Vedanta Limited has informed the Exchange regarding Appointment of Mr S.V. Murali Dhar Rao as Non- Executive Independent Director of the company w.e.f. April 01, 2026.
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Vedanta Limited announced three key board-level decisions on March 31, 2026. First, Mr. Dindayal Jalan completed his second and final term as a Non-Executive Independent Director and ceased to hold office at the close of business on March 31, 2026. Second, the Board appointed Mr. S.V. Murali Dhar Rao as a Non-Executive Independent Director for an initial 1-year term from April 1, 2026 to March 31, 2027, subject to shareholder approval. Mr. Rao is a former SEBI Executive Director with over 3 decades of experience in securities market regulation, having superannuated from SEBI in January 2025. Third, the timeline to fulfil conditions precedent for the Composite Scheme of Arrangement (demerger involving Vedanta Aluminium Metal, Talwandi Sabo Power, Malco Energy, and Vedanta Iron and Steel) has been extended by 3 months from March 31, 2026 to June 30, 2026, as certain government approvals are still pending.
The director changes are routine governance updates and unlikely to materially impact the stock. However, the further 3-month extension of the demerger scheme timeline may cause short-term uncertainty for investors awaiting the demerger's completion, though the extension itself is procedural and pending approvals are still in progress.