July 14, 2025 – On July 9, 2025, Vedanta Limited (NSE: VEDL) issued a press release claiming our extensively referenced report was “false propaganda”, despite being unable to disprove a single point in our report and complaining that we had not engaged with management (who we have shown are habitually dishonest).
Vedanta followed this up with a stage-managed AGM event, where the Q&A of approximately 2 hours consisted almost entirely of extremely long speeches praising Anil Agarwal specifically by likely VEDL plants. One caller praised Mr Agarwal in song.
This report analyses the claims made by VEDL and VRL management at the AGM and a stress-test of their claims.
After accepting Management’s complaints that we did not contact them, we sent the company an extensive correspondence on July 11, 2025, and have still received no response or acknowledgement.
The entire AGM is available here: https://www.youtube.com/watch?v=VUQY-O6xx9A