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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Earnings Impact5/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk3/10
Balance Sheet Risk4/10
Liquidity Impact7/10
Market Sentiment5/10

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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 [Showing first 8,000 characters — download PDF for full document]