Vedanta’s BIG Statement on ED Searches, Says FEMA Related Probe Concluded With No Penalty, No Restriction

ED Searches On Vedanta Offices: The Enforcement Directorate (ED) probe under the Foreign Exchange Management Act (FEMA) concluded with no penalty or restriction on the company, said Vedanta Limited on Thursday, June 4. The metal to mining conglomerate said that the ED probe under FEMA began on June 1 and concluded on June 3.

The recent ED probe at different Vedanta premises across the country came as the metal giant is on track to execute the demerger process. The Anil Agarwal-led conglomerate is in the process of demerging four entities and listing them on exchanges.

Vedanta Statement on ED Investigation

In its BSE filing released during the market hours, Vedanta informed the exchange about ED investigation start and conclusion time. It also informed the status of penalty or restriction post ED probe and the financial impact of the development.

"The Search operation was conducted by the Directorate of Enforcement at premises of the Company, initiated on June 01, 2026 at 12:15 PM IST and concluded on June 03, 2026 at 9:55 PM IST," read Vedanta's BSE filing which also informed that the ED search was conducted under the provisions of the Foreign Exchange Management Act, 1999.

ED Search At Vedanta Premises: Status Of Penalty Or Restriction

'No such penalty or restriction has been imposed,' by the ED post its investigation. The Group also mentioned that Vedanta officers fully cooperated with ED investigation and provided all the mandatory documents that were sought by the ED officials.
Vedanta also denied any financial, operational impact of ED searches at its premises.

ED Searches At Vedanta Premises

The Vedanta Group had earlier confirmed that ED had carried out searches at multiple premises of Vedanta, including Delhi and Rajasthan. The investigation was linked to alleged contraventions under FEMA's civil provisions.

Vedanta Share Price Trend

Vedanta share price closed 0.24% lower at Rs 327.45 per share on BSE with a market capitalisation of Rs 1,28,045.66 crore on Thursday. The stock had touched an intraday high of Rs 330.85 per share and an intraday low of Rs 325 per share. Vedanta share price has declined more than 8% in five days. However, the stock has delivered close to 11% returns in one month.

Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.