BSE Metal Sector Regulatory Filings — October 28, 2026

28-10-2026

Vedanta Limited reported consolidated results for the quarter and half year ended 30 September 2026, with revenue from operations of Rs. 26,356 Crore in the quarter (vs Rs. 16,736 Crore in the corresponding quarter of the prior year) and profit after tax of Rs. 6,202 Crore, while the half year profit after tax was Rs. 14,120 Crore. Results are not fully comparable because the Aluminium, Oil & Gas, Iron Ore and Power businesses were demerged effective 1 May 2026 and are presented as discontinued operations (only April 2026 included), and the consolidated continuing-operations profit for the quarter fell from the prior-year quarter's total despite higher revenue, while standalone results show a loss after tax of Rs. 170 Crore for the quarter. The auditors issued unmodified review conclusions, relying on unreviewed management-certified information for several subsidiaries, and the filing notes ongoing regulatory matters (SEBI observations at a subsidiary, an ED search under FEMA, and short-seller allegations the company considers baseless).

• · Consolidated net profit attributable to owners of Vedanta Limited was Rs. 3,650 Crore for the quarter, versus Rs. 1,798 Crore in the prior-year quarter.
• · Consolidated PBT for the quarter (Rs. 8,390 Crore) was lower than the Q1 FY27 figure of Rs. 10,630 Crore on the segment-results basis, reflecting the demerger effect.
• · Standalone revenue from operations for the quarter was Rs. 8,750 Crore, with a standalone net loss after tax of Rs. 170 Crore.
• · Consolidated net debt-equity ratio stood at 1.15x as at 30.09.2026, improved from 1.19x at 31.03.2026 (total equity fell to Rs. 26,302 Crore after the demerger).
• · Non-controlling interests' share of profit for the quarter was Rs. 2,552 Crore.
• · Auditors relied on unreviewed management-certified information for 1 foreign subsidiary (total assets Rs. 14,994 Crore), 6 Indian subsidiaries (total assets Rs. 734 Crore) and 12 other subsidiaries, associates and joint ventures (total assets Rs. 2,826 Crore), and issued unmodified conclusions.
• · Ministry of Petroleum and Natural Gas approved assignment of participating interests to Vedanta Oil & Gas Limited on 24 July 2026.
• · NCDs outstanding as at 30 September 2026 were Rs. 11,360 Crore, all listed unsecured.

28-10-2026

Vedanta Limited reported record Q2 FY27 consolidated results, with revenue of ₹25,812 crore (up 57% YoY and 10% QoQ), EBITDA of ₹9,938 crore (up 106% YoY) and PAT of ₹6,202 crore (up 151% YoY). Net debt fell by ₹4,624 crore QoQ to ₹3,675 crore, bringing Net Debt/EBITDA to 0.1x, and the Board declared a 1st Interim Dividend of ₹5 per share. Performance was mixed across segments: Zinc International mined metal output fell 12% YoY and Copper International sales fell 74% YoY, while Zinc India, FACOR and Ports posted volume growth.

• · Copper International sales fell 74% YoY to 6 kt, impacted by closure of the Strait of Hormuz; H1 down 64% YoY
• · Zinc International mined metal output down 12% YoY in Q2 and 13% YoY in H1
• · Overall cost of borrowing remained at approximately 8.3% p.a.; $2.15 bn international bonds at 7.4% average coupon and $1.85 bn syndicated term loan at SOFR + 265 bps
• · ICRA and CRISIL reaffirmed AA+/Stable rating; S&P and Fitch at BB/Stable and Moody's at Ba3/Positive for Vedanta Resources
• · Copper International 155 KTPA rod plant at KSA expected to commission in Q3 FY27
• · Demerger effective 1 May 2026 with four new entities listed on NSE and BSE on 15 June 2026
• · Quarterly EBITDA margin excluding copper business 60%, up 1,055 bps YoY

28-10-2026

Vedanta Limited reported record Q2 FY27 results with consolidated revenue of ₹25,812 crore (up 57% YoY and 10% QoQ), EBITDA of ₹9,938 crore (up 106% YoY) and PAT of ₹6,202 crore (up 151% YoY). Net debt fell by ₹4,624 crore QoQ to ₹3,675 crore, with Net Debt/EBITDA at 0.1x, and both ICRA and CRISIL reaffirmed AA+/Stable. However, Copper International sales fell 74% YoY to 6 kt due to the closure of the Strait of Hormuz, Zinc International mined metal production declined 12% YoY, and Q2 finance cost was 9% lower YoY while Other Operating Income dropped 27% QoQ.

• · Zinc International mined metal production was down 13% YoY in H1 FY27 at 102 kt.
• · Copper International H1 sales fell 64% YoY to 16 kt, impacted by the closure of the Strait of Hormuz.
• · Q2 Other Operating Income dropped 27% QoQ to ₹544 crore.
• · Overall borrowing cost remained at approximately 8.3% p.a.; the H1 FY27 bond raise of $2.15 bn carried a 7.4% average coupon.
• · Standalone net debt is $5.2 Bn; the 1st interim dividend is ₹5 per share.
• · Q2 Copper International sales are expected to be supported by commissioning of the 155 KTPA KSA rod plant in Q3 FY27.

28-10-2026

Adani Enterprises Limited submitted its investor presentation on unaudited standalone and consolidated results for Q2 FY27 and H1 FY27 (quarter and half year ended September 30, 2026). Consolidated H1-27 EBITDA reached a record Rs. 11,958 cr, up 56% YoY, driven by copper plant ramp-up and positive commodity price movements, while Core Infra EBITDA was led by Airports. The company's long-term rating was upgraded to AA Stable, its highest ever, though results were impacted by higher operating costs from elevated fuel prices.

• · Consolidated total income grew 62% YoY in H1-27, PBT (excluding exceptional item) grew 45%, while Q2-27 aero revenue at AAHL grew only 12% YoY versus 56% growth in non-aero revenue
• · Results were impacted by higher operating costs from increased fuel prices due to global volatility
• · Mining Services EBITDA declined 19% YoY to Rs. 828 cr
• · Copper plant capacity utilization rose to 64%, with full ramp-up of Navi Mumbai Airport and Ganga Expressway still on the horizon
• · AAHL cargo revenue declined 51% YoY in H1-27 in the 'Others' category, with cargo-specific revenue up 20% YoY
• · AAHL signed binding agreements to raise INR 9,825 crore (~USD 1 Bn) of primary equity from global investors in Sep'26, leaving investors with a 5.54% stake
• · AEL's long-term credit rating upgraded to AA Stable, the highest in its credit history
• · Module line capacity ramp-up in ANIL expected in H2-27; cell line commissioning expected by FY27 year-end
• · Adani ConneX achieved 100% uptime availability across all data centers

28-10-2026

Adani Enterprises Limited filed a clarification correcting the date stated in its covering letter for the outcome of its Board of Directors meeting, changing it from September 28, 2026 to October 28, 2026. The filing is administrative in nature and does not disclose any financial results, deal, or operational development.

• · Scrip codes referenced: BSE 512599 and NSE ADANIENT
• · The corrected Board meeting date is October 28, 2026; the erroneous date was September 28, 2026
• · Filing was signed digitally on October 28, 2026 at 14:30:01 IST

28-10-2026

Adani Enterprises Ltd reported consolidated H1 FY27 revenue of Rs. 71,569 cr (up 62% YoY) and EBITDA of Rs. 11,958 cr (up 56% YoY), its highest-ever half-yearly EBITDA. Q2 FY27 revenue rose 74% YoY to Rs. 38,023 cr and EBITDA rose 62% to Rs. 6,316 cr. However, H1 reported PAT fell 92% YoY to Rs. 332 cr, reflecting a one-time OFAC settlement of Rs. 2,644 cr in Q1 FY27, and Q2 PAT fell 55% YoY to Rs. 1,492 cr against a prior-year exceptional gain.

• · Long-term credit rating upgraded to AA / Stable by CARE, the highest rating in AEL's credit history
• · Airports Q2 FY27 PBT was negative at Rs. (290) cr, reflecting higher depreciation from Navi Mumbai Airport capitalization
• · IRM sales volume fell 34% YoY in Q2 and 35% YoY in H1 FY27
• · Q2 FY27 airport passenger traffic declined 6% YoY to 21.2 Mn; H1 FY27 passenger traffic fell 1% YoY
• · Dispatch volumes in mining services were broadly flat YoY in H1 FY27 (22.5 MMT vs 22.6 MMT)
• · Q2 FY27 ANIL Ecosystem PBT declined 6% YoY; H1 FY27 PBT declined 21% YoY
• · Q2 FY27 PAT decline of 55% partly reflects a Rs. 3,583 cr exceptional gain in the prior-year quarter

28-10-2026

Steel Authority of India Limited (SAIL) has intimated the exchanges (BSE and NSE) that it held a conference call with analysts and investors on 28 October 2026 to discuss its Q2 FY27 results (quarter ended 30 September 2026). The audio recording of the call has been uploaded to the company's investor relations website. The filing itself contains no specific financial figures, so no quantitative performance comparisons can be made from this document.

28-10-2026

Vedanta Limited has filed a notice that the audio recording of its earnings conference call on the unaudited consolidated and standalone financial results for Q2 and H1 FY27 (quarter and half-year ended September 30, 2026) is now available on the company's website. The filing is a regulatory compliance disclosure under SEBI LODR Regulation 30 and Regulation 46(2)(oa) and contains no financial figures.

29-10-2026

Adani Enterprises Limited confirmed that during the quarter ended 30 September 2026 there was no deviation or variation in the utilisation of funds raised through its Qualified Institutional Placement (QIP) of INR 15,000 Crore, which was raised on 9 July 2026. As of 30 September 2026, INR 11,258.58 Crore (approximately 75% of the total) had been utilised, with the audit committee and auditors reporting no comments. Utilisation remains partial, with notable balances still pending across the capex, debt repayment and inorganic growth objects.

• · Capex objects for subsidiaries show the lowest utilisation at about 26% (INR 640.47 Crore of INR 2,450.00 Crore), leaving a significant balance to be deployed.
• · Debt repayment objects are about 87% utilised, with the remaining allocation of about INR 994.90 Crore outstanding.
• · The inorganic growth and general corporate purposes bucket still has about INR 936.71 Crore unutilised.
• · CARE Ratings Limited is the monitoring agency for the QIP proceeds, and the audit committee and auditors both reported no comments.
• · The placement document is dated 7 July 2026 and the funds were raised on 9 July 2026.

29-10-2026

Adani Enterprises Limited confirmed that, for the quarter ended 30 September 2026, there was no deviation or variation in the utilisation of funds raised through its Rights Issue from the objects stated in the Letter of Offer dated 12 November 2025. The company raised INR 24,906.82 Crore (net of issue expenses, per the reconciliation table) across application and two call-money instalments, and the entire amount raised up to 30 September 2026 has been utilised for the stated objects, with the bulk directed to repayment or pre-payment of borrowings and perpetual debt instruments (including Adani Airport Holdings Limited). A monitoring agency (CARE Ratings Limited) is applicable, and the Audit Committee and auditors offered no comments.

• · Funds were received in three instalments: application money on 12 December 2025, first call on 4 February 2026, and second and final call on 24 March 2026
• · Call money of INR 23.48 Crore was yet to be received in the monitoring account as of the reporting date
• · Each partly paid rights equity share had a total issue price of Rs 1,800 (Rs 900 application, Rs 450 first call, Rs 450 second call)
• · Filing made under Regulation 32 of SEBI LODR Regulations, 2015 and SEBI circular CIR/CFD/CMD1/162/2019

29-10-2026

Adani Enterprises Limited filed an intimation with BSE and NSE on October 28, 2026 submitting a weblink to the audio recording of its analysts/investors call held the same day on the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The filing is administrative and does not itself disclose any financial figures, guidance, or performance metrics.

• · Analysts/investors call on unaudited Q2 and H1 FY27 results (quarter and half year ended September 30, 2026) was held on October 28, 2026
• · Audio recording is hosted on the company website under Results-Conference-Call-Transcripts (file Q2-FY27-Audio.mp3)
• · Filing references BSE scrip code 512599 and NSE symbol ADANIENT

28-10-2026

Vedanta Limited's Nomination and Remuneration Committee approved a grant of 99,32,834 performance-based stock options under the VEDL ESOS 2026 scheme to eligible employees, including Key Managerial Personnel and Senior Management. Each option converts into one equity share of face value ₹1 at an exercise price of ₹1 (par value), vesting after 36 months from the grant date subject to performance conditions, and exercisable within 8 months of vesting. The filing is a routine employee compensation disclosure with no direct financial performance data.

• · Options are subject to completion of the performance period and achievement of performance conditions, and include allotment assumed for new joiners
• · Grant made under SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
• · NRC meeting held October 28, 2026, running from 12:30 p.m. to 1:00 p.m. IST

28-10-2026

Adani Enterprises Limited reported consolidated revenue from operations of ₹37,215.62 Cr for Q2 FY27 (quarter ended 30-09-2026), up 75.2% YoY from ₹21,248.51 Cr, but the quarter swung to profit after tax of ₹1,220.99 Cr versus ₹3,414.43 Cr a year earlier, a 64.2% decline, while the half-year PAT turned to a loss of ₹(240.55) Cr versus a profit of ₹4,390.91 Cr. Sequentially, the company posted a net loss of ₹(1,461.54) Cr in Q1 FY27, driven by a ₹2,644.02 Cr OFAC settlement recorded as an exceptional item. The filing also disclosed a ₹15,000 Cr Qualified Institutional Placement and a settlement with the U.S. OFAC.

• · Standalone revenue from operations was ₹5,967.57 Cr in Q2 FY27, up 17.8% YoY from ₹5,066.43 Cr, while standalone PAT fell 71.1% YoY to ₹1,224.45 Cr from ₹4,235.39 Cr.
• · Consolidated half-year revenue from operations rose 62.3% YoY to ₹70,139.60 Cr, while consolidated half-year PAT swung to a loss of ₹(240.55) Cr from ₹4,390.91 Cr.
• · Net Worth on a consolidated basis reached ₹103,713.28 Cr versus ₹89,178.22 Cr at 31-03-2026, while Total Borrowings to Total Equity (Debt Equity Ratio) improved to 0.94 from 0.97.
• · Copper segment revenue rose to ₹14,772.36 Cr in Q2 FY27 from ₹1,358.64 Cr a year earlier, while Road segment revenue fell 73.7% YoY to ₹430.07 Cr from ₹1,663.96 Cr.
• · Commercial Mining segment EBIT was roughly breakeven at ₹0.49 Cr in Q2 FY27 versus a loss of ₹(397.85) Cr a year earlier.
• · Operating cash flow for the half year was ₹6,318.24 Cr (consolidated) versus ₹628.46 Cr a year earlier; standalone operating cash flow was negative at ₹(1,105.04) Cr.
• · Standalone interest service coverage ratio improved to 7.97x in Q2 FY27 from 2.73x a year earlier.
• · Regulatory matters: SEBI disposed of remaining show cause notices via settlement orders dated 22 and 28 Sept 2026; the U.S. EDNY dismissed the DOJ indictment against an executive director on 10 Aug 2026; MIAL faces a CBI chargesheet involving ₹845.76 Cr of alleged diverted funds, with no adjustments made to results.

28-10-2026

Adani Enterprises Ltd reported H1 FY27 consolidated revenue of Rs. 71,569 cr (up 62% YoY) and EBITDA of Rs. 11,958 cr (up 56% YoY), its highest-ever half-yearly EBITDA. Q2 FY27 revenue rose 74% YoY to Rs. 38,023 cr and EBITDA rose 62% to Rs. 6,316 cr. However, H1 reported PAT fell 92% YoY to Rs. 332 cr, and Q2 PAT fell 55% to Rs. 1,492 cr, reflecting the one-time OFAC settlement of Rs. 2,644 cr in Q1 FY27 and a prior-year exceptional gain.

• · AEL received a long-term credit rating upgrade to AA / Stable from CARE, its highest rating in credit history
• · Q2 FY27 ANIL Ecosystem total income rose 15% YoY to Rs. 3,669 cr, but EBITDA fell 7% and PBT fell 6%
• · Airports Q2 FY27 PBT swung to a loss of Rs. (290) cr versus Rs. 99 cr a year earlier, reflecting higher depreciation from Navi Mumbai Airport capitalization
• · IRM sales volume declined 34% YoY in Q2 FY27 and 35% in H1 FY27
• · Mining Services dispatch was flat YoY in H1 FY27 at 22.5 MMT
• · Airport passenger movement fell 6% YoY in Q2 FY27 and 1% in H1 FY27