Vedanta Limited (Exact Name of Registrant As Specified in the Charter)
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SECURITIES AND EXCHANGE COMMISSION FORM 6-K Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 Amendments Filing Date: 2021-07-27 | Period of Report: 2021-07-26 SEC Accession No. 0001193125-21-225323 (HTML Version on secdatabase.com) FILER Vedanta Ltd Mailing Address Business Address FLR1, 103-C WING, ATUL FLR1, 103-C WING, ATUL CIK:1370431| IRS No.: 000000000 | State of Incorp.:K7 | Fiscal Year End: 0331 PROJECT, CHAKALA, PROJECT, CHAKALA, Type: 6-K | Act: 34 | File No.: 001-33175 | Film No.: 211116853 ANDHERI (EAST) ANDHERI (EAST) SIC: 1000 Metal mining MUMBAI K7 400 093 MUMBAI K7 400 093 91-832-2460600 Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 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 July 2021 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): ☐ Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Table of Contents Dear Sir/Madam, The Board of Directors of the Company at its meeting held on July 26, 2021, have considered, and approved the Unaudited Consolidated and Standalone Financial Results of the Company for the First quarter ended June 30, 2021. In this regard, please find enclosed herewith the following: 1. The Unaudited Consolidated and Standalone Financial Results of the Company for the First quarter ended June 30, 2021 (Financial Results); - Exhibit 99.1 2. Limited Review Report for Financial Results from our Statutory Auditors, M/s S.R. Batliboi & Co. LLP, Chartered Accountants, in terms of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015; Exhibit 99.2 3. A Press Release in respect to the Financial Results; and Exhibit 99.3 4. Investor Presentation on the Financial Results. Exhibit 99.4 Forward looking statement: In addition to historical information, this Form 6K and the exhibits included herein contain forward-looking statements within the meaning of Section 27A of the Securities Act, of 1933, as amended, and Section 21E of the Securities Exchange Act, 1934, as amended. The forward looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from those reflected in the forward- looking statements, Factors that might cause such a difference include, but are not limited to, those discussed in the section entitled Special Note Regarding Forward-Looking Statements in our Annual Report on Form 20F dated July 19, 2021. You are cautioned not to place undue reliance on these forward-looking statements, which reflect our managements analysis only as of the date of the exhibits to this Form 6K. In addition, you should carefully review the other information in our Annual Report and other documents filed with the United States Securities and Exchange Commission (the SEC) from time to time. Our filings with the SEC are available on the SECwebsite,www.sec.gov. Exhibits Exhibit 99:1: The Unaudited Consolidated and Standalone Financial Results of the Company for the First quarter ended June 30, 2021 (Financial Results); Exhibit 99:2: Limited Review Report for Financial Results from our Statutory Auditors, M/s S.R. Batliboi & Co. LLP, Chartered Accountants, in terms of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Exhibit 99.3: A Press Release in respect to the Financial Results and Exhibit 99.4: Investor Presentation on the Financial Results. Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 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: July 26, 2021 VEDANTA LIMITED By: /s /Prerna Halwasiya Name: Prerna Halwasiya Title: Company Secretary & Compliance Officer Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Exhibit 99.1 Vedanta Limited CIN no. L13209MH1965PLC291394 Regd. Office: Vedanta Limited 1st Floor, C wing, Unit 103, Corporate Avenue, Atul Projects, Chakala, Andheri (East), Mumbai400093, Maharashtra STATEMENT OF UNAUDITED CONSOLIDATED RESULTS FOR THE QUARTER ENDED 30 JUNE 2021 (₹ in Crore except as stated) Quarter ended Year ended 31.03.2021 S. 30.06.2021 (Audited) 30.06.2020 31.03.2021 No. Particulars (Unaudited) (Refer Note 2) (Unaudited) (Audited) 1 Revenue from operations 28,105 27,874 15,687 86,863 2 Other operating income 307 332 286 1,158 3 Other income 739 859 1,025 3,421 Total Income 29,151 29,065 16,998 91,442 4 Expenses a) Cost of materials consumed 8,207 7,331 4,471 22,849 b) Purchases of stock-in-trade 88 18 13 41 c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (766 ) 143 264 792 d) Power & fuel charges 3,918 3,972 2,499 13,674 e) Employee benefits expense 683 709 659 2,861 f) Finance costs 1,182 1,325 1,252 5,210 g) Depreciation, depletion and amortization expense 2,124 2,055 1,733 7,638 h) Other expenses (Refer note 4) 6,411 6,996 4,074 20,486 5 Total expenses 21,847 22,549 14,965 73,551 6 Profit before exceptional items and tax 7,304 6,516 2,033 17,891 7 Net exceptional loss (Refer note 3) (134 ) (773 ) (678 ) 8 Profit before tax 7,170 5,743 2,033 17,213 9 Tax expense/ (benefit) On other than exceptional items a) Net Current tax expense 1,413 33 297 2,066 b) Net Deferred tax expense/ (benefit) (Refer note 8) 522 (1,732 ) 214 268 i) Deferred tax on intra group profit distribution (including from accumulated profits) (132 ) 96 869 ii) Other Deferred tax expense/ (benefit) 522 (1,600 ) 118 (601 ) On exceptional items c) Net tax benefit on exceptional items (Refer note 3) (47 ) (187 ) (154 ) Net tax expense/ (benefit) (a+b+c) 1,888 (1,886 ) 511 2,180 10 Profit after tax before share in profit/ (loss) of jointly controlled entities and associates and non-controlling interests 5,282 7,629 1,522 15,033 11 Add: Share in profit/ (loss) of jointly controlled entities and associates 1 (1 ) 0 (1 ) 12 Profit after share in profit/ (loss) of jointly controlled entities and associates (a) 5,283 7,628 1,522 15,032 Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document (₹ in Crore except as stated) Quarter ended Year ended 31.03.2021 S. 30.06.2021 (Audited) 30.06.2020 31.03.2021 No. Particulars (Unaudited) (Refer Note 2) (Unaudited) (Audited) 13 Other Comprehensive Income i. (a) Items that will not be reclassified to profit or loss 32 5 10 62 (b) Tax benefit/ (expense) on items that will not be reclassified to profit or loss 0 (9 ) 4 (11 ) ii. (a) Items that will be reclassified to profit or loss 371 118 7 187 (b) Tax benefit/ (expense) on items that will be reclassified to profit or loss 15 10 36 (35 ) Total Other Comprehensive Income (b) 418 124 57 203 14 Total Comprehensive Income (a + b) 5,701 7,752 1,579 15,235 15 Profit attributable to: a) Owners of Vedanta Limited 4,224 6,432 1,033 11,602 b) Non-controlling interests 1,059 1,196 489 3,430 16 Other Comprehensive Income/ (Loss) attributable to : a) Owners of Vedanta Limited 393 99 64 110 b) Non-controlling interests 25 25 (7 ) 93 17 Total comprehensive Income attributable to: a) Owners of Vedanta Limited 4,617 6,531 1,097 11,712 b) Non-controlling interests 1,084 1,221 482 3,523 18 Net Profit after taxes, non-controlling interests and share in profit/ (loss) of jointly controlled entities and associates but before exceptional items 4,280 7,013 1,033 12,151 19 Paid-up equity share capital (Face value of ₹ 1 each) 372 372 372 372 20 Reserves excluding Revaluation Reserves as per balance sheet 61,906 21 Earnings per share (₹) (**not annualised) -Basic 11.40 ** 17.37 ** 2.79 ** 31.32 -Diluted 11.31 ** 17.25 ** 2.77 ** 31.13 Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document (₹ in Crore except as stated) Quarter ended Year ended 31.03.2021 S. 30.06.2021 (Audited) 30.06.2020 31.03.2021 No. Segment Information (Unaudited) (Refer Note 2) (Unaudited) (Audited) 1 Segment Revenue a) Zinc, Lead and Silver (i) Zinc & Lead - India 5,217 5,349 3,207 17,550 (ii) Silver - India 1,106 1,350 645 4,382 Total 6,323 6,699 3,852 21,932 b) Zinc - International 1,119 900 374 2,729 c) Oil & Gas 2,485 2,584 1,389 7,531 d) Aluminium 10,263 8,828 6,043 28,644 e) Copper 3,499 3,945 1,377 10,890 f) Iron Ore 1,576 1,727 639 4,528 g) Power 1,225 1,449 1,018 5,375 h) Others 1,641 1,785 1,029 5,377 Total 28,131 27,917 15,721 87,006 Less: Inter Segment Revenue 26 43 34 143 Revenue from operations 28,105 27,874