Vedanta Limited announced significant board changes and a timeline extension for a composite scheme of arrangement on March 31, 2026. Mr. Dindayal Jalan will conclude his second and final term as a Non-Executive Independent Director, with his tenure ending on March 31, 2026. The Board expressed gratitude for his contributions. In a key appointment, Mr. S.V. Murali Dhar Rao has been approved as an Additional Director, designated as a Non-Executive Independent Director. His appointment is for an initial term of one year, from April 1, 2026, to March 31, 2027, subject to shareholder approval. Mr. Rao brings over three decades of experience in securities market regulation, having served as an Executive Director at SEBI until January 2025. His expertise spans various SEBI departments and includes significant contributions to the mutual fund industry, corporate debt markets, and enhancing disclosures for listed entities, including ESG. He currently serves on the boards of Invesco Trustee Private Limited and the Kerala Infrastructure Investment Fund Board, and is a senior consultant with Khaitan & Co. He also has prior experience with the National Financial Reporting Authority (NFRA) and the International Organization of Securities Commissions (IOSCO). Furthermore, the Board approved an extension for the fulfillment of conditions precedent under the Composite Scheme of Arrangement involving Vedanta Limited and its subsidiaries (Vedanta Aluminium Metal Limited, Talwandi Sabo Power Limited, Malco Energy Limited, and Vedanta Iron and Steel Limited). The timeline for fulfilling these conditions, which was previously extended to March 31, 2026, has now been further extended to June 30, 2026. This extension is due to the ongoing process of obtaining approvals from certain governmental authorities.
