Vedanta has confirmed that May 1, 2026, will be both the effective date for its demerger and the record date for shareholders eligible to receive shares in the newly formed entities. Under this plan, shareholders will receive one share of Vedanta Aluminium Metal Ltd (VAML), one share of Talwandi Sabo Power Ltd (TSPL), and shares in other demerged units for each Vedanta share they hold. This demerger is one of the largest corporate restructurings in India's metals and mining sector, allowing investors to hold direct stakes in sector-specific companies rather than a diversified conglomerate. The restructuring was significantly supported by the National Company Law Tribunal's approval in December 2025. Vedanta aims to simplify its business structure, sharpen management focus, and unlock value for shareholders. The company anticipates that the combined value of the demerged entities could surpass the current market value of Vedanta as a unified company. As the record date approaches, market attention will likely focus on the listing timelines and how investors will value the individual businesses once trading begins.