Vedanta extends demerger deadline to June 30
New Delhi: Vedanta Ltd on Tuesday said it has extended the deadline for its proposed demerger to June 30, as approvals from certain government authorities remain pending and are still being processed.
"Since certain conditions precedent to the Scheme, including receipt of approvals from certain governmental authorities, are yet to be fulfilled and are in the process of completion, the Board of Directors of the Company and the Resulting Companies have, in terms of Clause 39.7 of the Scheme, approved the extension of the timeline for fulfilment of such conditions precedent from March 31, 2026 to June 30, 2026," the company said in a filing to the BSE.
The Anil Agarwal-led company had already shifted the original deadline for the proposed demerger from March 31, 2025 to September 30, 2025 and then to March 31, 2026.
The company had earlier revised its demerger plan, choosing to retain its base metals business within the parent company.
Vedanta Ltd is the world's leading producer of metals, oil & gas, critical minerals, power and technology.
"Since certain conditions precedent to the Scheme, including receipt of approvals from certain governmental authorities, are yet to be fulfilled and are in the process of completion, the Board of Directors of the Company and the Resulting Companies have, in terms of Clause 39.7 of the Scheme, approved the extension of the timeline for fulfilment of such conditions precedent from March 31, 2026 to June 30, 2026," the company said in a filing to the BSE.
The Anil Agarwal-led company had already shifted the original deadline for the proposed demerger from March 31, 2025 to September 30, 2025 and then to March 31, 2026.
The company had earlier revised its demerger plan, choosing to retain its base metals business within the parent company.
Vedanta Ltd is the world's leading producer of metals, oil & gas, critical minerals, power and technology.
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