Vedanta fixes May 1, 2026 as record date for demerger; BALCO to transfer to VAML

Demerger Ratio AnnouncedStrategic Transactions View source PDF Explain this filing

VEDL · price

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Price reactionminutes from the announcement price · days from the prior close

-0.3%Reaction day

₹770.00

prior close

₹791.70

announcement price

After-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)+0.8%-1.2% vs market

Metals & Mining peers, median of 72sector · sector level+0.0%-0.3% vs sector

On the reaction day the stock moved 1.2 pts less than Nifty 100 and 0.3 pts less than its Metals & Mining peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.7

10m

-0.4

15m

-1.2

30m

-1.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.3+0.8-1.2+0.0-0.3

Next day

-1.5+0.3-1.8+0.6-2.1

-4.4-0.6-3.7-0.2-4.2

-6.4-1.7-4.7-0.8-5.6

-3.2-0.8-2.4+1.2-4.5

-3.6-1.2-2.4+2.1-5.7

-64.5-1.4-63.1+0.8-65.3

15d

-57.9-3.5-54.4+0.9-58.8

-57.0-2.6-54.4-1.6-55.4

-60.3-0.2-60.1-1.5-58.8

-65.6+0.0-65.6-7.1-58.5

UpDownMarket · Nifty 100Sector · Metals & Mining peers, median of 72Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Vedanta's board set May 1, 2026 as the record date to make its Composite Scheme of Arrangement effective, demerging the company into 4 entities: VAML (Aluminium), TSPL/Vedanta Power, MEL/Vedanta Oil & Gas, and VISL (Iron Ore). Shareholders get 1 share in each new entity per VEDL share. VEDL will also transfer its BALCO stake to wholly-owned VAML via CCDs; BALCO contributed 10% of FY25 consolidated turnover (₹15,909 Cr) and 39% of net worth.

Likely market impact

Record date May 1, 2026. Shareholders get 1 share each in VAML, TSPL, MEL, VISL per VEDL share. Four business units demerge out of VEDL.