Vedanta Limited has informed the Exchange that Record date for the purpose of Scheme of Arrangement has been fixed as May 01, 2026
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Vedanta Limited's Board has fixed May 1, 2026 as the record date for its Composite Scheme of Arrangement, under which four business units will be demerged into separate companies. Shareholders will receive shares in four new entities: VAML (Aluminum), TSPL (Power), MEL (Oil & Gas), and VISL (Iron Ore) at 1:1 ratio for each. Additionally, Vedanta's stake in Bharat Aluminium Company (BALCO) will be transferred to VAML. BALCO contributed ₹15,909 Crores turnover (10% of consolidated) and has net worth of ₹12,088 Crores (39% of consolidated net worth). Non-convertible debentures related to the Aluminum undertaking will also transfer to VAML.
This is a significant corporate restructuring that will create separate listed entities for Vedanta's major business segments. Shareholders will receive shares in multiple new companies, potentially creating value unlock opportunities. The 1:1 ratio means shareholders get equal number of shares in each demerged entity.