New Delhi: Vedanta Limited has extended the deadline for completing its proposed demerger to June 30, 2026, citing delays in obtaining necessary government approvals.
In a regulatory filing, the company stated that certain conditions required for the demerger, including approvals from government authorities, are still pending and under process. As a result, the board has approved extending the timeline from the earlier deadline of March 31, 2026.
The demerger plan, first announced in 2023, aims to restructure the conglomerate into multiple independent entities to unlock shareholder value and improve operational focus. However, the process has faced repeated delays, with timelines earlier shifted from March 2025 to September 2025 and then to March 2026.
Despite receiving key approvals, including from the National Company Law Tribunal (NCLT), final clearances from various authorities remain a hurdle, slowing the implementation of the restructuring plan.
The move reflects the complexities involved in executing large-scale corporate restructuring, particularly in regulated sectors like mining and metals.