Vedanta Limited , one of India's leading natural resources companies, has recently responded to a report by Viceroy Research and provided an update on its demerger process. The company's Co-Chairman has taken a firm stance against the Viceroy Research report, describing it as biased, and has expressed intentions to address the issues raised.

Response to Viceroy Research Report

The Co-Chairman of Vedanta has stated that the report published by Viceroy Research on the company is biased. While specific details of the report's contents were not disclosed, the company's leadership appears to be taking the matter seriously. The Co-Chairman's statement suggests that Vedanta plans to respond to the allegations or criticisms presented in the Viceroy Research report, although the exact nature and timing of this response remain unclear.

Demerger Process Update

In a significant development for the company's structure, the Co-Chairman has provided an important timeline for Vedanta's ongoing demerger process. According to the statement, the demerger must be completed before September. This announcement gives shareholders and market observers a clear deadline for this major corporate restructuring.

The demerger, once completed, is likely to have substantial implications for Vedanta's operations and possibly its market valuation. However, specific details about which parts of the business will be affected by the demerger or the strategic rationale behind this move were not provided in the Co-Chairman's statement.

Company's Recent Performance

While not directly related to the Viceroy Research report or the demerger process, it's worth noting some of Vedanta's recent financial highlights as context for these developments. According to the Chairman's speech at the company's 60th Annual General Meeting (AGM), Vedanta achieved its highest-ever revenue of ₹1,50,000.00 crore, along with the second-highest EBITDA of over ₹40,000.00 crore.

Future Outlook

Vedanta appears to be positioning itself for future growth across various sectors. The Chairman's AGM speech highlighted plans for expansion in zinc production, oil and gas exploration, and aluminum production. The company is also focusing on critical minerals, having recently won 10 critical mineral blocks.

As Vedanta navigates these challenges and opportunities, investors and industry observers will be keenly watching how the company addresses the Viceroy Research report and executes its demerger process within the stated timeline. These developments could have significant implications for Vedanta's future strategic direction and market position in the natural resources sector.

Vedanta Limited , a major player in the diversified natural resources industry, may face increased scrutiny as Viceroy Research, a well-known short-selling firm, has announced its intention to contact the Securities and Exchange Board of India (SEBI) regarding an undisclosed issue related to Vedanta's resources. This development has caught the attention of market watchers and investors alike, given Vedanta's significant position in the Indian mining and resources sector.

Potential Regulatory Scrutiny

The move by Viceroy Research suggests that the firm has identified concerns or potential irregularities in Vedanta's operations that it believes warrant regulatory attention. While the specific nature of the resources issue remains undisclosed, the involvement of SEBI implies that it could be a matter of significant importance for the company and its stakeholders.

Implications for Vedanta

Vedanta's operations span across oil and gas, zinc, lead, silver, copper, iron ore, steel, and aluminium sectors, making any resource-related issue a matter of considerable interest. The company may need to address these concerns publicly to maintain investor confidence.

Market Response

As this news breaks, investors and analysts will likely be watching closely for any official statements from Vedanta or actions from SEBI. The stock market may react to this development, potentially impacting Vedanta's share price and investor sentiment.

What's Next

It remains to be seen how SEBI will respond to Viceroy Research's communication and whether this will lead to any formal investigation or regulatory action. As the situation unfolds, stakeholders will be keen to understand:

• The specifics of the resources issue in question
• Its potential impact on Vedanta's operations and financial health
• The company's response to these concerns
• Any subsequent regulatory developments

These factors will be crucial in determining the long-term implications of this announcement. Investors and market participants are advised to stay tuned for further updates and official communications from both Vedanta Limited and regulatory authorities.