5 New Shares On 1: Vedanta Demerger Hits Another Roadblock! NCLT Postpones Hearing; Check New Date

Vedanta Demerger Delay: Vedanta's much-anticipated demerger plan has hit yet another roadblock, with the National Company Law Tribunal (NCLT) postponing the hearing to November. The delay comes after the NCLT bench was reconstituted, pushing the demerger case, originally scheduled for hearing on Wednesday, by nearly fifteen days.

Vedanta shares closed 2.77% higher at Rs 516 per share on BSE with a market capitalisation of Rs 2,01,971.54 crore. The stock had touched an intraday high mark of Rs 524.30 per share and an intraday low mark of Rs 503.05 per share.

Vedanta Demerger NCLT Hearing Delay: When Will Next Hearing Be Held?

The hearing of Vedanta demerger case will be held on November 12, reported CNBC TV 18. The reconstituted NCLT bench will now begin the hearing from starting. The bench will hear Vedanta's plea and the government's objections to the demerger scheme of arrangement. Vedanta had requested to restart NCLT hearing for the demerger plan to the earliest.

The NCLT hearing for Vedanta demerger was earlier postponed after the ministry's objections as it sought details and clarification on the restructuring plan.

Vedanta Demerger Timeline

The demerger of Anil Aggarwal-owned metal-to-mining major was anticipated to be completed by the end of 2025. But as the demerger process is awaiting final approval from the NCLT and other required approvals are also pending, the demerger may be extended to the end of financial year 2025-26, according to experts.

The Vedanta demerger is expected to be completed by the end of financial year 2025-26, according to credit rating agency CRISIL.

"Crisil Ratings has taken note of the approval received from the shareholders and creditors (secured and unsecured) of the company on February 18, 2025, on the proposed demerger scheme, thereby increasing the likelihood of successful completion of the demerger. However, the demerger process is still awaiting final approval from the National Company Law Tribunal (NCLT) and other requisite approvals and could take a few more months. As a result, we now anticipate the timeline to be the end of fiscal 2026 (against previously expected September 2025)," noted CRISIL in its report last week.

SEBI Gives Warning Letter To Vedanta For Demerger, Approves Revised Scheme

The development has come hours after the Securities and Exchange Board of India (SEBI) gave a warning letter to Vedanta for the demerger, however, the market watchdog approved the revised demerger scheme. SEBI's nod to Vedanta demerger plan came with conditions, as the market watchdog made it clear that it was not happy with post-nod scheme modification, reported ET Now.

SEBI Put Vedanta's Sterilite Electric IPO On Hold

ON Monday, SEBI had put the proposed initial public offer (IPO) of Sterlite Electric Ltd on hold. SBEI however, did not disclose the reason for placing the IPO in abeyance.The company, part of the Vedanta Group, had filed its draft red herring prospectus (DRHP) with Sebi in early October.