Vedanta Demerger: Company to Split Into Four Entities, Record Date Set for May 1, 2026 Vedanta Ltd has announced the record date for its demerger plan, which will split the company into four separate entities. The record date has been set for May 1, 2026, and the demerger scheme will be implemented from this date. Shareholders will receive shares in each of the new companies based on their existing holdings. The demerger involves dividing Vedanta’s business into four distinct companies: Vedanta Aluminium Metal Ltd (VAML), Talwandi Sabo Power Ltd (TSPL), Malco Energy Ltd (MEL), and Vedanta Iron and Steel Ltd (VISL). Shareholders will receive shares in these companies proportional to their current holdings. Share allotment details for each business are as follows: For the aluminum business, VAML will issue one new share with a face value of ₹1 for every existing share. For the merchant power business, TSPL will issue one share with a face value of ₹10 for every existing share. For the oil and gas business, MEL will issue one share with a face value of ₹1 for every existing share. For the iron and steel business, VISL will issue one share with a face value of ₹1 for every existing share. Non-convertible debentures (NCDs) linked to the aluminum business will also be transferred to VAML. The record date for this transfer is also set for May 1, 2026. Vedanta will transfer its stake in Bharat Aluminium Company Ltd (BALCO) to VAML. BALCO’s FY25 turnover was ₹15,909 crore, accounting for approximately 10% of Vedanta’s total turnover. Its net worth was ₹12,088 crore, representing 39% of Vedanta’s total net worth. The transaction agreement is expected to be signed by April 30, 2026, with the transfer completed by the same date.#vedanta_ltd #vedanta_aluminium_metal_ltd #talwandi_sabo_power_ltd #malco_energy_ltd #vedanta_iron_and_steel_ltd
