887       6570951       93.0406       6.9594  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
  Total     3717196639       2880773221       77.4985       2870834912       9938309       99.6550       0.3450  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Whether resolution is Pass or Not.

 

     Yes  

Disclosure of notes on resolution

 

     Add Notes  

 

*

this fields are optional

 

Details of Invalid Votes  

Category

    No. of Votes  

Promoter and Promoter Group

   

Public Institutions

   

Public - Non Institutions

   

Resolution (7)
Resolution required: (Ordinary / Special)    Ordinary
Whether promoter/promoter group are interested in the agenda/resolution?    No
Description of resolution considered    To re-appoint Mr. GR Arun Kumar (DIN:01874769) as Whole-Time Director, designated as Chief Financial Officer (CFO) of the Company for the period from November 22, 2019 to November 21, 2021

 

Category

   Mode of voting   No. of shares held (1)     No. of votes polled (2)     % of Votes polled on
outstanding shares
(3)=[(2)/(1)]*100		     No. of votes –
in favour (4)		     No. of votes –
against (5)		     % of votes in
favour on votes
polled
(6)=[(4)/(2)]*100		     % of Votes against
on votes polled
(7)=[(5)/(2)]*100		  

Promoter and Promoter Group

   E-Voting     1863618788       1863618788       100.0000       1863618788       0       100.0000       0.0000  
  Poll     0       0.0000       0       0       0       0  
  Postal Ballot
(if applicable)		     0       0.0000       0       0       0       0  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
  Total     1863618788       1863618788       100.0000       1863618788       0       100.0000       0.0000  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Public- Institutions

   E-Voting     1270439964       922667820       72.6258       921425226       1242594       99.8653       0.1347  
  Poll     0       0.0000       0       0       0       0  
  Postal Ballot
(if applicable)		     0       0.0000       0       0       0       0  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
  Total     1270439964       922667820       72.6258       921425226       1242594       99.8653       0.1347  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Public- Non Institutions

   E-Voting     583137887       94365865       16.1824       88420064       5945801       93.6992       6.3008  
  Poll     58979       0.0101       58355       624       98.9420       1.0580  
  Postal Ballot
(if applicable)		     0       0.0000       0       0       0       0  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
  Total     583137887       94424844       16.1925       88478419       5946425       93.7025       6.2975  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
  Total     3717196639       2880711452       77.4969       2873522433       7189019       99.7504       0.2496  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Whether resolution is Pass or Not.

 

     Yes  

Disclosure of notes on resolution

 

     Add Notes  

 

*

this fields are optional

 

Details of Invalid Votes  

Category

    No. of Votes  

Promoter and Promoter Group

   

Public Institutions

   

Public - Non Institutions

   

Resolution (8)
Resolution required: (Ordinary / Special)    Ordinary
Whether promoter/promoter group are interested in the agenda/resolution?    No
Description of resolution considered    To approve payment of remuneration to Mr. Srinivasan Venkatakrishnan (DIN:08364908), Whole-Time Director designated as Chief Executive Officer of the Company effective April 01, 2019

 

Category

   Mode of voting   No. of shares held (1)     No. of votes polled (2)     % of Votes polled on
outstanding shares
(3)=[(2)/(1)]*100		     No. of votes –
in favour (4)		     No. of votes –
against (5)		     % of votes in
favour on votes
polled
(6)=[(4)/(2)]*100		     % of Votes against
on votes polled
(7)=[(5)/(2)]*100		  

Promoter and Promoter Group

   E-Voting     1863618788       1863618788       100.0000       1863618788       0       100.0000       0.0000  
  Poll     0       0.0000       0       0       0       0  
  Postal Ballot
(if applicable)		     0       0.0000       0       0       0       0  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
  Total     1863618788       1863618788       100.0000       1863618788       0       100.0000       0.0000  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Public- Institutions

   E-Voting     1270439964       683340028       53.7877       348872064       334467964       51.0539       48.9461  
  Poll     0       0.0000       0       0       0       0  
  Postal Ballot
(if applicable)		     0       0.0000       0       0       0       0  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
  Total     1270439964       683340028       53.7877       348872064       334467964       51.0539       48.9461  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Public- Non Institutions

   E-Voting     583137887       94279315       16.1676       22563886       71715429       23.9330       76.0670  
  Poll     58979       0.0101       58956       23       99.9610       0.0390  
  Postal Ballot
(if applicable)		     0       0.0000       0       0       0       0  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
  Total     583137887       94338294       16.1777       22622842       71715452       23.9806       76.0194  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
  Total     3717196639       2641297110       71.0562       2235113694       406183416       84.6218       15.3782  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Whether resolution is Pass or Not.

 

     Yes  

Disclosure of notes on resolution

 

     Add Notes  

 

*

this fields are optional

 

Details of Invalid Votes  

Category

    No. of Votes  

Promoter and Promoter Group

   

Public Institutions

   

Public - Non Institutions

   

Resolution (9)
Resolution required: (Ordinary / Special)    Ordinary
Whether promoter/promoter group are interested in the agenda/resolution?    No
Description of resolution considered    To ratify the remuneration of Cost Auditors for the financial year ended March 31, 2021

 

Category

   Mode of voting   No. of shares held (1)     No. of votes polled (2)     % of Votes polled on
outstanding shares
(3)=[(2)/(1)]*100		     No. of votes –
in favour (4)		     No. of votes –
against (5)		     % of votes in
favour on votes
polled
(6)=[(4)/(2)]*100		     % of Votes against
on votes polled
(7)=[(5)/(2)]*100		  

Promoter and Promoter Group

   E-Voting     1863618788       1863618788       100.0000       1863618788       0       100.0000       0.0000  
  Poll     0       0.0000       0       0       0       0  
  Postal Ballot
(if applicable)		     0       0.0000       0       0       0       0  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
  Total     1863618788       1863618788       100.0000       1863618788       0       100.0000       0.0000  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Public- Institutions

   E-Voting     1270439964       922736595       72.6313       922736595       0       100.0000       0.0000  
  Poll     0       0.0000       0       0       0       0  
  Postal Ballot
(if applicable)		     0       0.0000       0       0       0       0  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
  Total     1270439964       922736595       72.6313       922736595       0       100.0000       0.0000  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Public- Non Institutions

   E-Voting     583137887       94384363       16.1856       93671650       712713       99.2449       0.7551  
  Poll     58979       0.0101       58856       123       99.7915       0.2085  
  Postal Ballot
(if applicable)		     0       0.0000       0       0       0       0  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
  Total     583137887       94443342       16.1957       93730506       712836       99.2452       0.7548  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
  Total     3717196639       2880798725       77.4992       2880085889       712836       99.9753       0.0247  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Whether resolution is Pass or Not.

 

     Yes  

Disclosure of notes on resolution

 

     Add Notes  

 

*

this fields are optional

 

Details of Invalid Votes  

Category

    No. of Votes  

Promoter and Promoter Group

   

Public Institutions

   

Public - Non Institutions

   

UPENDRA SHUKLA       504 , Navkar,
                    B. Com., F C. S       Nandapatkar Road,
Company Secretary       Vile Parle East, Mumbai - 400 057
      Resi : 2611 8257
      Mob.: 98211 25846
      E-mail : ucshukla@rediffmail.com

Shri Navin Agrawal

Chairman

Vedanta Limited

1st Floor, C wing, Unit 103, Corporate Avenue

Atul Projects, Chakala, Andheri (East)

Mumbai-400 093

Dear Sir,

Sub: Combined Report on Remote e-voting and e-voting conducted at the 55th Annual General Meeting of Vedanta Limited, held at 3.00 p.m. on Wednesday, the 30th September, 2020 through Video Conferencing (VC)/ Other Audio Visual Means (OAVM)

1)    I, Upendra C. Shukla, Practising Company Secretary, was appointed as the Scrutinizer by the Company to scrutinize the remote e-voting process and also e-voting by Members at the 55th Annual General Meeting (‘AGM’) of Vedanta Limited (hereinafter referred to as ‘the Company’), held through Video Conferencing (‘VC’) /Other Audio Visual Means (‘OAVM’) on Wednesday, the 30th September, 2020 at 3.00 p.m.

2)    Pursuant to the Circulars Nos. 14/2020, 17/2020 and 20/20220 dated 8th April, 2020, 13th April, 2020 and 5th May, 2020 respectively issued by the Ministry of Corporate Affairs (MCA Circulars) read with circular dated 12th May, 2020 issued by the Securities Exchange Board of India (SEBI), the notice dated 7th September, 2020 as confirmed by the Company, was sent to the Members in respect of below mentioned resolutions through electronic mode to those, whose e-mail addresses are registered with the Company/ Depositories.

3)    As per the provisions of Section 108 of the Companies Act, 2013 (‘the Act’) read with the Rule 20 of the Companies (Management and Administration) Rules, 2014, as amended, as also in accordance with the Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company had provided the facility of e-voting to the Members to cast their votes electronically on all the resolutions proposed in the Notice of the 55th AGM.

4)    The Company had appointed National Securities Depository Limited (‘NSDL’) as Service Provider, who provided the facilities for conducting the Remote e-voting, for participation by the Members in the AGM through VC/OAVM and e-voting during the said AGM.

5)    My responsibility as a Scrutinizer is to ensure that the voting process is conducted in a fair and transparent manner and submit a Scrutinizer’s Report on the votes cast ‘in favour’ or ‘against’ the resolutions, based on the reports generated from the electronic voting system provided by the NSDL. The Management of the Company is responsible to ensure compliance with the requirements of the Act and rules relating to remote e-voting and e-voting at the AGM.

Based on the reports generated from the e-voting system provided by the NSDL, I submit my report on e-voting as under:

 

  a)

The Remote e-voting period commenced from Sunday, 27th September, 2020 at 9.00 a.m. (IST) and ended on Tuesday, 29th September, 2020 at 5.00 p.m. (IST).

 

...2/-

UPENDRA SHUKLA

: 2 :

 

  b)

The Company had also provided e-voting facility to the Members, who had participated in the AGM through VC/ OAVM and who had not casted their votes on Remote e-voting.

 

  c)

The Members of the Company as on the ‘cut-off’ date i.e. 23rd September, 2020 were entitled to vote on the resolutions as set-out in Item Nos. 1 to 9 of the Notice convening the 55th AGM of the Company.

 

  d)

On completion of e-voting during the AGM, I unblocked the results of the Remote e-voting and e-voting by the Shareholders at the AGM, on the NSDL e-voting system/ platform and after downloading the results, counted the votes.

 

  e)

All the 1780 Remote/e-voting responses are valid.

 

  f)

I now, submit my combined report as under on the results of the Remote e-voting and e-voting at the AGM in respect of the each of the resolutions as set out in the Notice dated 7th September, 2020 convening the AGM:

Resolution No. 1: Ordinary Resolution: To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended March 31, 2020 and the reports of the Board of Directors and Auditors thereon

 

      In favour of the Resolution    Against the Resolution    Not voted
  

No. of
Responses
received

 

    No. of votes cast    % of votes cast    No. of
Responses
received		    No. of votes
cast		    % of votes
cast		    No. of
Responses
received		    No. of shares/
Votes
Remote E-voting    1,636    2,872,562,370    99.90    107    2,912,893    0.10    13    89,143,555
E-voting at AGM    24    59,479    100.00    -    -    0.00    0    -
Combined    1,660    2,872,621,849    99.90    107    2,912,893    0.10    13    89,143,555

Since combined number of votes cast in favour of the resolution is more than number of votes cast against the resolution, the said ordinary resolution may be declared passed.

Resolution No. 2: Ordinary Resolution: To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2020 and the report of the Auditors thereon.

 

      In favour of the Resolution    Against the Resolution    Not voted
  

No. of
Responses
received

 

    No. of votes cast    % of votes cast    No. of
Responses
received		    No. of votes
cast		    % of votes
cast		    No. of
Responses
received		    No. of shares/
Votes
Remote E-voting    1,632    2,872,354,526    99.90    109    2,917,763    0.10    15    89,346,529
E-voting at AGM    24    59,479    100.00    0    -    0.00    0    -
Combined    1,656    2,872,414,005    99.90    109    2,917,763    0.10    15    89,346,529

Since combined number of votes cast in favour of the resolution is more than number of votes cast against the resolution, the said ordinary resolution may be declared passed.

 

...3/-

UPENDRA SHUKLA

: 3 :

 

Resolution No. 3: Ordinary Resolution: To confirm the payment of first interim dividend of Rs. 3.90 per equity share i.e. 390% on face value of Rs. 1/- each for the financial year ended March 31, 2020.

 

      In favour of the Resolution    Against the Resolution    Not voted
  

No. of
Responses
received

 

    No. of votes cast    % of votes cast    No. of
Responses
received		    No. of votes
cast		    % of votes
cast		    No. of
Responses
received		    No. of shares/
Votes
Remote E-voting    1,670    2,643,959,573    99.99    56    193,010    0.01    30    320,466,235
E-voting at AGM    23    59,111    99.38    1    368    0.62    0    -
Combined    1,693    2,644,018,684    99.99    57    193,378    0.01    30    320,466,235

Since combined number of votes cast in favour of the resolution is more than number of votes cast against the resolution, the said ordinary resolution may be declared passed.

Resolution No. 4: Ordinary Resolution: To re-appoint Mr. GR Arun Kumar (DIN:01874769), who retires by rotation and being eligible, offers himself for re-appointment, as a Director.

 

      In favour of the Resolution    Against the Resolution    Not voted
  

No. of
Responses
received

 

    No. of votes cast    % of votes cast    No. of
Responses
received		    No. of votes
cast		    % of votes
cast		    No. of
Responses
received		    No. of shares/
Votes
Remote E-voting    1,531    2,870,932,367    99.66    207    9,795,243    0.34    18    83,891,208
E-voting at AGM    21    58,856    99.79    2    123    0.21    1    500
Combined    1,552    2,870,991,223    99.66    209    9,795,366    0.34    19    83,891,708

Since combined number of votes cast in favour of the resolution is more than number of votes cast against the resolution, the said ordinary resolution may be declared passed.

Resolution No. 5: Ordinary Resolution: To appoint Mr. Anil Kumar Agarwal (DIN:00010883) as a Non-Executive Director designated as the Chairman of the Company effective from April 01, 2020.

 

      In favour of the Resolution    Against the Resolution    Not voted
  

No. of
Responses
received

 

    No. of votes cast    % of votes cast    No. of
Responses
received		    No. of votes
cast		    % of votes
cast		    No. of
Responses
received		    No. of shares/
Votes
Remote E-voting    1,496    2,832,773,626    98.36    240    47,202,833    1.64    20    84,642,359
E-voting at AGM    24    59,479    100.00    0    -    0.00    0    -
Combined    1,520    2,832,833,105    98.36    240    47,202,833    1.64    20    84,642,359

Since combined number of votes cast in favour of the resolution is more than number of votes cast against the resolution, the said ordinary resolution may be declared passed.

 

...4/-

UPENDRA SHUKLA

: 4 :

 

Resolution No. 6: Ordinary Resolution: To re-appoint Ms. Priya Agarwal (DIN:05162177) as Non-Executive Director of the Company

 

      In favour of the Resolution    Against the Resolution    Not voted
  

No. of
Responses
received

 

    No. of votes cast    % of votes cast    No. of
Responses
received		    No. of votes
cast		    % of votes
cast		    No. of
Responses
received		    No. of shares/
Votes
Remote E-voting    1,499    2,870,775,933    99.66    239    9,938,309    0.34    18    83,904,576
E-voting at AGM    23    58,979    100.00    -    -    0.00    1    500
Combined    1,522    2,870,834,912    99.66    239    9,938,309    0.34    19    83,905,076

Since combined number of votes cast in favour of the resolution is more than number of votes cast against the resolution, the said ordinary resolution may be declared passed.

Resolution No. 7: Ordinary Resolution: To re-appoint Mr. GR Arun Kumar (DIN:01874769) as Whole-Time Director,

designated as Chief Financial Officer (CFO) of the Company for the period from November 22, 2019 to November 21, 2021

 

      In favour of the Resolution    Against the Resolution    Not voted
  

No. of
Responses
received

 

    No. of votes cast    % of votes cast    No. of
Responses
received		    No. of votes
cast		    % of votes
cast		    No. of
Responses
received		    No. of shares/
Votes
Remote E-voting    1,532    2,873,464,078    99.75    202    7,188,395    0.25    22    83,966,345
E-voting at AGM    21    58,355    98.94    2    624    1.06    1    500
Combined    1,553    2,873,522,433    99.75    204    7,189,019    0.25    23    83,966,845

Since combined number of votes cast in favour of the resolution is more than number of votes cast against the resolution, the said ordinary resolution may be declared passed.

Resolution No. 8: Ordinary Resolution: To approve payment of remuneration to Mr. Srinivasan Venkatakrishnan (DIN:08364908), Whole-Time Director designated as Chief Executive Officer of the Company effective April 01, 2019

 

      In favour of the Resolution    Against the Resolution    Not voted
  

No. of
Responses
received

 

    No. of votes cast    % of votes cast    No. of
Responses
received		    No. of votes
cast		    % of votes
cast		    No. of
Responses
received		    No. of shares/
Votes
Remote E-voting    1,242    2,235,054,738    84.62    464    406,183,393    15.38    50    323,380,687
E-voting at AGM    22    58,956    99.96    1    23    0.04    1    500
Combined    1,264    2,235,113,694    84.62    465    406,183,416    15.38    51    323,381,187

Since combined number of votes cast in favour of the resolution is more than number of votes cast against the resolution, the said ordinary resolution may be declared passed.

 

...5/-

UPENDRA SHUKLA

: 5 :

 

Resolution No. 9: Ordinary Resolution: To ratify the remuneration of Cost Auditors for the financial year ended March 31, 2021

 

      In favour of the Resolution    Against the Resolution    Not voted
  

No. of
Responses
received

 

    No. of votes cast    % of votes cast    No. of
Responses
received		    No. of votes
cast		    % of votes
cast		    No. of
Responses
received		    No. of shares/
Votes
Remote E-voting    1,600    2,880,027,033    99.98    138    712,713    0.02    18    83,879,072
E-voting at AGM    21    58,856    99.79    2    123    0.21    1    500
Combined    1,621    2,880,085,889    99.98    140    712,836    0.02    19    83,879,572

Since combined number of votes cast in favour of the resolution is more than number of votes cast against the resolution, the said ordinary resolution may be declared passed.

Thanking you,

 

     Yours faithfully,
     (U.C. SHUKLA)
UDIN:      COMPANY SECRETARY
Date: 1st October, 2020      FCS: 2727/CP: 1654
Place: Mumbai     

SUMMARY OF PROCEEDINGS OF THE 55TH ANNUAL GENERAL MEETING OF VEDANTA LIMITED HELD ON WEDNESDAY, SEPTEMBER 30, 2020 THROUGH VIDEO CONFERENCING / OTHER AUDIO-VISUAL MEANS

 

The 55th Annual General Meeting (‘AGM/Meeting’) of the Members of Vedanta Limited (the ‘Company’) was held on Wednesday, September 30, 2020 at 3:00 pm IST by way of Video Conferencing/Other Audio-Visual Means (‘VC/OAVM’) in accordance with the circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India (‘SEBI’) in addition to the applicable provisions of Companies Act, 2013 (the ‘Act’) and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Rules made thereunder.

The meeting commenced at 3:00 pm IST. Mr. Anil Agarwal, the Chairman of the Board, chaired the Meeting and welcomed all attending the Meeting through VC/OAVM.

Before commencement of the proceedings, the Chairman introduced the Board of Directors and Key Managerial Personnel present at the Meeting.

The Chairman confirmed that all the Directors were present at the Meeting from their respective locations. Further, the representatives of the Statutory Auditors, the Secretarial Auditors and the Scrutinizer for the AGM, were also present at the Meeting.

As per the records of attendance, 228 members attended the meeting. The requisite quorum being present, the Chairman called the Meeting to order.

Ms. Prerna Halwasiya, the Company Secretary & Compliance Officer of the Company, welcomed the Members and briefed them on general instructions for conduct of the proceedings of the Meeting.

Members were informed that the Company had taken all feasible efforts under current circumstances to enable participation and voting through electronic mode. In this regard, facility to view proceedings of the Meeting was also made available for the shareholders on the Company’s website and the National Securities Depository Limited (‘NSDL’) website.

Members were requested to refer to the Instructions provided in the Notice dated September 07, 2020 convening the Meeting (the ‘Notice’) and the FAQs available on the Company website and NSDL website for a seamless participation through VC/OAVM.

The Statutory Registers and documents required under the Act were available electronically for inspection by the members during the AGM by sending requests as per the guidelines in the Notice.

The Chairman then delivered his official address to the Members. After the conclusion of the Chairman speech, Members were informed that there were no qualifications, observations or adverse remarks in the Auditors’ Report on Financial Statements and the report of Secretarial Auditors of the Company.

With the concurrence of the Members, the Notice and Annual Report containing Audited Financial Statements with Directors’ and Auditors’ Report for the year ended March 31, 2020, as sent to the members through electronic mode and made available on the Company’s website, were taken as read.

Members were further apprised that in compliance with the Act, the Company had provided the remote e-voting facility before and during the AGM to cast vote electronically on all resolutions set forth in the Notice. The remote e-voting period before the date of the AGM commenced on Sunday, September 27, 2020 (9:00 am IST) and ended on Tuesday, September 29, 2020 (5:00 pm IST). Members who had not cast their votes electronically earlier, were also permitted to cast their votes during the meeting through the e-voting system provided by NSDL as detailed in the Notice.

VEDANTA LIMITED

REGISTERED OFFICE: Vedanta Limited, 1st Floor, ‘C’ wing, Unit 103, Corporate Avenue, Atul Projects, Chakala, Andheri (East), Mumbai - 400093, Maharashtra, India | T +91 22 6643 4500 | F +91 22 6643 4530

CIN: L13209MH1965PLC291394

In terms of the Notice, the following items of business were transacted at the Meeting.

 

S. NO.    ITEM TRANSACTED    RESOLUTION
ORDINARY BUSINESS
1.    To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended March 31, 2020 and the reports of the Board of Directors and Auditors thereon;    Ordinary
2.    To receive, consider and adopt the audited consolidated financial statements of the Company for the financial year ended March 31, 2020 and the report of the Auditors thereon;    Ordinary
3.    To confirm the payment of first interim dividend of ₹ 3.90 per equity share i.e. 390% on face value of ₹ 1/- each for the financial year ended March 31, 2020;    Ordinary
4.    To re-appoint Mr. GR Arun Kumar (DIN:01874769), who retires by rotation and being eligible, offers himself for re-appointment, as a Director;    Ordinary
SPECIAL BUSINESS
5.    To consider appointment of Mr. Anil Kumar Agarwal (DIN:00010883) as a Non-Executive Director designated as the Chairman of the Company effective from April 01, 2020;    Ordinary
6.    To consider re-appointment of Ms. Priya Agarwal (DIN:05162177) as Non-Executive Director of the Company;    Ordinary
7.    To consider re-appointment of Mr. GR Arun Kumar (DIN:01874769) as Whole-Time Director, designated as Chief Financial Officer (CFO) of the Company for the period from November 22, 2019 to November 21, 2021;    Ordinary
8.    To approve payment of remuneration to Mr. Srinivasan Venkatakrishnan (DIN:08364908), Whole-Time Director designated as Chief Executive Officer of the Company effective April 01, 2019; and    Ordinary
9.    To ratify the remuneration of Cost Auditors for the financial year ended March 31, 2021.    Ordinary

Members, who had registered and conveyed their desire to speak at the meeting as per the Notice, were sequentially invited to ask questions, provide suggestions or seek clarifications, if any, from the Company. In response, necessary clarifications were provided to the queries raised by the Members. Members were also provided the facility to submit their suggestions, feedbacks or questions online during the conduct of the Meeting.

Post the question and answer session, the Chairman authorized Ms. Prerna Halwasiya to conduct the voting procedure and conclude the Meeting and further authorized her to declare the voting results within 48 hours of the conclusion of the meeting.

The Chairman extended his gratitude and appreciation to all the Board members, auditors, shareholders and members of management team for their presence at the Meeting and for their continued faith and support in the Company including all its future endeavors.

The e-voting facility was made available for 15 minutes post the conclusion of the proceedings to enable members to cast their votes. Mr. Upendra C. Shukla, Practicing Company Secretary (FCS No.2727, CP No.1654), was appointed as the Scrutinizer for providing guidance and supervising the remote e-voting process.

It was further confirmed that the requisite quorum was present throughout the meeting.

VEDANTA LIMITED

REGISTERED OFFICE: Vedanta Limited, 1st Floor, ‘C’ wing, Unit 103, Corporate Avenue, Atul Projects, Chakala, Andheri (East), Mumbai - 400093, Maharashtra, India | T +91 22 6643 4500 | F +91 22 6643 4530

CIN: L13209MH1965PLC291394

Upon completion of the e-voting process, the Meeting was concluded at 04:30 pm IST with vote of thanks to the Members.

All resolutions set out in the Notice were passed by the Members with requisite majority.

The details of voting results on all resolutions set out in the Notice and the Consolidated Report as received from the Scrutinizer are placed as Annexure I and Annexure II respectively and also available on the Company website at www.vedantalimited.com, on the website of NSDL at www.evoting.nsdl.com and on website of the stock exchanges www.nseindia.com and www.bseindia.com.

This is for your information and records.

For Vedanta Limited

Prerna Halwasiya

Company Secretary & Compliance Officer

VEDANTA LIMITED

REGISTERED OFFICE: Vedanta Limited, 1st Floor, ‘C’ wing, Unit 103, Corporate Avenue, Atul Projects, Chakala, Andheri (East), Mumbai - 400093, Maharashtra, India | T +91 22 6643 4500 | F +91 22 6643 4530

CIN: L13209MH1965PLC291394