The Portfolio · BriefAll articles →
Leadership Change

VEDL · Vedanta Limited · NSE · Filed 30 Jul · 2 min read

Vedanta names Arun Misra as CEO from August 2026

The board re-appointed Arun Misra as Executive Director and designated him CEO and Key Managerial Personnel for a one-year term, subject to shareholder approval.

What was filed

At its board meeting on July 30, 2026 — the same meeting that took up the Q1 FY2026-27 results — Vedanta's Board approved several leadership and governance items. The headline change is the re-appointment of Mr. Arun Misra as an Executive Director, with the additional designation of Chief Executive Officer and Key Managerial Personnel. Per the filing, Misra was first appointed an Executive Director in August 2023 and has served as CEO of subsidiary Hindustan Zinc Limited. His new CEO term runs from August 1, 2026 to July 31, 2027 and is subject to shareholder approval.

The Board also re-appointed Mr. Prasun Kumar Mukherjee as a Non-Executive Independent Director for a second and final one-year term from August 11, 2026, again subject to shareholder approval.

A broader leadership reshuffle

Beyond the CEO appointment, the filing records a series of Senior Management Personnel designations across Vedanta's businesses. Mr. Amarendu Prakash, a former Chairman & Managing Director of SAIL, has been elevated to CEO of Hindustan Zinc effective August 1, 2026 and named an SMP of Vedanta Limited through July 31, 2029. The Board also designated the CEOs of its Copper business (Mr. Puneet Khurana), Zinc International (Mr. Vijay Kumar) and FACOR (Mr. Manoj Kumar Keshari) as Senior Management Personnel with immediate effect. Taken together, the changes formalise the reporting layer of business-unit heads under the newly designated group CEO.

New employee share plans

The Board separately approved two new equity-benefit schemes — the Vedanta Limited Employee Stock Option Plan 2026, which will supersede the existing 2016 scheme, and the Employee Share Purchase Plan 2026. Both will be run through the existing VEDL ESOS Trust via secondary acquisition from the open market, and both require shareholder approval. The filing notes no options have been granted and no offer made under either plan as on date. Shares held by the Trust under all outstanding schemes are capped at 5% of paid-up equity capital at any time.

The appointment settles who leads Vedanta at the group level and formalises the business-unit leadership beneath the CEO; the CEO and independent-director terms and both share plans remain subject to shareholder approval. The proposed ESOP and ESPP pools, funded through secondary-market acquisition by the Trust, define the scale of equity set aside for employees relative to paid-up capital.

Share this

The brief

You just read one filing on Vedanta. We do this every morning — for the stocks you own.

A calm, cited reading of your own holdings, delivered daily on Telegram or email. No tips.

Free during the pilot.

Read all articles