Anil Agarwal-led Vedanta Ltd has extended the deadline for completing its long-awaited demerger to March 31, 2026, citing delays in receiving approvals from the National Company Law Tribunal (NCLT) and various government authorities.
In a regulatory filing, the company said, “Given that the conditions precedent in the Scheme, including approval of the NCLT, Mumbai Bench, and clearances from certain government authorities, are still in progress, the board of the company and the resulting entities have decided to extend the timeline for fulfilment of the conditions precedent from September 30, 2025 to March 31, 2026.”
This marks the second extension, as the original deadline had already been pushed from March 31, 2025 to September 30, 2025 earlier this year.
Once approved, the demerger will allow Vedanta’s diverse business verticals to operate as separate listed entities. Vedanta Resources CEO Deshnee Naidoo had earlier expressed confidence that the demerger would be completed within the current financial year, emphasizing that the company’s primary focus remains on restructuring.
The NCLT had last month deferred the hearing on Vedanta’s demerger proposal to October 8, after the Ministry of Petroleum and Natural Gas raised objections, alleging insufficient disclosures in the scheme.
Vedanta has also revised its demerger structure, deciding to retain its base metals undertaking within the parent company. Initially, the plan envisaged the creation of six separate entities — Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, Vedanta Base Metals, and Vedanta Ltd.
Vedanta Ltd, a subsidiary of Vedanta Resources Ltd, operates across multiple geographies including India, South Africa, Namibia, Liberia, the UAE, Saudi Arabia, Korea, Taiwan, and Japan, with businesses spanning oil and gas, zinc, lead, silver, copper, steel, and aluminium.
