Vedanta Limited has informed the Exchange regarding Cessation of Mr Dindayal Jalan as Non- Executive Independent Director of the company w.e.f. April 01, 2026.
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Mr. Dindayal Jalan steps down as Non-Executive Independent Director of Vedanta Limited with effect from March 31, 2026, after completing his second and final term. To fill the vacancy, the Board has appointed Mr. S.V. Murali Dhar Rao — a former SEBI Executive Director with over 30 years of experience in securities market regulation — as a new Non-Executive Independent Director for an initial 1-year term starting April 1, 2026, subject to shareholder approval. Separately, the timeline for fulfilling conditions precedent to Vedanta's Composite Scheme of Arrangement (the proposed demerger into Vedanta Aluminium Metal, Talwandi Sabo Power, Malco Energy, and Vedanta Iron & Steel) has been extended from March 31, 2026 to June 30, 2026, as certain government approvals remain pending.
The director change is a routine end-of-term succession and is unlikely to affect operations. The three-month extension of the demerger scheme timeline signals ongoing regulatory delays, which shareholders should monitor as further slippage remains a possibility.