Vedanta Clarifies on NCLT Hearing and Demerger Progress, Says Process Not Stalled

Vedanta Ltd. has clarified its position regarding the National Company Law Tribunal (NCLT) proceedings, asserting that the demerger process remains active and is not being stalled. The company addressed concerns arising after the recent hearing on August 20, 2025, and reaffirmed its commitment to creating shareholder value through its proposed restructuring.

Vedanta’s NCLT Hearing: Key Details and Next Steps

On August 20, 2025, the NCLT session saw Vedanta’s legal team begin its submission concerning the demerger scheme. However, due to time constraints, the arguments could not be completed. As a result, the matter has been adjourned, with the next hearing date scheduled for September 17, 2025. 

 As per CNBC-TV18, Vedanta has stated that it will resume detailed submissions at that time and emphasised that the hearing's adjournment should not be misinterpreted as a delay or discontinuation of the demerger.

SEBI and Stock Exchange Support Progress

The Securities and Exchange Board of India (SEBI) has provided no objections to the merits of the revised demerger scheme. Its affidavit, dated July 16, 2025, confirmed that it has no further comments. Although SEBI issued an administrative warning related to a procedural lapse involving the withdrawal of Part V of the original scheme without prior approval, it imposed no financial penalties. Vedanta disclosed the issue publicly and has taken corrective steps. Additionally, Vedanta secured a No Objection Certificate from the stock exchanges concerned.

Read More: Vedanta Receives SEBI Warning Over Scheme Modification Non-Compliance!

Ministry and Supreme Court Developments

The Ministry of Petroleum and Natural Gas has submitted its remarks to the NCLT while also requesting the Supreme Court to first address the Talwandi Sabo Power Limited (TSPL) contractual issue on September 4, 2025. Vedanta made it clear that this request is not related to the demerger outcome. The TSPL case concerns a contractual dispute over customs duty benefits and does not affect the restructuring plan.

Vedanta Share Price Performance

On August 20, 2025, Vedanta share price opened at ₹451.00 on NSE, above the previous close of ₹450.20. During the day, it surged to ₹452.80 and dipped to ₹437.80. The stock closed at ₹445.50 by the end of the day. The stock registered a decline of 1.04%.

Over the past week, it has moved up by 1.54%, over the past month, it has declined by 1.13%, and over the past 3 months, it has moved up by 3.95%.

Conclusion

Vedanta continues its pursuit of corporate restructuring through the NCLT framework, bolstered by the absence of objections from regulators and ministries. It remains optimistic about advancing the demerger in line with stakeholder and shareholder interests despite procedural delays in hearing schedules.

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