Johnson Controls Acquires Nantum AI To Accelerate AI-Driven Energy Optimization And Control Capabilities Within OpenBlue

* Acquisition expands Johnson Controls’ AI-powered offerings to help customers further reduce energy use, emissions and operating costs

* Nantum AI’s algorithms add a new layer of advanced control capabilities to OpenBlue’s existing energy optimization performance

Johnson Controls (NYSE: JCI), a global technology leader in energy efficiency, decarbonization, thermal management and mission-critical performance, today announced the acquisition of Nantum AI, a New York-based company specializing in AI algorithms to help businesses unlock energy savings, enhance system controls and improve operational efficiency. The acquisition strengthens the Johnson Controls OpenBlue digital ecosystem by adding proven, proprietary AI-driven algorithms that further optimize HVAC performance and reduce energy consumption.

Nantum AI will expand capabilities within the Johnson Controls OpenBlue digital ecosystem to optimize real-time airflow in buildings based on occupancy for customers across industries. Together with existing offerings that drive efficiencies at the central HVAC chiller plant, these capabilities will support more comprehensive optimization of HVAC systems across complex facilities such as healthcare campuses and advanced manufacturing environments. The first combined offering is currently being piloted.

“We’re entering the next phase of the industrial revolution, where digital intelligence is as critical as the physical systems themselves, and the companies that leverage the power of AI to streamline processes, cut costs and unlock new customer value will win,” said Vijay Sankaran, Chief Digital and Information Officer at Johnson Controls. “With the addition of Nantum AI, we’re helping our customers better reduce energy use, manage complexity and run more resilient, efficient facilities.”

By extending intelligence across the full HVAC system, Johnson Controls is expanding OpenBlue’s world-class water-side optimization capabilities to include autonomous, AI-driven control across air- and water-side applications. This addition enhances OpenBlue’s ability to help building operators make more informed, automated decisions that improve energy efficiency while maintaining comfort and reliability.

“Artificial intelligence has enormous potential to improve how buildings operate and, with energy demand and costs continuing to climb, leveraging it to increase energy efficiency is a business imperative,” said Michael Rudin, board member of Prescriptive Holdings LLC. “Nantum AI is already delivering more than 10% energy savings for customers and we are pleased to see how our algorithms complement Johnson Controls’ existing deep building expertise.” Nantum AI is owned by Prescriptive Holdings, LLC.

Nantum AI will add to Johnson Controls’ growing portfolio of AI-powered building solutions delivering efficiency recommendations and enhanced control across air handling units, fans and other air circulation equipment. By adding this layer on top of a traditional building automation system, building operators can leverage data from internal and external sources like weather patterns and utility bill trends – allowing for more sophisticated efficiency recommendations and execution without compromising occupant comfort. 

Apollo Hospitals Scales Integrated Geriatric Care With ‘Seniors First’ Expansion Across Bengaluru

Apollo Hospitals, Bengaluru, today announced the expansion of Apollo Seniors First, a comprehensive geriatric care program designed exclusively for senior citizens, marking a significant step toward more structured and coordinated elder care in India. Following its initial rollout at Bannerghatta Road, the program will now be available across Apollo Hospitals’ Jayanagar, Sheshadripuram, and Sarjapur units, expanding access to integrated senior care across the city.

The launch also commemorates one year of the program at Bannerghatta, where it has helped establish a more continuous and patient-centric approach to senior healthcare—moving beyond episodic treatment toward long-term health management and recovery support.

At a time when India’s elderly population is growing rapidly, healthcare systems continue to face challenges in addressing the complex and evolving needs of seniors. Many older adults live with multiple chronic conditions, require frequent hospital visits, and depend on fragmented care systems that often lack coordination between hospital, home, and follow-up care. This gap not only impacts clinical outcomes but also places a significant burden on caregivers and families.

It is within this context that Seniors First has been designed—as a structured, multidisciplinary program that brings together preventive care, proactive wellness, and post-procedure recovery into a single, connected ecosystem. Built on Apollo’s four decades of clinical expertise, the program integrates multidisciplinary medical teams, personalized health plans, continuous monitoring, and seamless hospital-to-home transitions to support seniors at every stage of their healthcare journey.

Adding a clinical perspective, Dr. Steve Paul, Geriatric Specialist, noted, “Geriatric care requires a shift from reactive treatment to proactive and preventive health management. Seniors First is designed to anticipate risks, reduce complications, and provide structured recovery pathways, helping patients maintain independence and quality of life for longer.”

Speaking on the expansion, Mr. Akshay Oleti, CEO, Karnataka Region, Apollo Hospitals, said, “With Seniors First, we are reimagining how care is delivered to senior citizens. The focus is on continuity—ensuring that care does not end at discharge but continues through recovery and long-term wellness. This integrated approach enables better health outcomes while also supporting families and caregivers.”

The program offers a comprehensive range of services that extend across the continuum of care—from preventive health assessments and personalized wellness plans to chronic disease management and rehabilitation following major medical procedures. Seniors recovering from orthopaedic surgeries such as knee and hip replacements, cardiac interventions including bypass surgery and angioplasty, neurological conditions such as stroke and Parkinson’s disease, and oncology treatments including chemotherapy and surgical recovery, benefit from structured care pathways tailored to their individual health status and level of frailty.

A key strength of Seniors First lies in its ability to deliver coordinated care beyond the hospital setting. The program brings together Apollo’s broader healthcare ecosystem—including hospital services, home healthcare, diagnostics, pharmacy support, and digital health platforms—ensuring continuity of care through every stage of treatment and recovery. Seniors and their caregivers are supported through dedicated helplines, concierge services, priority access to consultations and admissions, round-the-clock medical guidance, and emergency coordination, making care more accessible, responsive, and seamless.

By addressing longstanding gaps in geriatric care—particularly the lack of integration, limited home-based support, and absence of structured recovery programs—Apollo Seniors First sets a new benchmark for elder care delivery in India. With its expansion across Bengaluru, Apollo Hospitals reinforces its commitment to enabling seniors to age with dignity, independence, and confidence.

About Apollo Hospitals

Apollo revolutionized healthcare when Dr. Prathap Reddy opened the first hospital in Chennai in 1983. Today, Apollo is the world’s largest integrated healthcare platform with over 10,400 beds across 79 hospitals, 6,800+ pharmacies, 2,900+ clinics, 500+ telemedicine centres. It is one of the world’s leading cardiac centers, having performed over 3,00,000 angioplasties and 5,00,000 surgeries. Apollo continues to invest in research and innovation to bring the most cutting-edge technologies, equipment, and treatment protocols to ensure patients have access to the best care in the world. Apollo’s 1,20,000 family members are dedicated to delivering exceptional care and leaving the world better than we found it. 

Lights, Camera, Singapore! Farah Khan Reveals A Different Side Of The City With Klook

*Klook India's new summer campaign follows Farah Khan as she rediscovers a city she thought she knew, and proves that the best holidays hold room for both the expected and the unexpected

*The digital-first campaign begins with a trailer now live on Instagram, ahead of the full brand film release.

Klook India has announced its association with acclaimed filmmaker and personality Farah Khan for its new summer travel campaign, inviting Indian travellers to rediscover familiar destinations through fresh, unexpected experiences.

Joining Klook's world of joy and discovery, Farah Khan returns to Singapore, a destination she has visited before but, as the video playfully reveals, never quite like this. She is accompanied by Dilip — her personal chef and trusted companion in all things adventurous, for whom the city is entirely new. It is a pairing that works precisely because of the contrast: Farah, the seasoned traveller who arrives with assumptions; and Dilip, who arrives with none.

The campaign taps into a travel truth that many Indian travellers will recognise. Even when visiting much-loved destinations, holidays often follow the same familiar routes, recommendations, and itineraries. With this campaign, Klook encourages travellers to look beyond the obvious and make room for experiences that are planned, spontaneous, iconic, local, expected, and unexpected - all in one place.

The digital-first campaign opens with a trailer now live on Klook India’s Instagram handle, offering a first glimpse into Farah Khan’s upcoming travel story, accompanied by her trusted chef Dilip. This will be followed by three short-form episodes, each capturing their travels through Singapore, with the full brand film to be released early May across Klook India’s Instagram and YouTube handles.

As Asia’s leading travel experiences platform, Klook enables travellers to book a wide range of experiences before and during their trips, making it easier to discover more of a destination — whether it is a popular attraction, a local hidden gem, a last-minute plan, or something entirely new.

"Indian travellers today are more informed and more inspired than ever, yet most holidays still end up looking remarkably similar. The algorithm recommends, the crowd follows, and the holiday becomes a copy of someone else's experience. We believe the most rewarding journeys begin where the top-ten list ends, and this campaign is our invitation to every traveller to trust their own curiosity," says Shivam Tyagi, Marketing Lead, Klook India & Middle East.

Tyagi adds, "Farah brings the eye of someone who has seen the world and still finds wonder in it; and Dilip, the unbridled excitement of someone experiencing it all for the very first time. Together, they capture exactly what Klook stands for: no matter where you are on your travel journey, there is always something new, something unexpected, something that makes you feel alive. This campaign is for every traveller who has ever come home thinking - I wish I'd done more of that."

The Indian Traveller Has Moved On. Has Your Holiday?

Klook’s latest Travel Pulse Study reveals that the way Indian travellers approach their holidays is shifting. Travellers are increasingly open to discovering activities while already at the destination, making spontaneous decisions on the go, and seeking local recommendations after they arrive.

Nearly 2 in 5 Indian travellers actively seek out lesser-known alternatives in addition to popular tourist spots regularly, with Gen Z leading the way. Nearly 1 in 2 Millennial travellers say they would rather spend longer in fewer places in order to truly connect with local culture.

These are travellers who have done the landmarks and are now asking what else a destination has to offer. Klook, with its breadth of planned highlights, hidden local gems, spontaneous bookings, and in-trip discoveries, is built to help travellers answer that question.

With the summer campaign now live, Klook India invites travellers to look again at the destinations they think they know — and discover how much more there is to experience.

About Klook - Klook is a leading pan-regional experiences platform in Asia Pacific, purpose built to digitalise experiences and make them accessible to every traveller. We curate quality experiences ranging from attractions and tours to local transport and experiential stays, in over 2,700 destinations globally.

Founded in 2014, Klook is here to inspire and enable more moments of joy for travellers anytime, anywhere. We operate a mobile-first, curated platform featuring diverse experiences across global destinations. 

This Summer, Mother Dairy Serves Up 30+ New Reasons To Indulge; Introduces Category-First Formats & Flavours

· Mother Dairy’s new offerings are anchored across key consumer spaces of indulgence, health, convenience and regional relevance, catering to consumers across age groups, evolving lifestyles and consumption occasions.

· The company is eyeing a growth of more than 30% across key categories as summer demand gathers momentum across the country.

· The newly introduced products will be rolled out in a phased manner across both traditional and new-age distribution platforms and will be supported by high-impact campaigns to amplify summer excitement.

As temperatures rise, so does the craving for all things cool, indulgent, and refreshing. This summer, Mother Dairy, India’s beloved milk and milk products brand, is dialling up the cool quotient like never before. The brand today announced a robust pipeline of more than 30 new offerings across its value-added dairy products portfolio, which will be introduced in a phased manner over the season.

Anchored across key consumer spaces of indulgence, health, convenience and regional relevance, Mother Dairy’s summer portfolio brings together a diverse and exciting range of products for consumers across age groups and evolving lifestyles. In ice creams, the brand is driving excitement with around 20 new offerings, led by industry-first Two-in-One Matka and Tub formats, a premium ‘Crafted’ range, and youthful flavours such as the Cream Cheese Pistachio Cone and Kulfi Cassata. The brand is also introducing a new range of low-calorie ice creams under ‘Go-Low’ sub-brand, debuting in three delightful flavours of Choco Almond, Shahi Mewa, and Kesar Pista Tilla Kulfi.

Strengthening its regional connect, Mother Dairy is expanding its fresh dairy portfolio with products like Jamun Yoghurt and Bhuna Jeera Raita, alongside new category such as Shrikhand in three new delectable flavours will be introduced for the western markets and Meethi Dahi for key northern markets. In parallel, the company will also expand its UHT milk portfolio with Cow Milk and Standardised Milk in markets such as Jammu & Kashmir, catering to the growing demand for convenient, long shelf-life options.

Additionally, Mother Dairy’s ‘Pro’ range of high-protein offerings is being strengthened with Procurd and Propaneer – high protein curd and paneer variants, respectively – reinforcing the brand’s focus on evolving nutrition needs while delivering on taste and quality.

Talking about the new offerings, Mr. Jayatheertha Chary, Managing Director, Mother Dairy, said, “Building on our strong legacy of bringing together taste, nutrition and innovation, we are excited to unveil our expansive summer portfolio this year. Product innovation continues to be a key driver of our growth strategy, and these new introductions reflect our commitment to staying ahead of evolving consumer needs across age groups and consumption occasions, with each product thoughtfully crafted to make everyday indulgence more exciting and memorable. With rising temperatures across the country, we anticipate more than 30% growth across key categories.”

The newly introduced products will be made available across the company’s markets through both traditional and new-age distribution channels in a phased manner. Mother Dairy also has plans to roll out high-impact campaigns across ice creams, flavoured milk and more, aimed at amplifying seasonal excitement – especially among younger audiences – while deepening consumer engagement across markets.

About Mother Dairy Fruit & Vegetable Pvt. Ltd.

Mother Dairy was commissioned in 1974. It is now a wholly owned subsidiary of the National Dairy Development Board (NDDB). It was established under the initiative of ‘Operation Flood’, world's biggest dairy development program launched to make India a milk sufficient nation. Today, Mother Dairy is a leading dairy player which manufactures, markets & sells milk and milk products including cultured products, ice creams, paneer, ghee, etc. under the ‘Mother Dairy’ brand. The Company also has a diversified portfolio with products in edible oils under the ‘Dhara’ brand and fresh fruits & vegetables, frozen vegetables & snacks, pulps & concentrates, etc. under the ‘Safal’ brand. Through its brands, the company has a national footprint across all major cities in India. Mother Dairy, for over 5 decades, has harnessed the power of farmer-based institutions to deliver a range of delicious products to every household. 

Recharge Anytime, Anywhere: Safal & Tara Sutaria Show The #TheSafalWayToRecharge

· Safal’s newly introduced campaign aims to position packaged coconut water as an everyday essential rather than a situational beverage, offering a guilt-free way to recharge

· The DVC captures a relatable moment, positioning Safal’s packaged Coconut Water as the right way to refresh across any occasion.

· The campaign is being amplified through digital platforms, ensuring strong visibility and engagement.

From rising temperatures to post-workout cooldowns, shopping breaks, casual outings, or moments on the move – today’s lifestyles demand refreshment that is quick, convenient, and better-for-you. Reinforcing this evolving need, Safal, the horticulture arm of Mother Dairy, has rolled out a new campaign for its packaged Coconut Water, featuring Tara Sutaria, positioning it as #TheSafalWayToRecharge – your go-to way to refresh, anytime, anywhere.

The newly introduced campaign, conceptualised by Ogilvy, highlights how Safal’s packaged Coconut Water enables people to recharge the right way – naturally, conveniently, and without additional calories. The month-long campaign is led by a DVC and is being amplified through Safal’s digital platforms, ensuring strong visibility and engagement.

Talking about the new campaign, Mr. Jayatheertha Chary, Managing Director, Mother Dairy, said, “In today’s world, as consumers increasingly seek convenient ways to recharge through the day, the need for quick and natural options has become more pronounced. With this new campaign, we are introducing a distinct positioning for packaged coconut water – shifting it from a situational beverage to one that fits seamlessly into multiple moments through the day. #TheSafalWayToRecharge showcases a quick, natural and guilt-free way to recharge – the right way, anytime, anywhere, across everyday moments.”

DVC Execution

The DVC opens with Tara seeking a break from an exhausting shopping spree, visibly in need of a quick recharge. Just then, a friend hands her a pack of Safal Coconut Water – offering an instant, natural refresh. As she sips, the moment transforms into one of renewed energy, reinforcing the idea that recharging doesn’t have to be complicated – it can be quick, convenient, natural and done the right way.

The DVC can be viewed at: https://www.youtube.com/watch?v=ldfiTC6G9Gk

Safal introduced its packaged Coconut Water in 2025, bringing a convenient and natural offering to consumers. Each pack of Safal Coconut Water contains 100% tender coconut water with no added sugar, sourced directly from Tamil Nadu, ensuring consistent taste and uncompromised quality.

About Mother Dairy Fruit & Vegetable Pvt. Ltd.

Mother Dairy was commissioned in 1974. It is now a wholly owned subsidiary of the National Dairy Development Board (NDDB). It was established under the initiative of ‘Operation Flood’, world's biggest dairy development program launched to make India a milk sufficient nation. Today, Mother Dairy is a leading dairy player which manufactures, markets & sells milk and milk products including cultured products, ice creams, paneer, ghee, etc. under the ‘Mother Dairy’ brand. The Company also has a diversified portfolio with products in edible oils under the ‘Dhara’ brand and fresh fruits & vegetables, frozen vegetables & snacks, pulps & concentrates, etc. under the ‘Safal’ brand. Through its brands, the company has a national footprint across all major cities in India. Mother Dairy, for over 5 decades, has harnessed the power of farmer-based institutions to deliver a range of delicious products to every household. 

Axis Finance Limited Announces INR 2,250 Crore Primary Capital Raise From Axis Bank And Kedaara Capital

Axis Finance Limited (“AFL”), a non-banking financial company and wholly-owned subsidiary of Axis Bank, today announced an INR 750 crore primary capital raise from Kedaara Capital via a preferential issuance. This is in addition to the INR 1,500 crore primary raise via a rights issue that was approved by Axis Finance’s Board of Directors on April 17, 2026. This landmark capital raise is AFL’s largest primary raise till date; as well as its first ever raise from an external investor. Kedaara Capital’s primary infusion remains subject to customary regulatory approvals.

This transaction will significantly bolster the company’s capital base and propel its next phase of growth, further deepening credit penetration in India. With this primary infusion, AFL’s Tier 1 capital and capital adequacy (CRAR) will get enhanced. AFL is well-positioned to continue building a leading diversified lending platform at scale, addressing credit needs across the spectrum of Retail, MSME and Wholesale segments. With a strong presence across both secured and unsecured lending, Axis Finance aspires to be the preferred financier for enterprises in India, reinforcing its position as one of the leading MSME-focused lenders in the country.

Amitabh Chaudhry, MD & CEO, Axis Bank, said, “Over the years, Axis Finance has built a high-quality lending franchise anchored in strong governance and disciplined risk management. This capital infusion underscores our long-term commitment to strengthening Axis Finance as an integral part of Axis Group. It positions the company to pursue sustainable growth with prudence, while building a leading, diversified non-bank lending franchise in India. We are delighted to welcome Kedaara Capital, as an investor, as Axis Finance enters its next phase of growth.”

Sai Giridhar, MD & CEO, Axis Finance, said, “This significant boost to our capital base gives us the firepower to accelerate growth in a targeted and prudent way. Over the years, we have built Axis Finance on the pillars of rigorous risk management practices, and long-term client relationship. As India’s credit markets continue to deepen, the company’s well capitalised position will be pivotal in serving specialised credit needs of our customer segments responsibly. With Axis Bank’s continued, unwavering support and Kedaara Capital joining us as an investor, we are now even better positioned to build greater scale, invest further in people and technology, and continue delivering high-quality solutions to our customers.

Sunish Sharma, Founder and Managing Partner at Kedaara Capital, commented:

Axis Finance has consistently demonstrated excellence in execution, underpinned by robust governance and disciplined risk management—cornerstones of a high-quality lending institution. The company’s scaled and diversified presence across retail, MSME, and wholesale lending uniquely positions it to capitalize on the significant structural growth opportunities emerging in India’s credit market. We are excited to partner with the Axis Finance team and look forward to supporting the company as it embarks on its next phase of growth and value creation.”

Transaction Advisors to AFL for the preferential issuance

Financial Advisors: Morgan Stanley and Axis Capital

Legal: Cyril Amarchand Mangaldas

Transaction Advisors to Kedaara Capital for the preferential issuance

Legal: Veritas Legal

About Axis Bank

Axis Bank is one of the largest private sector banks in India. Axis Bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture, and Retail Businesses. It has 6,275 domestic branches (including extension counters) and 12,796 ATMs and cash recyclers spread across the country as on 31st March 2026. The Bank’s Axis Virtual Centre is present across eight centres with 1,591 Virtual Relationship Managers as on 31st March 2026. The Axis Group includes Axis Mutual Fund, Axis Securities Ltd., Axis Finance, Axis Trustee, Axis Capital, A.TReDS Ltd., Freecharge, Axis Pension Fund and Axis Bank Foundation.

For more information, visit the website: https://www.axis.bank.in/

About Axis Finance

Axis Finance Limited (AFL) is a non-deposit accepting non-banking financial company (NBFC) registered with the Reserve Bank of India and categorized under the Middle Layer (NBFC-ML). AFL is a wholly-owned subsidiary of Axis Bank Limited.

Axis Finance provides Retail, MSME & Wholesale lending solutions to its customers. On the retail front, Axis Finance offers products including Loans Against Property, Business Loans, Personal Loans, Home Loans, and Micro LAP. On the MSME front, the products offered are Loans against property & Lease Rental Discounting. On the wholesale front, the products offered are Collateralized Loans, Corporate Financing, and Real Estate Financing.

Vedanta Q4 Profit Jumps 89% YoY To ₹9,352 Crore & 22% To ₹25,096 Crore For The Full Year

· Highest-ever revenue: ₹1,74,075 crore in FY26 (up 15% YoY) and ₹51,524 crore in Q4 (up 29% YoY)

· Record EBITDA of ₹55,976 crore in FY26 (up 29% YoY) and ₹18,447 crore in Q4 (up 59% YoY); Q4 margins at 44%

· Net Debt to EBITDA at 0.95x compared to 1.22x in FY25

Vedanta Limited (BSE: 500295 & NSE: VEDL) today announced its Unaudited Consolidated Results for the fourth quarter and full year ended 31st March 2026, delivering its strongest financial performance to date.

Vedanta achieved its highest-ever quarterly revenue of ₹51,524 crore, up 29% YoY, while annual revenue rose to ₹1,74,075 crore, up 15% YoY. EBITDA for the quarter surged to a record ₹18,447 crore, up 59% YoY, with margins expanding sharply by 915 bps YoY to 44%. For FY26, EBITDA stood at ₹55,976 crore, up 29% YoY, with margins at ~39%.

The company reported a record-breaking Profit After Tax of ₹9,352 crore in Q4 FY26, up 89% YoY. For the full year, Profit After Tax stood at an all-time high of ₹25,096 crore, reflecting a 22% YoY increase. This performance was driven by robust operational delivery and cost efficiencies.

The company’s balance sheet strengthened significantly, with Net Debt to EBITDA improving to 0.95x, its best level in the last 14 quarters, compared to 1.22x a year ago. Credit ratings for Vedanta Limited were reaffirmed at AA by both CRISIL & ICRA, while the rating for Vedanta resources, the parent company, was upgraded to BB- by Fitch Ratings.

Vedanta generated strong free cash flows, with pre-capex free cash flow of ₹11,930 crore in Q4 (up 53% YoY) and ₹26,013 crore for FY26, supporting higher liquidity and capital allocation flexibility. Cash and cash equivalents increased 38% YoY to ₹28,485 crore. The Return on Capital Employed (ROCE) improved to ~32%, up 539 bps YoY, reflecting enhanced capital efficiency.

The company delivered strong operational performance across its key businesses in FY26, underpinned by record production and improved efficiencies. The aluminium business achieved its highest-ever annual production at 2,456 kt (up 1% YoY), while alumina output surged 48% YoY to a record 2,916 kt. Zinc India recorded best-ever mined metal production of 1,114 kt (up 2% YoY) and refined metal production of 851 kt (up 3% YoY), while Zinc International production rose 27% YoY to 225 kt. Ferro chrome production reached a record 101 kt (up 21% YoY), iron ore - pig iron output stood at 895 kt (up 10% YoY), and copper cathode production increased to a record 170 kt (up 15% YoY). The power business reported annual sales of 18,571 MU (up 14% YoY).

During the year, the company achieved key milestones including the production of the first metal from India’s largest 525 kA smelter at BALCO, Chhattisgarh, acquisition of Incab Industries to strengthen its downstream copper and aluminium portfolio, an offshore gas discovery at the Cairn-operated Ambe block, and securing a 5-year, 500 MW PPA for Meenakshi and Athena, reinforcing its growth and integration strategy.

The company is also steadily progressing with its demerger, effective 1st May 2026, marking a significant milestone in its journey to unlock long-term value.

The company also delivered a Total Shareholder Return (TSR) of 48.6% in FY26, outperforming the Nifty Metal Index by over 2 times, while maintaining a strong dividend payout, including ₹34 per share for the full year.

Mr. Arun Misra, Executive Director, Vedanta, said, “FY26 was a year of strong execution for Vedanta, with record operational performance across the portfolio. We delivered 2.9 million tonnes of alumina, 2.46 million tonnes of aluminium, 1.1 million tonnes of mined metal at Zinc India, 895 kt of pig iron and 101 kt of ferrochrome, reflecting improved operating efficiency alongside the ramp up of new capacities. During the year, we deployed ~₹15,000 crore of growth capex, commissioning key projects including Lanjigarh Train II, the new BALCO smelter, downstream expansions at Jharsuguda, the Debari roaster at Zinc India, and 1.3 GW of power capacity. Our continued focus on operational excellence resulted in lowest costs in last five years at Aluminium and Zinc business.”

Mr. Ajay Goel, CFO, Vedanta, said, “The quarter marks a defining point for Vedanta, with the delivery of our strongest-ever financial performance recording all-time highs in Revenue, EBITDA, and PAT for both the quarter and the full year and a clear positioning for the next phase of growth with Demerger effective from 1st of May ‘26. Our Revenue grew 15% YoY to ₹1,74,075 crore, EBITDA 29% YoY to ₹55,976 crore and PAT at ₹25,096 crore, marking a 22% jump YoY. Our balance sheet strengthened further with Net Debt to EBITDA improving to 0.95x, from 1.22x a year ago, and both CRISIL and ICRA reaffirming VEDL’s credit rating as AA. Pursuing growth with capex investment of ₹14,918 in the year, we continued to reward our shareholders, paying a handsome dividend of ₹34/share and delivering TSR of 48.6%.”

4QFY26 ESG Highlights

* ESG Leadership: Vedanta Aluminium secured second rank in the S&P Corporate Sustainability Assessment for the third consecutive year. Cairn Oil & Gas, in its very first participation, placed among the top five companies globally in the Oil and Gas Upstream and Integrated sector, emerging as the highest scorer in India. In the CDP Ratings, Vedanta maintained a strong Climate score of ‘B’, while our Water rating improved from ‘B’ to ‘A minus’.

* Environmental: Vedanta advanced its sustainability agenda in FY26 with renewable energy use rising 52% YoY, GHG intensity down 9.5%, and water recycling up to 94 million m³. Key initiatives include electric forklifts, energy efficiency projects, renewable sourcing, and air quality improvements. We drove lower emissions and strengthened progress toward net water positivity by 2030.

* Social Front: Vedanta invested ₹422 crore in CSR initiatives during FY26, positively impacting 6.95 million lives across the world. The initiatives empowered 2.70 million individuals through skill‑development programs, exceeding the stated ambition of 2.5 million, and provided social welfare support to 30.89 million women and children during the year.

* Revenue:

o Consolidated revenue at ₹51,524 crore, up 29% YoY & 12% QoQ driven by higher LME, volumes, premium, and forex gain

* EBITDA and EBITDA Margin:

o EBITDA increased by 59% YoY & 22% QoQ to ₹18,447 crore mainly driven by higher LME, premiums, forex gains and higher volumes

o EBITDA margin of ~44%, up 915 bps YoY

* Depreciation & Amortization:

o Depreciation & Amortization at ₹1,356 crore for 4QFY26, lower due to accounting treatment as required by Ind AS 105, post NCLT demerger order on 16 December 2025.

* Finance Cost:

o Finance cost is lower 6% QoQ due to lower average borrowings and one‑offs, partly offset by higher borrowing rates

o Lower 21% YoY due to lower average borrowings and lower borrowings rates

* Investment Income:

o 4QFY26 remained stable QoQ and higher 3% YoY due to change in investment mix.

* Taxes:

o ETR for 4QFY26 is 29% as compared to 28% in 4QFY25, mainly due to of actualization of permanent disallowances.

* Profit After Tax

o PAT is ₹9,352 crore, up 89% YoY and 20% QoQ

* Leverage, liquidity, and credit rating:

o Gross debt at ₹ 81,740 crore as on 31st March 2026

o Net debt at ₹ 53,254 crore as on 31st March 2026

o Net debt to EBITDA ratio of 0.95x vs 1.22x in 4QFY25

o Cash and cash equivalents position remains strong at ₹ 28,485 crore. The Company follows a Board-approved investment policy and invests in high quality debt instruments with mutual funds, bonds, and fixed deposits with banks

o Both ICRA and CRISIL have reaffirmed AA rating for Vedanta Limited

4QFY26 Awards and Recognitions:

* CSR:

o Aluminium Coal Mines win Best CSR Award for exemplary contribution towards social responsibility, sustainability, and community welfare, for health initiative - Nikshay Mitra (TB elimination program)

o Sijimali wins 'Best CSR Project of the Year Award (Swarna Prashan)

o BALCO Wins National CSR Recognition CSR Impact Root

* Safety:

o HZL recognised at British Safey Council’s International Safety Awards.

o Aluminium Coal Mine wins Safety Management Plat by DGMS – Ministry of Mines

* Business Excellence:

o Hindustan Zinc recognised as Best Organisation for Women 2026 at the 6th edition of ET Edge by The Times Group

o Hindustan Zinc’s Legal Team honoured with the Excellence in Compliance Initiative of the Year

o Vedanta Jharsuguda Honoured with Indian Manufacturer of the Year award by Frost and Sullivan

o FACOR secured two prestigious awards at the Indian Bureau of Mines’ 27th MEMC Week

o Hindustan Zinc was honored with the ICAI Award for Best BRSR (Business Responsibility and Sustainability Reporting) Report in the Large-cap Manufacturing category

* Sustainability:

o Vedanta and HZL recognised as India’s Most Sustainable Companies by BW Businessworld.

o TSPL wins Water Efficient Award at the CEE Power Generation & Water Management Summit 2026

o TSPL won 2 awards: Biomass Co-firing Excellence & Reducing NSHR Award by Mission Energy Foundation

o Hindustan Zinc as Runner-Up in the Water Stewardship category at the prestigious 16th India Corporate Governance & Sustainability Vision Summit and Awards hosted by the Indian Chamber of Commerce.

o Sesa Goa won an award in green mining & placed 1st in Mineral Conservation & 2nd in Mineral Beneficiation at MEMC Week.