23 Apr 2026, 09:43 AM

Scheme of arrangement in Vedanta Limited (VEDL)

Vedanta Limited (VEDL) is undergoing a corporate action for the Scheme of Arrangement (Demerger). 

Corporate action Ex-date: April 30, 2026

All existing contracts with expiry dates May 26, 2026, June 30, 2026 and July 28, 2026, will expire on Wednesday, April 29, 2026. The contracts will be settled by way of physical settlement. You can read more on our policy on physical settlement here.

Note: The expiry date on our trading platform would display the original dates, i.e., May 26, 2026, June 30, 2026 and July 28, 2026; however, the contract will be available for trading only till April 29, 2026. On April 29, 2026, the NRML order type will remain blocked throughout the day(All intraday order types will be available to trade).

Derivative contracts on VEDL shall be introduced again with expiry dates—May 26, 2026, June 30, 2026 and July 28, 2026, from April 30, 2026, onwards, it is the ex-date of the underlying. The list of new option strikes will be provided one day prior to the ex-date/effective date.

A pre-open call auction session shall be conducted for VEDL in the capital market segment on April 30, 2026, from 9 AM to 10 AM. This is to determine the opening price of VEDL, based on which a minimum of five in-the-money strikes, one at-the-money strike, and five out-of-the-money strikes will be made available to the market. New option strikes will be made available based on the price discovered in the SPOS session of the Capital Market segment on the ex-date.

Refer to the NSE circular here and the adjustment details here. 

For MTF Positions –  MTF positions will be squared off a day before the ex-date for corporate actions (except bonus, split, dividend, and rights).

Positions will be squared off on April 29, 2026, for the upcoming demerger, with a record date of April 30, 2026.

To retain your holdings, please convert to delivery (CNC) by 4:00 PM, April 28, 2026.

More on MTF here.