Vedanta Limited

rs,

22 ('Financial Results'); 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 and 52 of the Securit

595 Crore

sion of Rolled Product Capacity at Ba/co from existing 50 KTPA to 180 KTPA at a revised cost of if 595 Crores. With the completion of this project, Ba/co will be placed in high premium product segment. Exp

8,094 Crore

way of Expansion Project of 414 KTPA Smelter with improved VAP portfolio, at a revised cost of if8,094 Crores approx., subject to requisite Government approvals. VEDANTA LIMITED REGISTERED OFFICE: Vedanta

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lock 'B', 3rd Floor, Kolkata·700 016 S.R. BArL1B01 & Co. LLP Chartered Accountants Other Matters 6. The accompanying Statement includes the unaudited interim financial results and other financial

Rs. 22,118 crore

respect of: • 13 subsidiaries, whose unaudited interim financial results include total assets of Rs. 22,118 crore as at September 30, 2022, total revenues of Rs 3,432 crore and Rs 6,367 crore, total net profit af

Rs 3,432 crore

ncial results include total assets of Rs. 22,118 crore as at September 30, 2022, total revenues of Rs 3,432 crore and Rs 6,367 crore, total net profit after tax of Rs. 368 crore and Rs. 646 crore, total comprehen

Rs 6,367 crore

de total assets of Rs. 22,118 crore as at September 30, 2022, total revenues of Rs 3,432 crore and Rs 6,367 crore, total net profit after tax of Rs. 368 crore and Rs. 646 crore, total comprehensive income of Rs.

Rs. 368 crore

ember 30, 2022, total revenues of Rs 3,432 crore and Rs 6,367 crore, total net profit after tax of Rs. 368 crore and Rs. 646 crore, total comprehensive income of Rs. 254 crore and Rs. 657 crore, for the quarter

Rs. 646 crore

tal revenues of Rs 3,432 crore and Rs 6,367 crore, total net profit after tax of Rs. 368 crore and Rs. 646 crore, total comprehensive income of Rs. 254 crore and Rs. 657 crore, for the quarter ended September 30

Rs. 254 crore

rore, total net profit after tax of Rs. 368 crore and Rs. 646 crore, total comprehensive income of Rs. 254 crore and Rs. 657 crore, for the quarter ended September 30, 2022 and the period ended on that date resp

Rs. 657 crore

ofit after tax of Rs. 368 crore and Rs. 646 crore, total comprehensive income of Rs. 254 crore and Rs. 657 crore, for the quarter ended September 30, 2022 and the period ended on that date respectively, and net

Rs. 787 crore

r ended September 30, 2022 and the period ended on that date respectively, and net cash inflows of Rs. 787 crore for the period from April 01, 2022 to September 30, 2022, as considered in the Statement which hav

“(a) Items that will be reclassified to profit or loss (1,208) 2,763 (220) 1,555 (b) Tax benefit/ (expense) on items that will be reclassified to profit or loss Total Other Comprehensive (Loss)/ Income (b) 14 Total Comprehensive Income (a+ b)”

“The Company was also in the process of expanding its capacities at an adjacent site ("Expansion Project").”

“The High Court of Madras, in a Public Interest Litigation, held that the application for renewal of the Environmental Clearance ("EC") for the Expansion Project shall be processed after a mandatory public hearing and in the interim, ordered the Company to cease construction and all other activities on the site with immediate effect.”

“In the meanwhile, State Industries Promotion Corporation of Tamil Nadu ("SfPCOT") cancelled the land allotted for the Expansion Project, which was later stayed by the Madras High Court.”

“The Company was also in the process of expanding its capacities at an adjacent site ("Expansion Project").”

“The High Court of Madras, in a Public Interest Litigation, held that the application for renewal of the Environmental Clearance ("EC") for the Expansion Project shall be processed after a mandatory public hearing and in the interim, ordered the Company to cease construction and all other activities on the site with immediate effect.”

“In the meanwhile, State Industries Promotion Corporation of Tamil Nadu ("SIPCOT") cancelled the land allotted for the Expansion Project, which was later stayed by the Madras High Court.”

“This presentation should not be relied upon as a recommendation or forecast by Vedanta Resources Limited and Vedanta Limited and any of their subsidiaries.”

“✓ Being used in SK1 and RA2 mines ✓ Solos3 16 running from surface ✓ 7 km drilled in Sep’22 Tele-remote mode Operator Tele-remote drilling tool MIC (kT) 0.95 0.91 MIC Impact per month > 0.73 0.75 0.77 0.50 April'22 May'22 June'22 July'22 Aug'22 Sep'22 Next Step > Target to drill 8 Km/month using Tele remote drilling facility in FY23 Vedanta Limited 2QFY23 Investor Presentation Sensitivity: Internal (C3) 1.”

“TcRc lower by 6%YoY Gamsberg phase 2: ▪ Project progress on track of completion by 2H FY24 ▪ Mining contractor appointment is scheduled 3Q FY23 Vedanta Limited 2QFY23 Investor Presentation Sensitivity: Internal (C3) MIC: Metal in concentrate; COP: Cost of production 19 Oil & Gas: lower production was partially offset by infill wells; focused on delivery of growth projects Gross production (kboepd) 165 148 140 165 144 2Q FY22 1Q FY23 2Q FY23 1H FY22 1H FY23 Opex ($/boe)”

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3

Notes

3

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2

The main business segments are

2

Quarterly

2

Half Yearly

2

ICA

1

Profit attributable to

1

Adjustments for

1

Net tax benefit on exceptional items

1

ICA

tered Accountants m registration number: 301003E/E300005 per Vikas Pansari Partner Membership No. : 093649 UDIN : 22.0CJ 3649 8 BA Z.SV 8117 New Delhi October 28 , 2022 S.R. BATLIBOI & Co. LLP Chartered Accountants Annexure 1 to our report dated October 28, 2022 on the consolidated financial results of Vedanta Limited for quarter and half year ended September 30, 2022 List of subsidiaries/associates/ joint ventures Subsidiaries S. No. Name 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 Bharat Aluminium Company Limited (BALCO) Copper Mines of Tasmania Pty Limited (CMT) Fujairah Gold FZE Hindustan Zinc Limited (HZL) Monte Cello BV (MCBV) Sesa Resources Limited (SRL) Sesa Mining Corporation Limited Thalanga Copper Mines Pty Limited (TCM) MALCO Energy Limited (MEL) Lakomasko B. V. THL Zinc Ventures Limited THL Zinc Limited Talwandi Sabo Power Limited THL Zinc Namibia Holdings (Pty) Limited (VNHL) Skorpion Zinc (Pty

Profit attributable to

15 a) Owners of Vedanta Limited b) Non-controlling interests 16 Other Comprehensive (Loss)/ Income attributable to: a) Owners of Vedanta Limited b) Non-controlling interests 17 Total Comprehensive Income attributable to: a) Owners of Vedanta Limited b) Non-controlling interests 18 Net Profit after taxes, non-controlling interests and share in (loss)/ profit of jointly controlled entities and associates but before exceptional items 687 (757) (6) (70) (505) 2,182 1,808 879 (296) (209) 1,512 670 1,969 7,562 4,421 1, 172 1,754 215 6, 175 1,387 (213) 5,599 4,615 1, 197 ( 181) (32) 4,434 l , 165 1,464 9,744 6,229 2,051 1,458 6 7,687 2,057 1,424 4,421 4,677 5,845 9,019 19,279 19 Paid-up equity share capital (Face value on l each) 372 372 372 372 372 372 20 21 Reserves excluding revaluation reserves as per balance sheet Earnings per share (~) (*not annualised) -Basic -Diluted 65 ,0 11 4.88 * 4.85 * 11.92 * 11.84 * 12.46 * 12.38 * 16.79 * 16.69 * 23 .85 * 23.70 * 50.73 50.38 47 (2) 151 9 205 (3

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Total Inter Segment Revenue Revenue from operations 2 a) b) c) d) e) t) g) h) Segment Results (EBITDA) ; Zinc, Lead and Silver Zinc - International Oil & Gas Aluminium Copper Iron Ore Power Others Total Segment results (EBITDA)

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Other income, net of expenses ii Finance costs Other unallocable income, net of expenses Profit before exceptional items and tax

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Net exceptional gain/(loss) (Refer note 3) 3 a) b) c) d) e) t) g) h) i) Profit before tax Segment assets Zinc, Lead and Silver - India Zinc - International Oil & Gas Aluminium Copper Iron Ore Power Others Unallocated Total 30.09.2022 (Unaudited) Quarter ended 30.06.2022 (Unaudited) Half year ended 30.09.2021 (Unaudited) 30.09.2022 (Unaudited) 30.09.2021 (Unaudited) (? in Crore) Year ended 31.03.2022 (Audited) 6,999 1,079 8,078 1,440 3,869 13,486 4,011 1,506 1,844 2,245 36,479 242 36,237 4,342 591 2,018 761 15 213 141 (43) 8,038 2,624 (27) * 1,642 385 4,130 234 4,364 23,541 6,300 29,922 63,632 5,062 5,504 17,337 10,110 40,675 8,066 1,109 9,175 1,459 4,083 14,644 4,215 1,367 1,770 1,856 38,569 318 38,251 5,230 589 2,08I 2,251 ( 14) 363 81 160 10,741 2,464 3 * 1,206 186 7,260 - 7,260 24,452 6,859 26,983 65,340 5,898 5,182 17,296 9,823 47,826 4,914 983 5,897 1,044 2,892 12,119 3,560 1,492 1,276 1,832 30,112 64 30,048 3,280 299 1,384 4,647 (38) 559 264 187 10,582 2,118 61 1,066 444 7,903 (9

The main business segments are

(a) Zinc, Lead and Silver - India, which consists of mining ofore, manufacturing of zinc and lead ingots and silver, both from own mining and purchased concentrate. Additional intra segment information ofrevenues for the Zinc & Lead and Silver segment have been provided to enhance understanding of segment business; (b) Zinc - International, which consists of exploration, mining, treatment and production of zinc, lead, copper and associated mineral concentrates for sale; (c) Oil & Gas, which consists of exploration, development and production of oil and gas; (d) Aluminium, which consist of mining of bauxite and manufacturing of alumina and various aluminium products; ( e) Copper, which consist of mining of copper concentrate, manufacturing of copper cathode, continuous cast copper rod, anode slime from purchased concentrate and manufacturing of precious metal from anode slime, sulphuric acid and phosphoric acid (Refer note 5); (f) Iron ore, which consists of mining ofore and manufacturi