VEDL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The National Company Law Tribunal (NCLT), Mumbai has, via its order dated January 9, 2026, sanctioned the Scheme of Arrangement between Vedanta Limited (Demerged Company), Vedanta Aluminium Metal Limited, Talwandi Sabo Power Limited (TSPL, Petitioner), Malco Energy Limited, and Vedanta Iron and Steel Limited, along with their respective shareholders and creditors, under Sections 230-232 of the Companies Act, 2013. The scheme (with Part V on Base Metals demerger dropped after board resolutions in December 2024) aims to demerge the Aluminium, Merchant Power, Oil & Gas, and Iron Ore undertakings into separate Resulting Companies with a 1:1 share entitlement ratio. The scheme was approved by 100% of secured creditors and 99.99% of unsecured creditors at meetings held on November 21, 2025. Post-demerger net worth of the Demerged Company is projected at Rs. 43,230 crore, while TSPL's net worth will rise from Rs. 3,606 crore to Rs. 8,207 crore.
Positive structural development — the long-pending demerger plan moves one step closer to implementation, potentially unlocking standalone value for Vedanta's power, aluminium, and other business verticals. Shareholders of Vedanta will eventually hold replicated stakes in each resulting entity once the scheme becomes effective, subject to record dates being notified.