Vedanta Ltd. is set to release its financial results for the second quarter and first half of fiscal year 2026 on October 31, 2025. The mining and metals conglomerate has scheduled an earnings call with investors and analysts from 5 p.m. to 6 p.m. on the same day.

Recent Performance and Stock Movement

In the previous quarter, Vedanta reported a consolidated profit after tax of Rs 4,457.00 crore, marking a 12.5% year-on-year decline. However, the company's total income saw a 5.8% increase, reaching Rs 38,809.00 crore.

Vedanta's stock has shown positive momentum in recent trading sessions:

• The shares have gained 2.79% in the past five trading sessions
• Over the past month, the stock has risen by 8.68%
• In December 2024, Vedanta's stock hit a 52-week high of Rs 526.95

Corporate Actions and Debt Repayment

Vedanta has fully repaid its facilities under a previous agreement dated December 13, 2023 (as amended on January 25, 2024). This repayment has led to the release of several encumbrances and restrictions:

1. All encumbrances created over Vedanta Limited's shares have been released as of October 27, 2025.
2. Restrictions imposed on Vedanta Limited by the facilities agreement have been lifted.
3. A global deed of release was executed on October 27, 2025, involving various Vedanta group entities and financial institutions.

Insider Trading Window

The company has announced that the trading window for designated persons will remain closed from October 1 to November 2, 2025, in line with regulatory requirements surrounding the quarterly results announcement.

Investors and analysts will be keenly watching Vedanta's Q2FY26 results, particularly in light of the company's recent debt repayment and the positive stock performance. The earnings call scheduled for October 31 is expected to provide further insights into the company's financial health and future outlook.

Vedanta 's proposed demerger has encountered another setback as the National Company Law Tribunal (NCLT) bench overseeing the case has been reconstituted. This development will lead to a fresh hearing of Vedanta's plea and the government's objections, with proceedings set to resume on November 12.

SEBI's Stance on the Demerger

The Securities and Exchange Board of India (SEBI) has played a significant role in the demerger process:

• Initially issued a warning letter regarding the demerger
• Subsequently approved the revised scheme
• Expressed displeasure with Vedanta's post-approval modifications to the merger scheme

Market Reaction

Vedanta's share price experienced volatility in response to these developments:

The stock recently traded above ₹500, indicating investor interest despite the ongoing demerger complications.

What's Next

The reconstitution of the NCLT bench means that:

1. Vedanta's demerger plea will be reheard from the beginning
2. Government objections will also be presented anew
3. The process may face further delays

This development adds another layer of uncertainty to Vedanta's demerger plans, which have already faced multiple hurdles. Stakeholders will be closely watching the proceedings on November 12 for any indications of how the demerger might progress.

Promoter Group Loan Repayment

In a separate development, Vedanta has received notice from its promoter group regarding the signing of a Global Release Deed following complete loan repayment. The promoter group has fully paid off their loans, resulting in the lifting of all claims on Vedanta shares. This significant move removes any encumbrances that were previously placed on the company's shares as security for the promoter loans.

As the situation unfolds, it will be crucial to monitor any further regulatory interventions, market reactions, and potential impacts on Vedanta's strategic plans. The outcome of these processes could have significant implications for the company's structure, operations, and financial stability going forward.