Vedanta Limited Appoints New Director, Extends Timeline for Scheme of Arrangement
Vedanta Limited announced several key changes following a board meeting held on March 31, 2026. Mr. Dindayal Jalan will cease to hold his position as a Non-Executive Independent Director with effect from March 31, 2026, and the company expressed appreciation for his contributions.To fill the vacancy, Vedanta Limited appointed Mr. S.V. Murali Dhar Rao as an Additional Director, designated as a Non-Executive Independent Director, for a term of one year, effective April 1, 2026, pending shareholder approval. Mr. Rao brings over 3 decades of experience in the securities market, including a long tenure at the Securities & Exchange Board of India (SEBI), where he most recently served as an Executive Director until January 2025. He currently serves as an Independent Director at Invesco Trustee Private Limited and on the Kerala Infrastructure Investment Fund Board.
Additionally, Vedanta Limited has extended the timeline for fulfilling conditions precedent related to a Composite Scheme of Arrangement. Previously extended to March 31, 2026, the timeline is now extended to June 30, 2026, due to pending approvals from governmental authorities. The scheme involves Vedanta Limited, Vedanta Aluminium Metal Limited, Talwandi Sabo Power Limited, Malco Energy Limited, and Vedanta Iron and Steel Limited, along with their respective shareholders and creditors.
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