Vedanta demerger: Record date, ratio out - Check who is eligible to receive shares of new listed companies
Vedanta said the move is aimed at simplifying its corporate structure and creating standalone businesses aligned with specific sectors.
- Apr 21, 2026,
- Updated Apr 21, 2026 10:37 AM IST
Anil Agarwal-led Vedanta Ltd has announced key steps to operationalise its previously proposed composite scheme of arrangement, as part of its ongoing strategic reorganisation.
The company's Board of Directors has fixed May 1, 2026 as the record date to determine shareholders eligible to receive shares in the resulting entities under the demerger.
Share entitlement details
Shareholders holding Vedanta shares in their demat accounts as on the record date would be eligible to receive shares of the newly demerged entities, in line with the approved scheme. The share entitlement ratio in the newly structured businesses is as follows:
Vedanta Aluminium Metal Ltd (VAML): 1 equity share (face value Re 1) for every 1 Vedanta share held
Talwandi Sabo Power Ltd (to be renamed Vedanta Power Ltd): 1 equity share (face value Rs 10) for every 1 Vedanta share held
Malco Energy Ltd (to be renamed Vedanta Oil & Gas Ltd): 1 equity share (face value Re 1) for every 1 Vedanta share held
Vedanta Iron and Steel Ltd (VISL): 1 equity share (face value Re 1) for every 1 Vedanta share held
Reorganisation structure
The demerger will lead to the creation of four independent, sector-focused entities spanning aluminium, power, oil & gas, and iron ore & steel. As part of this process, Talwandi Sabo Power Ltd and Malco Energy Ltd will be rebranded to reflect their respective business focus.
Vedanta said the move is aimed at simplifying its corporate structure and creating standalone businesses aligned with specific sectors. The company expects the reorganisation to enable each vertical to pursue its strategic priorities independently while improving alignment with market cycles, customer needs and investment requirements.
The restructuring is also intended to enhance transparency in business performance and provide investors -- ranging from global institutions to retail participants -- direct exposure to distinct segments of Vedanta's portfolio.
Stock performance
Shares of Vedanta climbed 3.15 per cent in Tuesday's trade to hit a record high of Rs 794.90. At last check, the stock was up 0.26 per cent at Rs 772.65, rallying 60.02 per cent over the last six months.
Anil Agarwal-led Vedanta Ltd has announced key steps to operationalise its previously proposed composite scheme of arrangement, as part of its ongoing strategic reorganisation.
The company's Board of Directors has fixed May 1, 2026 as the record date to determine shareholders eligible to receive shares in the resulting entities under the demerger.
Share entitlement details
Shareholders holding Vedanta shares in their demat accounts as on the record date would be eligible to receive shares of the newly demerged entities, in line with the approved scheme. The share entitlement ratio in the newly structured businesses is as follows:
Vedanta Aluminium Metal Ltd (VAML): 1 equity share (face value Re 1) for every 1 Vedanta share held
Talwandi Sabo Power Ltd (to be renamed Vedanta Power Ltd): 1 equity share (face value Rs 10) for every 1 Vedanta share held
Malco Energy Ltd (to be renamed Vedanta Oil & Gas Ltd): 1 equity share (face value Re 1) for every 1 Vedanta share held
Vedanta Iron and Steel Ltd (VISL): 1 equity share (face value Re 1) for every 1 Vedanta share held
Reorganisation structure
The demerger will lead to the creation of four independent, sector-focused entities spanning aluminium, power, oil & gas, and iron ore & steel. As part of this process, Talwandi Sabo Power Ltd and Malco Energy Ltd will be rebranded to reflect their respective business focus.
Vedanta said the move is aimed at simplifying its corporate structure and creating standalone businesses aligned with specific sectors. The company expects the reorganisation to enable each vertical to pursue its strategic priorities independently while improving alignment with market cycles, customer needs and investment requirements.
The restructuring is also intended to enhance transparency in business performance and provide investors -- ranging from global institutions to retail participants -- direct exposure to distinct segments of Vedanta's portfolio.
Stock performance
Shares of Vedanta climbed 3.15 per cent in Tuesday's trade to hit a record high of Rs 794.90. At last check, the stock was up 0.26 per cent at Rs 772.65, rallying 60.02 per cent over the last six months.