Vedanta Fixes 1st May as record date for demerger announces share allotment details
20th April 2026
Mumbai, April 20, 2026: Vedanta Limited today announced that its Board of Directors has approved key steps to operationalize its previously announced composite scheme of arrangement, marking a significant milestone in the company’s ongoing strategic reorganization.
The Board has fixed 1st May, 2026 as the effective date and record date for demerger to determine shareholders eligible to receive shares in the resulting entities under the demerger.
A significant step, the demerger will help in simplifying Vedanta’s corporate structure with sector focussed independent businesses and provide opportunities to global investors, including sovereign wealth funds, retail investors and strategic investors, with direct investment opportunities in dedicated pure-play companies linked to India’s remarkable growth story through Vedanta’s world class assets. It will also provide a platform for individual units to pursue strategic agendas more freely and better align with customers, investment cycles and end markets.
Share Entitlement Details
Eligible shareholders of Vedanta Limited will receive shares in the resulting companies as per the following ratios:
- Vedanta Aluminium Metal Limited (VAML):
1 equity share (₹1 face value) for every 1 Vedanta share held - Talwandi Sabo Power Limited (to be renamed Vedanta Power Limited):
1 equity share (₹10 face value) for every 1 Vedanta share held - Malco Energy Limited (to be renamed Vedanta Oil & Gas Limited):
1 equity share (₹1 face value) for every 1 Vedanta share held - Vedanta Iron and Steel Limited (VISL):
1 equity share (₹1 face value) for every 1 Vedanta share held
Key Highlights of the Reorganization:
The demerger will result in the creation of four independent, sector-focused entities across aluminium, power, oil & gas, and iron ore & steel. Talwandi Sabo Power Limited and Malco Energy Limited will be rebranded to Vedanta Power to reflect their sectoral focus.
The demerger will allow sharper operational focus and agility, helping the demerged businesses align more closely with their respective market cycles, customer requirements and investment needs. It will also enhance the visibility of individual business performance, making it easier for markets to appropriately value each vertical, thereby unlocking embedded value
About Vedanta Limited:
Vedanta Limited, a subsidiary of Vedanta Resources Limited, is one of the world’s leading Oil & Gas and Metals company with significant operations in Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, and Aluminium & Power across India, South Africa and Namibia. For two decades, Vedanta has been contributing significantly to nation building. Governance and sustainable development are at the core of Vedanta's strategy, with a strong focus on health, safety, and environment. Vedanta has put in place a comprehensive framework to be the ESG leader in the natural resources sector. Vedanta is committed to reducing carbon emissions to zero by 2050 or sooner and has pledged $5 billion over the next 10 years to accelerate the transition to net zero operations. Giving back is in the DNA of Vedanta, which is focused on enhancing the lives of local communities. The company’s flagship social impact program, Nand Ghars, have been set up as model anganwadis focused on eradicating child malnutrition, providing education, healthcare, and empowering women with skill development. Under the aegis of the Anil Agarwal Foundation, the umbrella entity for Vedanta’s social initiatives, the Vedanta group has pledged Rs 5000 crore over the next five years on social impact programmes with a thrust on nutrition, women & child development, healthcare, animal welfare, and grass-root level sports. Vedanta and the group companies have been featured in Dow Jones Sustainability Index, and was conferred Frost & Sullivan Sustainability Awards 2020, Golden Peacock Award for excellence in Corporate Governance 2022 and certified as a Great Place to Work 2022. Vedanta Limited is listed on the Bombay Stock Exchange and the National Stock Exchange.
For more information, please visit www.vedantalimited.com
About Vedanta Aluminium Metal Limited Business:
Vedanta Aluminium Metal Limited, a business of Vedanta Limited, is India’s largest producer of aluminium, manufacturing more than half of India’s aluminium i.e., 2.37 million tonnes in FY24. It is a leader in value-added aluminium products that find critical applications in core industries. Vedanta Aluminium Metal Limited ranks 1st in the S&P Global Corporate Sustainability Assessment 2023 world rankings for the aluminium industry, a reflection of its leading sustainable development practices. With its world-class aluminium smelters, alumina refinery and power plants in India, the company fulfils its mission of spurring emerging applications of aluminium as the ‘Metal of the Future’ for a greener tomorrow.
For more information, please log on to www.vedantaaluminium.com
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Disclaimer:
This press release contains “forward-looking statements” – that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “should” or “will.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional, and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.
