Vedanta Ltd's demerger plan is moving forward, with eligible shareholders now receiving shares of the newly formed entities. The company's stock traded ex-date for the demerger on April 30, 2026, with May 1, 2026, set as the record date for the spin-off into five separate companies.
The crediting of shares to demat accounts commenced on May 8, 2026, and is projected to be completed by May 11, 2026. Investors who held Vedanta shares on April 29, 2026, are eligible to receive shares of the demerged entities. Those who purchased shares on or after April 30, 2026, will not be beneficiaries of the spin-off.
Which Entities Are Demerging?
For every share of Vedanta held on the record date, eligible investors will receive one share each of:
- Vedanta Iron & Steel
- Malco Energy Ltd
- Vedanta Aluminium Metal Ltd
- Vedanta Power
These shares are part of the scheme of arrangement and will remain unlisted until their official stock market debut.
Listing Timeline for New Companies
The four demerged entities are expected to list on stock exchanges in the coming months. Market reports suggest that Vedanta may approach exchanges for their listing as early as next week, with an anticipated stock market debut in the second half of June 2026.
Vedanta's strategic move to demerge aims to transform its diversified structure into five focused, sector-leading businesses. This restructuring is intended to provide clear strategic direction, enhance capital allocation discipline, and improve growth visibility for each entity, aligning with global megatrends and India's resource and energy demands.
Recent Financial Performance
In its March 2026 quarter results, Vedanta reported a significant financial uplift. Net profit surged by 89% year-on-year to Rs 9,352 crore, while revenue increased by 29% year-on-year to Rs 51,524 crore. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) rose by 59% year-on-year to Rs 18,447 crore, with margins improving by 915 basis points to 44% for the quarter.