Vedanta Limited has successfully completed a $500 million bond offering, demonstrating strong investor confidence in the company. The bond issuance was met with overwhelming demand, being oversubscribed by three times. This successful fundraising effort is expected to have a positive impact on Vedanta's debt profile.

Bond Offering Highlights

• Offering Size: $500 million
• Oversubscription: 3 times
• Expected Outcome: Improvement in the company's debt situation

The robust response to Vedanta's bond offering suggests that investors remain confident in the company's financial prospects and strategic direction. This successful capital raise could provide Vedanta with additional financial flexibility to manage its debt obligations and support its ongoing operations.

Extension of Demerger Timeline

In a separate development, Vedanta has announced an extension of the timeline for its ongoing demerger process. According to the latest LODR (Listing Obligations and Disclosure Requirements) filing, the company has pushed back the deadline for fulfilling conditions precedent related to its scheme of arrangement.

Key Points of the Extension

• New Deadline: March 31, 2026 (extended from September 30, 2025)
• Reason: Pending approvals from the National Company Law Tribunal (NCLT) and certain government authorities
• Entities Involved:
  • Vedanta Limited (Demerged Company)
  • Vedanta Aluminium Metal Limited (Resulting Company 1)
  • Talwandi Sabo Power Limited (Resulting Company 2)
  • Malco Energy Limited (Resulting Company 3)
  • Vedanta Iron and Steel Limited (Resulting Company 4)

The extension was approved by the boards of Vedanta Limited and the resulting companies, exercising their powers under Clause 39.7 of the Scheme of Arrangement. This move allows additional time for the completion of necessary regulatory approvals and other conditions precedent.

Vedanta's ability to successfully raise funds through the bond offering, coupled with the strategic decision to extend the demerger timeline, reflects the company's proactive approach to managing its financial and operational challenges. As these developments unfold, stakeholders will be closely watching how they impact Vedanta's overall financial health and strategic positioning in the market.

Vedanta Limited (NSE: VEDL, BSE: 500295) has announced a significant extension to the timeline for fulfilling conditions precedent under its Scheme of Arrangement. The company has pushed the deadline from September 30, 2025, to March 31, 2026, providing additional time to meet specified arrangement requirements.

Key Points of the Extension

• The extension applies to the Scheme of Arrangement between Vedanta Limited and its subsidiaries.
• The deadline for fulfilling conditions precedent has been moved from September 30, 2025, to March 31, 2026.
• This decision was approved by the Board of Vedanta Limited and the Resulting Companies.

Background of the Scheme

The Scheme of Arrangement involves Vedanta Limited (the Demerged Company) and four Resulting Companies:

1. Vedanta Aluminium Metal Limited
2. Talwandi Sabo Power Limited
3. Malco Energy Limited
4. Vedanta Iron and Steel Limited

Reasons for the Extension

According to the company's disclosure, the extension was necessitated due to ongoing processes, including:

• Pending approval from the National Company Law Tribunal, Mumbai Bench (NCLT)
• Awaiting approvals from certain government authorities

Implications of the Extension

This extension, made under Clause 39.7 of the Scheme, allows Vedanta and its subsidiaries more time to satisfy all conditions precedent. It's important to note that:

• The extension does not affect the validity of other parts of the Scheme, which continue in full force and effect.
• If conditions are not met by the new deadline, the relevant parts of the Scheme may become null and void, unless further extended or waived as permitted by applicable law.

Corporate Governance

The decision to extend the deadline was made by the Board of Vedanta Limited at 6:33 pm IST on September 30, 2025. This information was disclosed to the stock exchanges in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Vedanta's move to extend the deadline highlights the complex nature of corporate restructuring and the time often required to secure necessary approvals. Stakeholders will be watching closely as the company works towards fulfilling the conditions of this significant arrangement over the coming months.