Page 1

S.R. BATLIBOI & Co. LLP Chartered Accountants 12th Floor , The Ruby 29 Senapati Bapat Marg Dadar ( West ) Mumbai - 400 028 , India Tel : +91 22 6819 8000 Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI ( Listing Obligations and Disclosure Requirements ) Regulations , 2015 , as amended Review Report to The Board of Directors Vedanta Limited 1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Vedanta Limited ( the " Holding Company " ) and its subsidiaries ( the Holding Company and its subsidiaries together referred to as " the Group " ) , its associates and joint ventures for the quarter ended September 30 , 2021 and year to date from April 1 , 2021 to September 30 , 2021 ( the " Statement " ) attached herewith , being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI ( Listing Obligations and Disclosure Requirements ) Regulations , 2015 , as amended ( the " Listing Regulations " ) . 2. This Statement , which is the responsibility of the Holding Company's Management and approved by the Holding Company's Board of Directors , has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 , ( Ind AS 34 ) “ Interim Financial Reporting " prescribed under Section 133 of the Companies Act , 2013 as amended , read with relevant rules issued thereunder and other accounting principles generally accepted in India . Our responsibility is to express a conclusion on the Statement based on our review . 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements ( SRE ) 2410 , " Review of Interim Financial Information Performed by the Independent Auditor of the Entity " issued by the Institute of Chartered Accountants of India . This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement . A review of interim financial information consists of making inquiries , primarily of persons responsible for financial and accounting matters , and applying analytical and other review procedures . A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit . Accordingly , we do not express an audit opinion . We also performed procedures in accordance with the Circular No. CIR / CFD / CMD1 / 44 / 2019 dated March 29 , 2019 issued by the Securities and Exchange Board of India under Regulation 33 ( 8 ) of the Listing Regulations , to the extent applicable . 4. The Statement includes the results of the entities as mentioned in Annexure I 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of other auditors referred to in paragraph 7 and 9 below , nothing has come to our attention that causes us to believe that the accompanying Statement , prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ( ' Ind AS ' ) specified under Section 133 of the Companies Act , 2013 , as amended , read with relevant rules issued thereunder and other accounting principles generally accepted in India , has not disclosed the information required to be disclosed in terms of the Listing Regulations , including the manner in which it is to be disclosed , or that it contains any material misstatement . S.R. Batliboi & Co. LLP , a Limited Liability Partnership with LLP Identity No. AAB - 4294 Regd . Office : 22 , Camac Street , Block ' B ' , 3rd Floor , Kolkata - 700 016