Vedanta Limited has announced that its shareholders, secured creditors, and unsecured creditors have approved the proposed demerger of the company, as per the voting results disclosed after an NCLT-convened meeting held on February 18, 2025. The resolution for the scheme of arrangement was passed with the requisite majority.
The approved demerger plan involves splitting Vedanta Limited into multiple independent companies, including Vedanta Aluminium Metal Limited, Talwandi Sabo Power Limited, Malco Energy Limited, and Vedanta Iron and Steel Limited. This restructuring aims to unlock value for shareholders and enhance operational efficiency across Vedanta’s diversified business segments.
Key Voting Highlights:
- Promoter & Promoter Group: 99.9984% votes in favor.
- Public Institutions: 89.18% votes in favor.
- Public Non-Institutions: 99.95% votes in favor.
The scrutinizer’s report and detailed voting results have been made available on Vedanta’s official website and the National Securities Depository Limited (NSDL) platform.
With shareholder and creditor approval secured, the demerger plan now awaits final regulatory and judicial clearances, including approval from the National Company Law Tribunal (NCLT).
