Vedanta Demerger Faces Another Setback as NCLT Bench Is Reconstituted

The long-anticipated demerger of Anil Agarwal-led mining giant Vedanta Ltd. has encountered yet another delay due to the reconstitution of the NCLT Bench. The National Company Law Tribunal (NCLT) bench handling the case has been reconstituted, meaning the newly formed bench will now rehear Vedanta’s plea along with the government’s objections to the proposed scheme of arrangement from scratch.

Vedanta Demerger Hearing on November 12

Vedanta, which has already postponed the effective date of the demerger several times, has urged the tribunal to restart hearings at the earliest. Acting on this request, the NCLT has scheduled the fresh hearing to begin on November 12.

Earlier, the Securities and Exchange Board of India (SEBI) had issued a warning letter to Vedanta over the demerger proposal. However, the regulator has since granted approval to the revised scheme, while noting its displeasure with certain post-approval modifications made by the company. Vedanta acknowledged that SEBI had given it a “rap on the knuckles,” even as the final go-ahead was secured.

Vedanta Q3FY26 Production Highlights

Vedanta Limited reported record operational performance across several key segments. The company achieved its highest-ever quarterly aluminum production of 617 kt, marking a 1% year-on-year (YoY) growth, while alumina output surged 31% YoY to 653 kt. Zinc India delivered its highest-ever second-quarter mined metal production at 258 kt (up 1% YoY), and Zinc International recorded a robust 38% YoY increase with production of 60 kt.

Also Read: Adani Total Gas Q2 Profit Drops to ₹164 Crore Despite 16% Rise in Volumes

Additionally, Pig Iron production reached an all-time high of 238 kt, reflecting a 26% YoY rise. On the power front, Meenakshi’s 1,000 MW and Athena Unit-1’s 600 MW plants are now fully operational, further strengthening Vedanta’s energy capabilities.

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