Please refer the enclosed file.
Awaiting price reaction for this filing.
Vedanta Limited has published newspaper advertisements on June 20, 2025, in Business Standard (English, all editions) and Navshakti (Marathi, Mumbai edition) regarding a Scheme of Arrangement under Sections 230-232 of the Companies Act, 2013. The scheme involves the demerger of certain businesses from Vedanta Limited into four resulting companies: Vedanta Aluminium Metal Limited, Talwandi Sabo Power Limited, Malco Energy Limited, and Vedanta Iron and Steel Limited. The advertisements serve as a public notice that the Company Scheme Petition is listed for hearing before the NCLT Mumbai Bench on Wednesday, July 02, 2025. Notably, Part V of the original scheme (relating to Base Metals demerger into Vedanta Base Metals Limited) was dropped by the boards in December 2024 via resolutions dated December 20-23, 2024.
This is a procedural/compliance filing (newspaper publication of NCLT hearing notice) rather than a new corporate action, so the immediate stock impact is neutral. However, the upcoming July 2, 2025 NCLT hearing is a key milestone for the demerger approval process. Approval would unlock value through separate listing of the aluminium, power, and iron & steel businesses, while any delay or rejection at NCLT could create uncertainty.