Vedanta Limited announced on January 21, 2026, that it has received the certified copy of the Order dated December 16, 2025, passed by the National Company Law Tribunal (NCLT), Mumbai Bench. This order sanctions the Composite Scheme of Arrangement involving Vedanta Limited and its subsidiaries, Vedanta Aluminium Metal Limited, Talwandi Sabo Power Limited, Malco Energy Limited, Vedanta Iron and Steel Limited, and their respective shareholders and creditors. This development follows an earlier intimation dated December 16, 2025. The company received the certified copy of the NCLT's order on January 21, 2026, around 4:30 PM IST. The NCLT's order sanctions the scheme under Sections 230-232 and other applicable provisions of the Companies Act, 2013. The announcement also details ongoing discussions and submissions between Vedanta Limited and the Ministry of Petroleum and Natural Gas (MoPNG) concerning disclosures related to the demerger of the Oil and Gas Undertaking. MoPNG had raised concerns regarding incomplete disclosures of oil and gas blocks, outstanding liabilities, and specific demands. Vedanta Limited, in its response, has provided clarifications and justifications for its disclosures, stating that demands raised by MoPNG are either denied, have not crystallized, or have been adequately addressed in financial statements and prior communications. The company asserts that the scheme is not prejudicial to MoPNG's interests and that disputes should be resolved through contractual forums.
