Vedanta Resources PLC Vedanta Limited Board update (5301H)
March 13 2018 - 5:06AM
UK Regulatory
TIDMVED
RNS Number : 5301H
Vedanta Resources PLC
13 March 2018
Vedanta Resources plc
16 Berkeley Street
London W1J 8DZ
Tel: +44 (0) 20 7499 5900
Fax: +44 (0) 20 7491 8440
www.vedantaresources.com
13 March 2018
Vedanta Resources plc
Updates by Vedanta Limited
Vedanta Resources plc's subsidiary Vedanta Limited today made
the below announcement on additions to the Board.
Vedanta Limited
SEBI's former Chairman, U.K. Sinha joins Vedanta Limited
Board
Vedanta Limited announced that the Board of Directors in their
meeting held on March 13, 2018 approved the appointment of Mr. U.K.
Sinha as a Non-Executive Independent Director with effect from
close of business hours on March 13, 2018.
Mr. Sinha who has earlier served as the Chairman of Securities
and Exchange Board of India (SEBI) from February 2011 to March 1,
2017 has been instrumental in bringing about key capital market
reforms. Under his leadership, SEBI introduced significant
regulatory amendments to the various acts enhancing corporate
governance and disclosure norms. Prior to SEBI, he was the Chairman
& MD of UTI Asset Management Company Pvt. Ltd. and has also
worked for Department of Economic Affairs at Ministry of
Finance.
Speaking on the development, Mr. Navin Agarwal, Chairman Vedanta
Limited, said, "We warmly welcome Mr. UK Sinha on the Board. Mr.
Sinha is an architect of strong regulatory regime for India's
capital markets. As a corporate with highest standards of corporate
governance and ethics, we believe, this will be a befitting
association."
Mr. U.K. Sinha said "In the current environment, with greater
emphasis on disclosure and governance for corporate India, I am
glad to contribute to Vedanta Limited achieving greater levels in
its corporate governance practices"
Vedanta Limited is a diversified natural resources company,
whose business primarily involves producing oil & gas, zinc -
lead - silver, aluminium, copper, iron ore and commercial power. It
has a portfolio of world-class, low-cost, scalable assets.
Vedanta Limited is listed on the Bombay Stock Exchange and the
National Stock Exchange in India. The company is in the Nifty 50
Index and has ADRs listed on the New York Stock Exchange.
For further information, please contact:
Communications Finsbury
Arun Arora Daniela Fleischmann
Head, Corporate Communications Tel: +44 20 7251 3801
Tel: +91 124 459 3000
gc@vedanta.co.in
Investors
Rashmi Mohanty Tel: +44 20 7659 4732
Director - Investor Relations Tel: +91 22 6646 1531
ir@vedanta.co.in
Sunila Martis
Associate General Manager
- Investor Relations
Veena Sankaran
Manager - Investor Relations
About Vedanta Resources
Vedanta Resources plc ("Vedanta") is a London listed diversified
global natural resources company. The group produces aluminium,
copper, zinc, lead, silver, iron ore, oil & gas and commercial
energy. Vedanta has operations in India, Zambia, Namibia, South
Africa, Ireland and Australia. With an empowered talent pool
globally, Vedanta places strong emphasis on partnering with all its
stakeholders based on the core values of trust, sustainability,
growth, entrepreneurship, integrity, respect and care. To access
the Vedanta Sustainable Development Report 2017, please visit
http://www.vedantaresources.com/media/214366/vedanta_sd_report_2016-17.pdf.
For more information on Vedanta Resources, please visit
www.vedantaresources.com
Disclaimer
This press release contains "forward-looking statements" - that
is, statements related to future, not past, events. In this
context, forward-looking statements often address our expected
future business and financial performance, and often contain words
such as "expects," "anticipates," "intends," "plans," "believes,"
"seeks," "should" or "will." Forward-looking statements by their
nature address matters that are, to different degrees, uncertain.
For us, uncertainties arise from the behaviour of financial and
metals markets including the London Metal Exchange, fluctuations in
interest and/or exchange rates and metal prices; from future
integration of acquired businesses; and from numerous other matters
of national, regional and global scale, including those of a
political, economic, business, competitive or regulatory nature.
These uncertainties may cause our actual future results to be
materially different that those expressed in our forward-looking
statements. We do not undertake to update our forward-looking
statements.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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