Description
BSE has notified trading members to suspend trading in four debt securities of Vedanta Limited from April 30, 2026, ahead of the record date for transfer of these securities to Vedanta Aluminium Metal Limited under an NCLT-approved scheme of arrangement.
Summary
BSE has issued a notice (No. 20260423-42) directing trading members to suspend trading in four debt securities of Vedanta Limited starting April 30, 2026. The suspension precedes the record date of May 1, 2026, fixed for the transfer of these debt securities to Vedanta Aluminium Metal Limited as part of an NCLT-approved scheme of arrangement (demerger).
Key Points
- Trading in four specified Vedanta Limited debt securities is suspended effective April 30, 2026 (Settlement DR 621/2026-2027)
- Record date for the scheme of arrangement transfer is May 1, 2026
- The demerger transfers debt securities from Vedanta Limited (Demerged Company) to Vedanta Aluminium Metal Limited (Resulting Company)
- The scheme was approved by the Hon’ble National Company Law Tribunal, Mumbai Bench
- Trading members are explicitly advised not to deal in these securities from the suspension date
Regulatory Changes
The suspension is mandated under an NCLT-approved scheme of arrangement between Vedanta Limited and Vedanta Aluminium Metal Limited. The affected debt securities will be transferred to the resulting entity (Vedanta Aluminium Metal Limited) as part of the demerger process.
Compliance Requirements
- Trading members must not deal in the four specified debt securities of Vedanta Limited from April 30, 2026 onwards
- Members should note the ISIN numbers and scrip codes to ensure no erroneous trades are executed
Important Dates
- Suspension Date: April 30, 2026
- Record Date (Ex Date): May 1, 2026
- Settlement DR: 621/2026-2027
- Notice Date: April 23, 2026
Impact Assessment
Debt market participants holding or actively trading the four Vedanta Limited securities listed below will be directly impacted by the trading suspension:
| Scrip Code | Scrip ID | ISIN |
|---|---|---|
| 959311 | VL-9.20%-25-2-30-PVT | INE205A07196 |
| 974022 | VL-8.74%-29-6-32-PVT | INE205A07220 |
| 976430 | VL-9.40%-20-2-27-PVT | INE205A08038 |
| 976431 | VL-9.50%-20-8-27-PVT | INE205A08020 |
The demerger represents a significant corporate restructuring event. Post-record date, these securities will be obligations of Vedanta Aluminium Metal Limited rather than Vedanta Limited, potentially affecting credit risk profiles and investor portfolios. Bondholders should assess the creditworthiness of the resulting entity.
Impact Justification
Immediate suspension of trading in four Vedanta debt securities effective April 30, 2026 directly impacts debt market participants holding or trading these instruments; linked to a major NCLT-approved demerger scheme.