Vedanta Ltd., a major Indian natural resources conglomerate, has announced that its ongoing demerger process is nearing completion, with shares of the newly formed entities expected to list and begin trading by mid-June 2026.
The company confirmed that it plans to file with stock exchanges "next week" (from the April 30/May 5, 2026 update) to secure listing approval for the demerged businesses. This update was provided during an investor call following the company's fourth-quarter financial results.
Vedanta Demerger Details and Timeline
Deshnee Naidoo, CEO of Vedanta Resources, stated that the demerger is in its "final stage." Shareholders of Vedanta Ltd. will receive equity shares in four distinct businesses on a 1:1 ratio under the composite scheme of arrangement. These entities are:
- Vedanta Aluminium Metal Limited
- Talwandi Sabo Power Ltd
- Malco Energy Ltd
- Vedanta Iron and Steel Limited
The anticipated mid-June listing will mark a significant milestone for the company and its investors, allowing each new entity to operate and attract investment independently.
Strong Financial Performance Reported
Alongside the demerger update, Vedanta Ltd. also reported robust financial results for the quarter and year ended March 31, 2026. The company posted a record net profit of Rs 9,352 crore for the March quarter, marking an 89 percent increase year-on-year (YoY).
Quarterly revenue reached an all-time high of Rs 51,524 crore, up 29 percent YoY. Furthermore, Vedanta recorded its highest-ever quarterly EBITDA at Rs 18,447 crore, a 59 percent YoY surge, with the EBITDA margin improving to a record 44 percent.
Other key financial highlights include a return on capital employed (ROCE) rising to nearly 32 percent and free cash flow before capex standing at Rs 11,930 crore, up 53 percent YoY. The company also improved its net debt-to-EBITDA ratio to 0.95 times in Q4 FY26, its best level in 14 quarters.
Stock Performance Context
Following these announcements, shares of Vedanta Ltd. saw increased focus. On Thursday, April 30, the stock opened at Rs 289.50 on NSE. By Tuesday, May 2, it had risen nearly 4 percent to Rs 306, hitting a new 52-week high on an adjusted basis. The company's total market capitalization stood close to Rs 1.2 lakh crore.