Vedanta Ltd., a major Indian mining and metals conglomerate led by Anil Agarwal, has extended the deadline for its planned demerger from March 31 to September 30, 2025, citing pending approvals from the National Company Law Tribunal (NCLT) and other government authorities. The company exercised Clause 39.7 of the demerger scheme, which allows for a timeline extension in case of regulatory delays.
Vedanta Ltd., a leading mining and metals conglomerate in India, has announced an extension of its planned demerger deadline from March 31 to September 30, 2025. The decision was made due to pending approvals from the National Company Law Tribunal (NCLT) and other government bodies, the company stated in an exchange filing on Friday.
Vedanta Ltd., owned by Anil Agarwal’s Vedanta Resources, is a key player in India’s mining, oil, and gas industries. The company had initially announced the demerger plan to enhance business efficiency by separating its key verticals, including metals, power, and oil and gas. However, regulatory clearances have delayed the process.
Reason for the Extension
As per Clause 39.7 of the demerger scheme, the board of Vedanta Ltd. and its resulting entities have the authority to extend the implementation timeline if regulatory approvals are not received in time.
“The revised timeline will allow us to ensure a smooth demerger process while complying with all necessary legal and regulatory requirements,” the company mentioned in its filing.
Demerger Details and Impact
Vedanta’s demerger plan involves splitting its key businesses into separate listed entities to streamline operations and unlock shareholder value. The move is expected to help each business vertical focus on its core competencies while attracting sector-specific investors.
Market experts suggest that the delay may impact investor sentiment in the short term, but the restructuring will ultimately benefit the company by creating independent entities with clearer business strategies.
Vedanta’s management remains confident that all necessary approvals will be secured within the new timeframe. Investors and stakeholders will closely monitor updates from NCLT and other regulatory bodies as the process unfolds.
The company has assured shareholders that it remains committed to the demerger plan and will continue to provide updates as the regulatory process progresses.
