BSECompany Update4d ago · 30 Jul 2026, 03:19 pm
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Vedanta Ltd · 500295
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Vedanta Ltd announces demerger of its Real Estate Business to unlock significant value. The Board of Directors have approved the draft Scheme of Arrangement between Vedanta Limited and Vedanta Property Platforms Limited for the demerger of the Demerged Undertaking on a going concern basis.
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Full Announcement
Vedanta Ltd - 500295 - Announcement under Regulation 30 (LODR)-Scheme of Arrangement
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VEDL/Sec./SE/26-27/80 July 30, 2026
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers “Exchange Plaza”
Dalal Street, Fort Bandra-Kurla Complex, Bandra (East),
Mumbai – 400 001 Mumbai – 400 051
Scrip Code: 500295 Scrip Code: VEDL
Scrip Code (Non-Convertible Debentures):
976754, 976755, 976756 and 977639
Sub: Intimation under Regulations 30 and 51 of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 (as amended from time to time)
(“Listing Regulations”) - Vedanta Limited announces demerger of its Real Estate Business
Dear Sir/Ma’am,
We wish to inform you that the Board of Directors of the Company at their meeting held today, July
30, 2026, have granted their approval for demerger of its Real Estate Business (as defined in Annexure
A) to unlock significant value.
Press Release and Investor Presentation in this regard have also been enclosed.
Kindly note that subject to necessary statutory, regulatory and other approvals, as may be necessary,
the Board of Directors have considered and approved the draft Scheme of Arrangement (“Scheme”)
between Vedanta Limited (“Company” or “Demerged Company”) and Vedanta Property Platforms
Limited (“Resulting Company”) and their respective shareholders and creditors for the demerger of
the Demerged Undertaking (as defined in the Scheme) of the Company to the Resulting Company on
a going concern basis.
The Company shall apply to the BSE Limited and National Stock Exchange of India Limited, in due
course, for obtaining their ‘no-objection letters’ pursuant to Regulation 37, and to the extent
applicable, Regulation 59A, of the Listing Regulations.
The disclosure as required under Regulation 30 and Schedule III of Listing Regulations read with SEBI
circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 is enclosed as
Annexure A.
The meeting of the Board of Directors of the Company commenced at 02:30 p.m. IST and concluded
at 03:00 p.m. IST.
We request you to please take the above on record.
Thanking you.
Yours faithfully,
For Vedanta Limited
Prerna Halwasiya
Company Secretary and Compliance Officer
Encl: As above
Sensitivity: Public (C4)
ANNEXURE A
S.No. Particulars Details
1. Brief details of the division(s) to be The Demerged Undertaking (as defined in the Scheme) comprises of, inter
Demerged alia, the assets, liabilities, properties and resources related to or
pertaining to the conduct of, or the activities of the Real Estate Business
(as defined in the Scheme) of the Demerged Company, on a going concern
basis.
“Real Estate Business” means the business of undertaking, whether
directly or indirectly, individually or through a joint venture, all activities
relating to the development, construction, reconstruction, renovation,
redevelopment, improvement, operation, management, leasing, licensing
of land, buildings and all categories of immovable properties, including but
not limited to residential, commercial, retail, industrial, hospitality, mixed
use and infrastructure related developments.
2. Turnover of the demerged division and The turnover (including other operating income) of the Demerged
as percentage to the total turnover of the Undertaking for the year ended March 31, 2026 was INR 1.26 crore
listed entity in the immediately representing 0.001 % of the total standalone turnover of Vedanta Limited
preceding financial year / based on for the year ended March 31, 2026.
financials of the last financial year
3. Rationale for demerger (a) The Demerged Company has interests in multiple businesses
including metals, mining, and exploration of natural resources.
(b) Over the years, through various acquisitions the Demerged Company
has accumulated a substantial real estate portfolio comprising of non-
core, and strategically located lands, built-up assets and investments
in other real estate owning entities across multiple geographies,
including investments in a web / GIS based focused information
technology platform for tracking its real estate portfolio. Demerged
Company is dealing with these properties based on the available
opportunities (like leasing, development, etc). The real estate
business is currently embedded within the operating business and the
real estate portfolio has been historically subject to limited focused
utilisation, resulting in sub-optimal visibility of the real estate business
segment and value realization. To enable focused management,
improved transparency, and a more productive deployment of such
real estate, the Demerged Company has initiated steps to contribute
and consolidate its real estate undertaking as part of the Scheme.
Besides the Demerged Company, certain other Vedanta group
companies hold real estate assets, and the need for separate and
focused approach to real estate portfolio management is equally
applicable to such Vedanta group companies. The contribution and
consolidation of real estate business from across the Vedanta group
companies would significantly enhance the ability of the Resulting
Company to carry on the Real Estate Business (as defined in the
Scheme) in a more effective and efficient manner. In furtherance of
its objective to evolve into Vedanta group’s flagship company
Sensitivity: Public (C4)
engaged in the Real Estate Business and holding a diverse portfolio of
real estate assets, the Resulting Company may:
(i) concurrently with the Scheme, explore and, if considered
appropriate, implement additional schemes of arrangement
with other Vedanta group companies to acquire their real
estate undertaking (“Concurrent Scheme”). The shares to be
issued by the Resulting Company as consideration in any such
Concurrent Scheme shall be determined based on the fair
value of the real estate undertaking contributed thereunder
relative to the fair value of the Demerged Undertaking
transferred to the Resulting Company pursuant to the Scheme,
and such issuances shall not result in any changes /
adjustments to the Share Entitlement Ratio (as defined in the
Scheme); and
(ii) subject to commercial discussions and receipt of requisite
approvals, also evaluate the potential acquisition of ownership
rights, leasehold rights, development rights, usage rights,
possessory rights, management rights, monetization rights, or
any other similar right or entitlement in relation to the
Identified Assets (as defined in the Scheme) of Meenakshi
Energy Limited and Incab Industries Limited, both Vedanta
group companies. Such acquisition shall be undertaken at fair
value and in proximity to the demerger of the Demerged
Undertaking pursuant to the Scheme, and in accordance with
Clause 15(c) of the Scheme. The consideration for such
acquisition will be settled by way of issuance of equity shares
of the Resulting Company and such issuances shall not result in
any changes / adjustments to the Share Entitlement Ratio
(“Potential Transactions”).
It is, however, clarified that the references to the Concurrent Scheme
and the Potential Transactions contained herein are merely indicative
of the intent and strategic objectives of the Resulting Company to
hold a diversified portfolio of real estate assets, and would in no
manner be construed as constituting any definitive arrangement or
agreement between the Resulting Company and any other person, or
as conferring any present or future right upon any person to subscribe
for, acquire or be allotted any equity shares of the Resulting
Company. It is further clarified that the Scheme is not dependent
upon the potential acquisition of real estate assets and / or businesses
belonging to other Vedanta group companies as mentioned above.
(c) To unlock the inherent value of the Real Estate Business, enable
focused development, exploit the growth potential of the Real Estate
Business and attract a distinct set of investors and strategic partners
Sensitivity: Public (C4)
aligned with real estate and infrastructure development, it is
proposed to consolidate the Real Es
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