STOCKWATCH

VEDANTA LIMITED Announces Composite Scheme of Arrangement: NCLT Directs Shareholder Meetings

Vedanta Limited (VEDL) has announced a Composite Scheme of Arrangement with Vedanta Aluminium Metal Limited (VAML), Talwandi Sabo Power Limited (TSPL), Malco Energy Limited (MEL), Vedanta Base Metals Limited (VBML), and Vedanta Iron And Steel Limited (VISL). The National Company Law Tribunal (NCLT) has ordered VEDL and MEL to convene meetings with their respective equity shareholders, secured creditors, and unsecured creditors within 90 days of receiving the order (i.e., by February 19, 2025). The NCLT has dispensed with the meetings for equity shareholders of VAML, Resulting Company 3, Resulting Company 4, and Resulting Company 5, as well as secured and unsecured creditors of VAML, Resulting Company 4, and Resulting Company 5. Shareholders and creditors are advised to review the NCLT order on the company's website.

• Vedanta Limited announces Composite Scheme of Arrangement with five subsidiaries
• NCLT orders VEDL and MEL to convene shareholder and creditor meetings within 90 days
• Meetings for equity shareholders of other subsidiaries and creditors waived
• NCLT order available on Vedanta Limited's website
• Deadline for meetings: February 19, 2025