NCLT defers approval for Vedanta Demerger to next hearing on August 20

The Ministry of Petroleum and Natural Gas has raised objections to Vedanta Limited’s proposed demerger during a hearing before the National Company Law Tribunal (NCLT), Mumbai Bench, held on Wednesday, July 2.According to a Vedanta spokesperson, the matter was part-heard and adjourned to August 20, 2025, for further hearing.

Regulatory bodies present updates on compliance
During the hearing, the Securities and Exchange Board of India (SEBI) informed the tribunal that it has no further comments on the demerger scheme and is verifying Vedanta’s compliance with applicable SEBI norms.Legal counsel from the National Stock Exchange (NSE) confirmed that a no-objection certificate has been issued for the demerger.

The legal representative from the Ministry of Petroleum and Natural Gas requested additional time to present their observations on the scheme at the next hearing.

Also read: Vedanta shares rise after NCLAT relief on Talwandi Sabo Power demerger scheme

Vedanta reiterates commitment to demerger plan

“Vedanta Limited confirms that the Demerger Scheme was listed for hearing today before the Hon’ble NCLT, Mumbai Bench. After hearing arguments of the Counsels, the matter was part heard and has been adjourned to August 20, 2025, for further hearing,” the company spokesperson said.

“Vedanta remains fully committed to its strategic reorganization plan, which received overwhelming support from the shareholders and creditors of the company in February this year. Both the Shareholders and Creditors of Vedanta voted in excess of 99.5% in favour of the demerger,” the spokesperson added.

Demerger aimed at creating focused entities

Vedanta announced its demerger plan in September 2023 to split the business into four independent listed companies focusing on aluminium, oil and gas, power, and base metals. The move aims to enhance operational efficiency, streamline management, and unlock shareholder value.

In March 2025, Vedanta extended the deadline for completing the demerger to September 30, citing pending approvals from the NCLT and other government authorities.

The company stated that the proposed demerger will allow for faster, more focused decision-making and better alignment with the country’s economic growth and energy transition goals.

Vedanta shares edge up on NSE

Shares of Vedanta closed marginally higher at ₹470 on the NSE on July 2. The stock has gained nearly 9% over the past month.