Vedanta Limited has informed the Exchange regarding 'Extension of timelines for fulfilment of the conditions precedent under the Composite Scheme of Arrangement between Vedanta Limited ( Demerged Company or Company ) and Vedanta Aluminium Metal Limited ( Resulting Company 1 ) and Talwandi Sabo Power Limited ( Resulting Company 2 ) and Malco Energy Limited ( Resulting Company 3 ) and Vedanta Iron and Steel Limited ( Resulting Company 4 ) and their respective shareholders and creditors under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 ( Scheme )'.
VEDL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Vedanta Limited has extended the timeline for fulfilling conditions precedent under its Composite Scheme of Arrangement from March 31, 2026 to June 30, 2026, as certain government approvals are still pending. The scheme involves demerging Vedanta into four resulting companies: Vedanta Aluminium Metal Limited, Talwandi Sabo Power Limited, Malco Energy Limited, and Vedanta Iron and Steel Limited. This is the second such extension, with the first granted in September 2025. Separately, Independent Director Mr. Dindayal Jalan completed his second and final term on March 31, 2026, and former SEBI Executive Director Mr. S.V. Murali Dhar Rao was appointed as a new Independent Director for a one-year term starting April 1, 2026.
The further three-month delay in the demerger pushes back the timeline for shareholders to potentially benefit from separate listings of Vedanta's aluminium, power, and steel businesses, though it is a procedural extension rather than a deal cancellation.