Vedanta demeger: Anil Aggarwal -led mining company Vedanta Limited has extended the deadline for its disorder till the end of March 2026. The company says that the approval from the National Company Law Tribunal (NCLT) and government officials on the dearrs is still pending. Earlier, the deadline was increased from March 31, 2025 to 30 September 2025. With the approval of the proposal of the disorganization, the way will be cleared for different entities of different business verticles of the company.
Vedanta said in a filing this week, “The pre -plan conditions are in the process of fulfilling. These conditions include NCLT, Mumbai bench approval and approval from some government officials. So the company’s board and resulting companies … has decided to increase the deadline from September 30, 2025 to 31 March, 2026.”
Business is going to be divided in how many parts
Vedanta earlier said that after the disorganization, its existing businesses would be distributed to 6 independent companies- Vedanta Aluminum, Vedanta Oil & Gas, Vedanta Power, Vedanta Steel and Ferrus Materials, Vedanta Bas Metals and Vedanta Limited. However, the company later made a change in the plan and decided to keep the base metal undertaking inside the parent company.
Deshni Naidu, CEO of Vedanta Resources, Parent, Vedanta Limited, has hoped that Vedanta Limited will be completed in the current financial year 2025-26. He emphasized that his focus is currently on the company’s restructuring. The NCLT deferred the hearing on Vedanta’s disorganized proposal last month till 8 October. The Ministry of Petroleum and Natural Gas had objected to this plan citing the lack of necessary revelations.
Vedanta Market cap of 1.84 lakh crores
Vedanta’s business is spread over India, South Africa, Namibia, Liberia, UAE, Saudi Arabia, Korea, Taiwan and Japan. It is operational in sectors such as oil and gas, zinc, lead, silver, copper, steel and aluminum. The company’s market cap is Rs 1.84 lakh crore. Vedanta’s stock closed at Rs 470.80 on BSE on Friday, 3 October. The company had 56.38 percent stake in the company till the end of June 2025.
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