Vedanta demerger date moved to March 2026 pending government approval
Vedanta Ltd has extended its demerger deadline to March 2026 from September 2025, citing pending NCLT and government approvals. This strategic move aims to unlock greater value by creating four standalone companies. The company recently received a...
The deadline was earlier extended from March 31 this year to September 30. Vedanta had earlier said that the demerger, when concluded, will allow it to operate its business verticals as standalone companies, helping it unlock greater value and improve operational focus. The process will result in four companies-Vedanta Aluminum Metal Ltd, Talwandi Sabo Power Ltd (TSPL), Malco Energy Ltd and Vedanta Iron and Steel Ltd.
Due to conditions of the demerger-including approval from the National Company Law Tribunal (NCLT) Mumbai Bench as well as certain government authorities-still being under process, the board of Vedanta and the resulting companies have extended the timeline for fulfillment of conditions to March 31, 2026, the conglomerate said.
The announcement came post market hours. Shares of Vedanta closed at ₹465.8 a piece Tuesday, up 3.02% from its previous close on BSE. In September, the company received a major reprieve to its demerger plans when the National Company Law Appellate Tribunal allowed TSPL to proceed with its separation from Vedanta.
The decision overturned a previous order that had stalled the move.
On 11 September, TSPL reached a settlement on with Chinese contractor Sepco Electric Power Construction Corp, which had objected to the demerger citing unpaid dues of ₹1,251 crore.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.