Mumbai: Anil Agarwal-led Vedanta Ltd on Tuesday said it has extended the deadline for its demerger to March 2026, from the earlier deadline of September 30, 2025, citing pending approvals from the NCLT and other government authorities.

The deadline was earlier extended from March 31 this year to September 30. Vedanta had earlier said that the demerger, when concluded, will allow it to operate its business verticals as standalone companies, helping it unlock greater value and improve operational focus. The process will result in four companies-Vedanta Aluminum Metal Ltd, Talwandi Sabo Power Ltd (TSPL), Malco Energy Ltd and Vedanta Iron and Steel Ltd.

Due to conditions of the demerger-including approval from the National Company Law Tribunal (NCLT) Mumbai Bench as well as certain government authorities-still being under process, the board of Vedanta and the resulting companies have extended the timeline for fulfillment of conditions to March 31, 2026, the conglomerate said.

The announcement came post market hours. Shares of Vedanta closed at ₹465.8 a piece Tuesday, up 3.02% from its previous close on BSE. In September, the company received a major reprieve to its demerger plans when the National Company Law Appellate Tribunal allowed TSPL to proceed with its separation from Vedanta.

The decision overturned a previous order that had stalled the move.

On 11 September, TSPL reached a settlement on with Chinese contractor Sepco Electric Power Construction Corp, which had objected to the demerger citing unpaid dues of ₹1,251 crore.