VEDL

Extends Deadline for Demerger to March 2026

, led by Anil Agarwal, has pushed the completion deadline for its planned demerger from September 30, 2025, to March 31, 2026, due to pending regulatory and government approvals. → The board of Vedanta and the "resulting companies" agreed to extend the timeline for fulfilling the conditions precedent in the Scheme, which notably include clearances from the National Company Law Tribunal (NCLT) and various government authorities. → The demerger proposal, if approved, will restructure Vedanta's existing businesses into separate, independent entities. → The NCLT has been handling the hearing on the demerger proposal but recently deferred the proceedings to October 8. → The Ministry of Petroleum and Natural Gas raised an objection to the scheme, specifically citing a lack of necessary disclosures as the reason for the deferral. → Vedanta had previously revised its initial demerger plan. The original scheme intended to divide the company into six independent verticals: Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, Vedanta Base Metals, and Vedanta Ltd. → The revised plan entails retaining the base metal undertaking within the parent company. → Vedanta Ltd is a major global natural resources, energy, critical minerals, and technology company with operations spanning multiple countries, including India, South Africa, Namibia, and the UAE, across sectors such as oil and gas, zinc, lead, silver, copper, steel, and aluminium. → The company had earlier expressed optimism that the demerger of its Indian arm would be completed in the current financial year, but the focus now shifts to completing the regulatory requirements for the restructuring.