BSE has notified trading members of the record date fixed by Vedanta Limited (Scrip Code: 500295/100295) for its NCLT-approved Composite Scheme of Arrangement (Demerger). The demerger involves splitting Vedanta Limited’s business units into four resulting companies. The record date is set for 01 May 2026, with ex-entitlement effective from 30 April 2026 under settlement DR-621/2026-2027.

Key Points

• Vedanta Limited (VEDL) is the demerged company undergoing a composite scheme of arrangement approved by the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench
• Four resulting companies will be created from the demerger:
  • Vedanta Aluminium Metal Limited (VAML) — Resulting Company 1
  • Talwandi Sabo Power Limited (TSPL) — Resulting Company 2
  • Malco Energy Limited (MEL) — Resulting Company 3
  • Vedanta Iron and Steel Limited (VISL) — Resulting Company 4
• Record date for determining shareholder entitlements is 01 May 2026
• Ex-entitlement date is 30 April 2026 (Settlement No. DR-621/2026-2027)
• The scheme involves demerger of business units of Vedanta Limited into the respective resulting companies

Regulatory Changes

The demerger has been sanctioned by the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench, under the Composite Scheme of Arrangement between Vedanta Limited and the four resulting companies and their respective shareholders and creditors. This constitutes a court-approved corporate restructuring under the Companies Act.

Compliance Requirements

• Trading members must note the record date and ex-entitlement date for processing shareholder entitlements
• Members should update their systems to reflect the ex-entitlement from 30 April 2026 under settlement DR-621/2026-2027
• Shareholders of Vedanta Limited as of the record date (01 May 2026) will be entitled to consideration/shares as per the scheme

Important Dates

Impact Assessment

This is a high-impact corporate event affecting all shareholders of Vedanta Limited (500295/100295). The NCLT-approved demerger will result in shareholders receiving entitlements in up to four new/restructured entities — VAML, TSPL, MEL, and VISL — in addition to or in lieu of their existing Vedanta Limited holdings. The ex-entitlement date of 30 April 2026 means trades settling on or after that date will not carry demerger entitlements. Market participants should factor in potential price discovery adjustments and liquidity implications for all involved scrips around the record date.