Vedanta gets NCLAT relief on demerger plan, shares edge up

Vedanta Ltd on Thursday received a crucial lifeline for its demerger plans, with the National Company Law Appellate Tribunal (NCLAT) granting an interim stay on a previous order by the National Company Law Tribunal (NCLT) that had rejected the scheme.

Following the development, Vedanta shares rose 0.46% to ₹448.90 on the BSE.

In a regulatory filing, the company said the appellate tribunal’s order puts on hold the NCLT’s March 4 ruling “to the extent it relates to the rejection of the Scheme,” subject to certain conditions outlined by NCLAT.

The company said it remains committed to its strategic reorganisation plan and continues to work towards unlocking long-term value for all stakeholders.

The mining-to-metals conglomerate is in the process of restructuring its sprawling business into independent verticals, with plans to spin off its aluminium, oil & gas, power, and steel divisions into separate listed entities. These businesses are currently housed under Vedanta Ltd, the Indian arm of London-based Vedanta Resources.

Citing pending approvals from regulatory bodies and the NCLT, the company had earlier extended its demerger deadline from March 31 to September 30, 2025.

Under the plan, Vedanta shareholders will receive one share in each of the newly carved-out companies for every share they hold. The overall shareholding structure will remain unchanged.