Vedanta Resources, the UK-listed mining conglomerate, suffered a rebuke from its independent shareholders yesterday when more than half of them voted against its directors' pay report and a quarter registered a personal vote against a senior non-executive director.

Vedanta is listed on the London Stock Exchange but majority-owned by a company called Volcan Investments, which represents the holding of Anil Agarwal, Vedanta's founder and executive chairman, and one of the richest men in India. Volcan controls almost 65% of Vedanta's stock.