PART I
Item 1. Exchange Act Reporting History
A. Sterlite Industries (India) Limited (SIIL), the predecessor of Vedanta Limited (the Company), first
incurred the duty to file reports under section 13(a) or section 15(d) of the Securities Exchange Act of 1934, as amended (the Exchange Act) on June 18, 2007. The Company, then named Sesa Sterlite Limited, incurred its duty
to file reports under section 13(a) or section 15(d) of the Exchange Act following certain corporate reorganization transactions, as a successor to SIIL, on September 9, 2013 pursuant to Rule 12g-3 under
the Exchange Act.
The American depositary shares of SIIL (the SIIL ADSs), evidenced by American depositary receipts,
each representing four equity shares, commenced trading on the New York Stock Exchange (the NYSE) on June 20, 2007. Following certain corporate reorganization transactions, the Companys American depositary shares,
evidenced by American depositary receipts, commenced trading on the NYSE, on September 9, 2013 (such American depositary shares, together with the SIIL ADSs, the ADSs).
B. The Company has filed or submitted all reports required under Section 13(a) or Section 15(d) of the Exchange Act and
corresponding Securities Exchange Commission (SEC) rules for the 12 months preceding the filing of this form. The Company has filed at least one annual report under Section 13(a) of the Exchange Act.
Item 2. Recent United States Market Activity
The Companys securities were last sold in the United States in a registered offering under the Securities Act of 1933, as amended (the
Securities Act) pursuant to a prospectus supplement for the Companys 4.00% convertible senior notes due 2014, convertible into ADSs, filed on October 19, 2009 (pursuant to Rule 424(b)(5) under the Securities Act (in
respect of the prospectus dated October 15, 2019)), relating to the registration statement on Form F-3 (File No. 333-160580) that was filed and became
effective on July 15, 2009 and a post-effective amendment to such registration statement that was filed and became effective on October 15, 2009, each under Rule 462(e) under the Securities Act. This registration statement has expired
pursuant to Rule 415(a) under the Securities Act.
Item 3. Foreign Listing and Primary Trading Market
A. The primary trading market for the equity shares of the Company is India, where the Companys equity shares trade on the Bombay Stock
Exchange (BSE) and the National Stock Exchange (NSE).
B. The Companys equity shares were
first listed for trading on the BSE and on the NSE on March 11, 1982 and May 13, 1998 respectively.. The Company has maintained these listings for at least 12 months preceding the filing of this Form 15F.
C. The percentage of trading in equity shares that occurred in India for the 12-month period from
December 1, 2021 through November 30, 2022 (both dates inclusive) was 100%.
Item 4. Comparative Trading
Volume Data
A. The 12-month period used for calculations under Rule 12h-6(a)(4)(i) was from December 1, 2021 through November 30, 2022 (both dates inclusive).
B. The average daily trading volume of the Companys equity shares and ADSs (when expressed in terms of the underlying equity shares) in
the United States (both on-exchange and off-exchange) was nil for the same 12-month period. The average daily trading volume of
the Companys ordinary shares (including those represented in the form of ADSs) worldwide was 14,500,955 shares for the same 12-month period.
C. The average daily trading volume of the Companys equity shares (including those represented in the form of ADSs) in the United States
as a percentage of the average daily trading volume for the equity shares on a worldwide basis for the period described in Item 4.A of this Form 15F was nil. There has been no trading in the Companys equity shares or depositary receipts
representing the shares in United States markets since the close of trading on November 8, 2021. Indian law does not permit trading in shares of Indian companies on stock exchanges outside of India, and does not permit Level I
(i.e., unlisted) depositary receipt programs for such shares. The Company analyzed its global share trading using Bloombergs and found no ticker symbols relating to its equity shares or depositary receipts relating to the United States over-the-counter market. Based on Indian law and Bloombergs information, the Company reasonably believes its average daily trading volume in the United States since the close
of trading on November 8, 2021 is zero.