Vedanta demerger: Deadline pushed to March 2026; NCLT and government approvals pending – The Times of India

Vedanta Ltd, led by Anil Agarwal, has postponed the completion of its demerger to March 31, 2026 due to pending approvals from the National Company Law Tribunal (NCLT) and government authorities.The company made the announcement in a filing this week.“Given that the conditions precedent in the Scheme, including approval of the National Company Law Tribunal, Mumbai Bench (NCLT) and approvals from certain government authorities are in the process of being completed, the board of the company and the resulting companies…have decided to extend the timeline for fulfilment of the conditions precedent from September 30, 2025 to March 31, 2026,” Vedanta said.This is not the first extension as the deadline was earlier extended from March 31, 2025 to September 30 2025.Once approved, the demerger will allow the company’s different business units to operate as independent entities, PTI reported.Vedanta Resources CEO Deshnee Naidoo had earlier expressed confidence that the demerger of Vedanta’s Indian unit could be done within this financial year, but stressed that her main priority is restructuring the company.The NCLT had postponed the hearing on Vedanta’s demerger plan to October 8 after the ministry of petroleum and natural gas raised concerns over missing disclosures.The company had earlier revised its demerger plan, choosing to retain its base metals business within the parent company. Initially, the mining firm had proposed creating six separate companies: Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, Vedanta Base Metals, and Vedanta Ltd, but this plan was later updated, PTI reported.Vedanta Ltd, a subsidiary of Vedanta Resources, is a major global player in natural resources, critical minerals, energy, and technology. The company has a global reach, operating in India, South Africa, Namibia, Liberia, the UAE, Saudi Arabia, Korea, Taiwan, and Japan, with businesses in oil and gas, zinc, lead, silver, copper, steel, and aluminium.