Vedanta Demerger Record Date Fixed: Shareholders to Receive Shares in Four Companies in 1:1 Ratio
- 21st April 2026
- 05:30 PM
- 3 min read
Summary
Vedanta has fixed 1 May 2026 as the record date for its long-awaited business demerger. Shareholders on record will receive one equity share each in four newly independent companies for every Vedanta share held. The announcement sent the stock to a 52-week high on 21 April 2026.Mumbai | 21 April 2026
Vedanta Ltd has officially set 1 May 2026 as the record date for its demerger into four sector-focused entities, following board approval on 20 April 2026. The move marks the final step in a restructuring plan that received approval from over 99.5% of shareholders and creditors, and was cleared by the National Company Law Tribunal in December 2025.
What Is the Vedanta Demerger?
Vedanta’s demerger restructures the Anil Agarwal-led conglomerate into four independent, listed businesses. The goal is to simplify the group’s corporate structure and give each vertical its own strategic focus, capital cycle, and investor base.
The four entities are:
- Vedanta Aluminium Metal Limited (VAML) — aluminium business
- Vedanta Iron and Steel Limited (VISL) — iron ore operations
- Vedanta Power Limited — formerly Talwandi Sabo Power Limited
- Vedanta Oil and Gas Limited — formerly Malco Energy Limited
How Will Shareholders Receive the New Shares?
Shareholders holding Vedanta shares as of 1 May 2026 will receive one fully paid equity share in each of the four companies for every Vedanta share held. The allotment ratios by entity are:
| Entity | Face Value per | Share Ratio |
| Vedanta Aluminium Metal (VAML) | ₹1 | 1:1 |
| Vedanta Power (TSPL) | ₹10 | 1:1 |
| Vedanta Oil and Gas (MEL) | ₹1 | 1:1 |
| Vedanta Iron and Steel (VISL) | ₹1 | 1:1 |
BALCO Transfer and NCD Treatment
As part of the scheme, Vedanta will transfer its shareholding in Bharat Aluminium Company Ltd (BALCO) to VAML. BALCO reported a turnover of ₹15,909 crore for the year ended 31 March 2025, accounting for approximately 10% of Vedanta’s consolidated turnover. Its net worth stood at ₹12,088 crore, contributing around 39% of Vedanta’s consolidated net worth.
Non-convertible debentures linked to the aluminium undertaking will also transfer to VAML, with 1 May 2026 fixed as the record date for eligible debenture holders. The share sale agreement between Vedanta and VAML is expected to be executed on or before 30 April 2026.
How Did Vedanta Shares React?
The stock rose 3.1% to a 52-week high of ₹794.90 on BSE on 21 April. The scrip has gained approximately 100% from its 52-week low of ₹398.85 recorded in May 2025, and has returned 89% over the past year.
Performance across timeframes:
| Period | Return |
| 1 month | 16% |
| 3 months | 15% |
| 6 months | 64% |
| 1 year | 89% |
Outlook
Vedanta stated that the demerger aims to improve the visibility of individual business performance and allow markets to value each vertical more accurately. Each independent entity will pursue its own strategic priorities, aligned with its specific customer requirements, investment cycles, and end markets.
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