Overview

• India’s company law tribunal in Mumbai deferred Vedanta Ltd.’s demerger case to Oct. 8, pausing immediate progress on the split.
• On Sept. 15, the NCLAT set aside the NCLT’s March rejection, accepted a settlement between Talwandi Sabo Power (TSPL) and SEPCO, and told the lower court to proceed with first‑motion applications.
• The settlement records SEPCO’s consent and no‑objection to the scheme, its withdrawal of challenges, and a direction to return TSPL’s bank guarantees.
• Vedanta Resources CEO Deshnee Naidoo said the split is expected within the current financial year and that the organisation is being readied to operate as if demerged, adding that SEBI raised no objection to the revised scheme.
• Vedanta shares fell as much as 3.8% to Rs 444 after the adjournment; the plan envisages four listed units focused on aluminium, power, oil and gas, and base metals.