VEDL.NS
Vedanta Limited

7 reports on Vedanta Limited (VEDL.NS) by Viceroy Research, summarized: the thesis, evidence and key numbers. Latest: Dec 19, 2025.

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All Reports VEDL.NS × / Market Intelligence

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7 of 7 reports
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VEDL.NS Vedanta Limited (VEDL.NS)

Vedanta – ITD Alleges Tax Evasion by VRL

India's Income Tax Department alleges Vedanta used an offshore Mauritius entity to evade ~$145M in taxes, with potential 200% penalties, while six statutory demands and an adverse order were allegedly never disclosed ...

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VEDL.NS Vedanta Resources (Private)

Vedanta – ESL’s Debt Raise Shows Lack of Options

Viceroy Research exposes Vedanta Limited's financial manipulation: ESL Steel's ₹2,000 crore debt raise masks liquidity crisis, reveals unsustainable business model with negative cash flow and questionable accounting p...

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Vedanta – SEBI Confirms Investigation

SEBI investigation reveals Vedanta Resources IPO risks, regulatory probe into Agarwal network exposes potential fraud, compliance issues, and complex corporate structure threatening fundraising and demerger plans

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Vedanta – Auditors Turn a Blind Eye to The Facts

Viceroy Research exposes Vedanta Limited's ₹8,000 crore accounting fraud, revealing systematic financial manipulation, fabricated revenues, auditor negligence, and complex related-party transactions across multiple su...

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Vedanta – Bondholder Update

Vedanta Resources Limited faces critical liquidity crisis, with Viceroy Research exposing regulatory challenges, funding shortfalls, and potential cross-border compliance risks threatening bondholder investments and c...

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VEDL.NS Vedanta Resources (Private)

Fair Isaac Corporation (FICO) – Pricing Power Impaired?

Viceroy Research exposes $361M Vedanta financial fraud involving illegal brand fees, regulatory enforcement, and potential $1.6B corporate governance scandal threatening investor confidence and company liquidity

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Vedanta – Our Complaint to the Securities and Exchange Board of India

Viceroy Research exposes Vedanta Resources $400M brand fee fraud scheme, revealing systematic regulatory evasion, offshore debt manipulation, and potential securities violations in Indian financial markets