(29-Sep-2023 Hours IST)
Intimation under Regulation 30 of SEBI Listing Regulations - Vedanta Limited announces demerger of diversified businesses unlocking significant value We wish to inform you that a wholly owned subsidiary of Vedanta Limited, in the name of Vedanta Aluminium Metal Limited, has been incorporated on October 06, 2023. Request you to please take the enclosed file on record in this regard. (As Per BSE Announcement Dated on 07.10.2023) Please refer the enclosed intimation. (As Per BSE Announcement dated on 22.11.2024) Please refer the enclosed intimation for update on Scheme of Demerger. (As per BSE Announcement Dated on 20/12/2024) Please find enclosed the voting results and scrutinizer''s report for the Meeting of Equity Shareholders, Secured Creditors and Unsecured Creditors of Vedanta Limited (As Per BSE Announcement Dated on 20.02.2025) We refer to intimations dated September 29, 2023, July 31, 2024, November 22, 2024, December 20, 2024 and February 18, 2025 in respect of the Scheme of Arrangement between inter alia Vedanta Limited ('Company' or 'VEDL'), Vedanta Aluminium Metal Limited ('VAML' or 'Resulting Company 1'), Talwandi Sabo Power Limited ('TSPL' or 'Resulting Company 2'), Malco Energy Limited ('MEL' or 'Resulting Company 3'), and Vedanta Iron and Steel Limited ('VISL' or 'Resulting Company 4') and their respective shareholders and creditors ('Scheme') (Resulting Company 1, Resulting Company 2, Resulting Company 3 and Resulting Company 4 are collectively referred to as 'Resulting Companies'). The effectiveness of the Scheme is subject to fulfillment of certain conditions precedent as set out in Clause 39 of the Scheme. Clause 39.7 of the Scheme is reproduced below for reference: 'In the event any of the conditions set out in Clause 39 above are not obtained or complied with by March 31, 2025 or such later date as the Boards of the respective Parties may agree, or if for any other reason, this Scheme or any Part thereof cannot be implemented, then the Boards of VEDL, Resulting Company 1, Resulting Company 2, Resulting Company 3, and Resulting Company 4 may, as relevant, waive the conditions set out in Clause 39 above to the extent permitted under Applicable Law. In the event any condition set out in Clause 39 is not satisfied or waived in accordance with this Clause 39.7, the relevant Part of the Scheme concerned shall become null and void, and in that event, no rights and liabilities shall accrue or be incurred between VEDL, Resulting Company 1, Resulting Company 2, Resulting Company 3, or Resulting Company 4 as applicable, or their shareholders or creditors or employees or any other Person, provided that any one or more Parts of the Scheme becoming null and void in accordance with this Clause shall not affect the validity of the other Parts of the Scheme which shall continue in full force and effect.' (As Per Bse Announcement Dated on 28.03.2025) Please refer the enclosed intimation. (As Per BSE Announcement Dated on 29.05.2025) Please refer the enclosed file. (As Per BSE Announcement Dated on 20/06/2025) Please find enclosed file. (As per BSE Announcement Dated on 16/09/2025) Please refer the enclosed file. (As Per Bse Announcement dated on 30/09/2025) Please refer the enclosed file. (As Per BSE Announcement Dated on 16.12.2025) Please refer the enclosed file. (As Per BSE Announcement Dated On : 21.01.2026) (i) To make the Scheme effective on May 1, 2026; and (ii) In consultation with VAML, TSPL, MEL and VISL, the Board has fixed May 1, 2026, as the record date for determining the shareholders eligible to receive consideration pursuant to the Scheme. (As Per BSE Announcement Dated on:20.04.2026) Trading Members of the Exchange are hereby informed that, pursuant to the Composite Scheme of Arrangement as approved by the Hon'ble National Company Law Tribunal, Mumbai Bench Between Vedanta Limited (Demerged Company or VEDL) And Vedanta Aluminium Metal Limited (Resulting Company 1 or VAML), Talwandi Sabo Power Limited (Resulting Company 2 or TSPL), Malco Energy Limited (Resulting Company 3 or MEL) and Vedanta Iron And Steel Limited (Resulting Company 4 or VISL), VEDANTA LIMITED has fixed Record Date for the purpose of Demerger and for determining the entitlement of the shareholders of the Company, as per details given below: - COMPANY NAME CODE VEDANTA LIMITED (500295/100295) RECORD DATE 01/05/2026 PURPOSE As per Composite Scheme of Arrangement (Demerger) approved by the Hon'ble National Company Law Tribunal, Mumbai Bench, Between Vedanta Limited (Demerged Company or VEDL) And Vedanta Aluminium Metal Limited (Resulting Company 1 or VAML), Talwandi Sabo Power Limited (Resulting Company 2 or TSPL), Malco Energy Limited (Resulting Company 3 or MEL), Vedanta Iron And Steel Limited (Resulting Company 4 or VISL) and their Respective Shareholders and Creditors; The Scheme provides for Demerger of Business Units of Vedanta Limited ('Demerged Company' or 'VEDL' or 'Company') INTO Vedanta Aluminium Metal Limited ('Resulting Company 1' or 'VAML'), Talwandi Sabo Power Limited ('Resulting Company 2' or 'TSPL'), Malco Energy Limited ('Resulting Company 3' or 'MEL'), and Vedanta Iron and Steel Limited ('Resulting Company 4' or 'VISL') (Details regarding consideration payable to Shareholders of Vedanta Ltd pursuant to Demerger is given in Note 1 below) EX- ENTITLEMENT FROM DATE & SETT. NO. 30/04/2026 DR-621/2026-2027 In terms of the Composite Scheme, the following consideration will be issued to the eligible shareholders of Vedanta Limted ('Demerged Company') as on the Record Date: (i) As consideration for Demerger of Aluminum Undertaking (as defined in the Scheme) into VAML, VAML shall issue and allot its equity shares to the shareholders of the Demerged Company, as per the following ratio: 1 (One) fully paid-up equity share of VAML having a face value of INR 1 (Rupee One) each for every 1 (One) fully paid-up equity share of INR 1 (Rupees One) each of the Demerged Company. (ii) As consideration for demerger of Merchant Power Undertaking (as defined in the Scheme) into TSPL, TSPL shall issue and allot its equity shares to the shareholders of the Demerged Company, as per the following ratio: 1 (One) fully paid-up equity share of TSPL having face value of INR 10 (Indian Rupees Ten) each for every 1 (one) fully paid-up equity share of INR 1 (Indian Rupee One) each of the Demerged Company. (iii) As consideration for demerger of Oil and Gas Undertaking (as defined in the Scheme) into MEL, MEL shall issue and allot its equity shares to the shareholders of the Demerged Company, as per the following ratio: 1 (One) fully paid-up equity share of MEL having face value of INR 1 (Indian Rupee One) each for every 1 (one) fully paid-up equity share of INR 1 (Indian Rupee One) each of the Demerged Company (iv) As consideration for demerger of Iron Ore Undertaking (as defined in the Scheme) into VISL, VISL shall issue and allot its equity shares to the shareholders of the Demerged Company, as per the following ratio: 1 (One) fully paid-up equity share of VISL having face value of INR 1 (Indian Rupee One) each for every 1 (one) fully paid-up equity share of INR 1 (Indian Rupee One) each of the Demerged Company Note 2: Pursuant to SEBI Circular No. CIR/MRD/DP/01/2012 dated January 20, 2012, the aforesaid scrip shall be a part of Call Auction in Pre-open Session (Special Pre- open Session (SPOS)) on 30th April, 2026. For further information on SPOS, the trading members are requested to refer to the Exchanges notice no. 20120216-29 dated February 16, 2012 on Enabling Special Pre-open Session. Subject to compliance with requisite formalities, the Equity Shares of the Resulting Companies i.e. Vedanta Aluminium Metal Limited, Talwandi Sabo Power Limited, Malco Energy Limited and Vedanta Iron And Steel Limited respectively, will be listed on BSE Limited. (As Per BSE Notice Dated on 23.04.2026)
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