Vedanta has achieved a landmark milestone with the Mumbai Bench of the National Company Law Tribunal (NCLT) approving the company's demerger into five independent, pure-play companies. This transformational restructuring marks a key step in Vedanta's evolution into focused, sector-leading entities, each with clear strategic mandates, dedicated leadership teams, and specialized capital structures.

NCLT Demerger Approval Details

The NCLT approval enables Vedanta to enter the execution phase of its comprehensive demerger strategy. Post-demerger, shareholders will receive significant value through the creation of five separate listed companies:

For every share held in Vedanta Limited, shareholders will additionally receive one share each of the four newly demerged entities. The approval for demerger of the merchant power business is currently pending.

Commodity Market Performance in 2025

The year 2025 witnessed exceptional performance across key commodities, driven by heightened volatility, geopolitical focus on supply chain security, and the early stages of a global commodity supercycle fueled by energy transition demand.

Precious metals, particularly gold and silver, led sector performance with a combined year-to-date gain of 104%. Industrial metals demonstrated strong growth through structural demand increases, manufacturer stockpiling, and institutional inflows into commodity-denominated funds.

Strategic Business Developments

Vedanta Chairman Anil Agarwal received the Pravasi Rajasthani Samman award from Rajasthan Chief Minister Bhajan Lal Sharma and announced investments of ₹1 lakh crore in the state. This significant investment commitment underscores the company's expansion strategy in key mineral-rich regions.

The company strengthened its critical minerals portfolio by securing successful bids for two important blocks:

• Genjana Block: Nickel, Chromium, and Platinum Group Elements (PGE)
• Depo Block: Graphite Vanadium

These acquisitions align with the global focus on securing critical minerals including cobalt, copper, lithium, potash, nickel, and tungsten, which experienced significant price and supply chain volatility in 2025.

Operational Excellence and Recognition

Vedanta Aluminium achieved the #2 global rank in the S&P Global Corporate Sustainability Assessment 2025 for the third consecutive year, demonstrating consistent commitment to sustainable operations. The aluminium division also hosted representatives from leading global financial institutions at its Jharsuguda, Odisha operations, home to the world's largest aluminium plant.

Hindustan Zinc participated in the 44th India International Trade Fair (IITF) 2025 with an immersive showcase at the Mining Pavilion, while Cairn Oil & Gas represented India at the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC).

Market Performance and Outlook

Vedanta shares demonstrated strong performance, hitting a 52-week high of ₹607.65 and closing at ₹601.00 on the BSE, representing a 35.29% gain for the year. The stock maintained momentum over 13 consecutive trading sessions, jumping 17.44% during this period. Group company Hindustan Zinc also reached its 52-week high of ₹646.00, with shares gaining 43.50% year-to-date.

The commodity supercycle thesis gained momentum through structural shifts, rapid digitalization, and global infrastructure expansion, positioning copper, aluminium, and other base metals to lead future rallies. According to the International Energy Agency, global demand for electric vehicle battery minerals is projected to grow threefold by 2030, supporting long-term commodity demand fundamentals.

Vedanta Limited has issued a regulatory notice dated January 07, 2026, informing shareholders about the impending transfer of equity shares to the Investor Education and Protection Fund (IEPF) for unclaimed dividends. The notice, filed under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, addresses shareholders whose dividend payments have remained unclaimed for seven consecutive years.

Regulatory Compliance and Legal Framework

The transfer process is mandated under Section 124(6) of the Companies Act, 2013, read with the IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, 2016. According to these regulations, shares corresponding to unclaimed dividends for seven consecutive years must be transferred to the IEPF Authority. The company has identified shareholders whose dividends from the financial year 2018-19 remain unclaimed, making their shares liable for transfer.

Critical Deadline and Documentation Requirements

Shareholders have until March 15, 2026 to claim their unpaid dividends and prevent the transfer of their shares to IEPF. The documentation requirements vary based on the mode of shareholding:

Consequences of Non-Compliance

The company has clearly stated that if dividends remain unclaimed by the March 15, 2026 deadline, the shares will be transferred to IEPF following prescribed procedures. Post-transfer, no claims can be made against the company for unclaimed dividend amounts and transferred shares. Additionally, all future benefits including potential dividends will be credited to IEPF rather than the original shareholders.

Recovery Process and Contact Information

Shareholders whose shares and dividends are transferred to IEPF can still recover them by submitting an online application in Form IEPF-5 through the IEPF Authority website at www.iepf.gov.in . For assistance with the claim process, shareholders can contact Vedanta Limited's Corporate Secretarial department or the company's registrar, KFin Technologies Limited.

The notice, signed by Company Secretary and Compliance Officer Prerna Halwasiya, emphasizes the importance of timely action by affected shareholders to prevent the automatic transfer of their holdings to the IEPF Authority.