Vedanta Ltd announced that India Ratings and Research Private Limited ("India Ratings") has withdrawn the ratings assigned to the Non-Convertible Debentures ("NCDs") of Vedanta Limited, which were transferred to Vedanta Aluminium Metal Limited ("VAML") following the company's demerger; the debt of VAML is currently rated at IND AA+/Stable. Specifically, India Ratings withdrew the ratings previously assigned to Vedanta Limited's NCDs, which were IND AA-/Rating Watch with Developing Implications within Vedanta Limited's portfolio, and subsequently upgraded to IND AA+/Stable within VAML's portfolio; the detailed rationale from India Ratings, dated August 13, 2026, can be found at https://www.indiaratings.co.in/pressrelease/84847.