The National Company Law Tribunal (NCLT) has approved the scheme of arrangement for Talwandi Sabo Power Limited (TSPL), as filed by Vedanta Limited. The approval, dated January 9, 2026, allows the scheme presented between Vedanta Limited, Vedanta Aluminium Metal Limited, TSPL, Malco Energy Limited, and Vedanta Iron and Steel Limited and their respective stakeholders. This arrangement is expected to streamline operations and improve shareholder value.
NCLT Order Received
Vedanta Limited announced that the Hon’ble National Company Law Tribunal (NCLT), Mumbai, has approved the company petition filed by Talwandi Sabo Power Limited (TSPL). The order, dated January 9, 2026, was uploaded on the NCLT website around 4:30 PM IST on the same day.
Details of the Scheme
The approved scheme of arrangement was presented between Vedanta Limited, Vedanta Aluminium Metal Limited, Talwandi Sabo Power Limited, Malco Energy Limited, and Vedanta Iron and Steel Limited. The sanction extends to their respective shareholders and creditors under Sections 230-232 of the Companies Act, 2013.
Background
This approval follows earlier intimations made by Vedanta Limited on September 16, 2025, and October 18, 2025, regarding the company petition. The scheme of arrangement aims to consolidate and streamline the operations of the involved entities to create enhanced value and operational efficiencies.
Source: BSE
