Vedanta Shares Hit 52-Week High After Fixing May 1 Record Date For Demerger

Vedanta shares climbed over 3% on April 21 to hit a 52-week high of ₹794.90 after the company announced May 1, 2026, as the record date for its planned demerger into multiple businesses, according to Moneycontrol.

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The company, in an exchange filing dated April 20, 2026, said its board approved making the scheme effective from May 1, 2026, and fixed the same date to determine eligible shareholders for the demerger.

Demerger Structure And Share Allocation

Under the approved restructuring plan, Vedanta will split its operations into four independent entities—Vedanta Aluminium Metal, Vedanta Iron and Steel, Vedanta Power (formerly Talwandi Sabo Power), and Vedanta Oil and Gas (formerly Malco Energy), as per the company filing cited by Moneycontrol.

Shareholders holding Vedanta shares as of the record date will receive equity shares in each of these businesses in a 1:1 ratio. This includes one fully paid-up share of each entity for every share held in Vedanta.

For specific allocations, Vedanta Aluminium Metal and Vedanta Iron and Steel will issue equity shares with a face value of ₹1 each, while Vedanta Power will issue shares with a face value of ₹10. Vedanta Oil and Gas will also issue shares with a face value of ₹1, according to the filing.

Regulatory Approval And Objective

The demerger plan was approved by the National Company Law Tribunal in December 2025. The company had earlier stated that the proposal received approval from over 99.5% of shareholders and creditors, as per Moneycontrol.

Vedanta said the restructuring aims to create sector-focused independent businesses and simplify its corporate structure. The company added that this move is intended to improve transparency in performance and enable separate investment opportunities across verticals.

BALCO Transfer And Debenture Details

As part of the restructuring, Vedanta will transfer its shareholding in Bharat Aluminium Company Ltd (BALCO) to Vedanta Aluminium Metal. BALCO reported a turnover of ₹15,909 crore for the year ended March 31, 2025, contributing around 10% of Vedanta’s consolidated turnover, while its net worth stood at ₹12,088 crore, accounting for about 39% of consolidated net worth, according to company disclosures cited by Moneycontrol.

The company also said certain non-convertible debentures linked to the aluminium business will be transferred to Vedanta Aluminium Metal, with May 1 fixed as the record date for eligible debenture holders.

Stock Performance

Vedanta shares have risen significantly over the past year. The stock has gained about 89% over one year and nearly 100% from its 52-week low of ₹398.85 recorded in May 2025, according to market data cited by Moneycontrol.

The announcement of the demerger record date and implementation timeline led to an increase in trading activity in the stock during the session on April 21.