Vedanta Ltd. Demerger – Key Highlights

Vedanta Ltd. (VL) has announced a multi-entity demerger plan to unlock value and streamline its business operations. The restructuring involves the separation of key business undertakings into independent listed entities.

1. Demerger I – Aluminium Business

• Undertaking: Aluminium Undertaking of Vedanta Ltd.
• Resulting Company: Vedanta Aluminium Metal Ltd. (VAML)
• Basis: Going concern
• Share Entitlement Ratio:1:1 (1 equity share of ₹1 each in VAML for every 1 equity share of ₹1 each held in VL)

2. Demerger II – Power Business

• Undertaking: Merchant Power Undertaking
• Resulting Company: Talwandi Sabo Power Ltd. (TSPL)
• Basis: Going concern
• Share Entitlement Ratio:1:1 (1 equity share of ₹10 each in TSPL for every 1 equity share of ₹1 each held in VL)

3. Demerger III – Oil & Gas Business

• Undertaking: Oil and Gas Undertaking
• Resulting Company: Malco Energy Ltd. (MEL)
• Basis: Going concern
• Share Entitlement Ratio:1:1 (1 equity share of ₹1 each in MEL for every 1 equity share of ₹1 each held in VL)

4. Demerger IV – Iron Ore Business

• Undertaking: Iron Ore Undertaking
• Resulting Company: Vedanta Iron and Steel Ltd. (VISL)
• Basis: Going concern
• Share Entitlement Ratio:1:1 (1 equity share of ₹1 each in VISL for every 1 equity share of ₹1 each held in VL)

5. Listing Details: All resulting entities will be separately listed on:

• BSE Ltd.
• NSE Ltd.

6. Key Dates

• Appointed Date: July 21, 2022
• Effective Date: May 1, 2026

This demerger allows Vedanta Ltd. shareholders to receive direct equity ownership in four independent business verticals, potentially unlocking value, improving operational focus, and enhancing transparency for investors.