ESL Steel Receives Two Orders from MCA Regional Director After Settling Board Report Disclosure Violations Under Companies Act:

Vedanta subsidiary ESL Steel has settled Companies Act violations related to Board Report disclosures for FY19 and FY20 after receiving two orders from the MCA Regional Director.

Vedanta Subsidiary Settles Disclosure Violations

Vanshika verma

Nov 4, 2026

Last update on Nov 4, 2026

Vedanta Iron and Steel Limited (VISL) on November 4 informed the stock exchanges that its subsidiary, ESL Steel Limited, has received two orders from the Regional Director, Eastern Region, Ministry of Corporate Affairs, for settling violations of the Companies Act, 2013.

The orders were passed on November 3, 2026, under Section 441 of the Companies Act, 2013. They relate to non-compliance with Section 134(3)(f) of the Act in the company's Board's Reports for the financial years 2018-19 and 2019-20.

The violations were related to disclosures required to be included in the Board's Reports for the respective financial years. The Regional Director has compounded the offences after ESL Steel paid the prescribed compounding fees. With this, the authority has disposed of the company's compounding applications.

VISL said the matters have been settled by the competent authority. The company made the disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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Vanshika verma

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Vanshika Verma is a Content Writer with 1+ year of experience at Studycafe.in. A B.Com graduate from Delhi University, She writes articles on Finance, Tax, ICAI, GST, and the latest financial news, with a focus on making complex topics easy for readers and professionals.