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COMPILER’S NOTE:
In recent times, corporate India has been undergoing restructuring with – demergers being one of the most adopted method for the same. This, ostensibly unlocks value and creates more wealth for the shareholders and in the process also enables succession planning and focus for the promoters also. There is no specific Indian Accounting Standard (Ind AS) to govern accounting for such demergers. The disclosures are mainly governed by Ind AS 105 (Discontinued Operations), Ind AS 108 (Segment Reporting), Ind AS 1 (framework for preparing and presenting general-purpose financial statements) and Schedule 3 of the Companies Act 2013. These demergers besides approval from the National Company Law Tribunal and Securities & Exchange Board of India (SEBI – for listed entities), also require approvals from several state and central government ministries and agencies.
Given below are disclosures for a company which has demerged its operations into 6 specific business units.
VEDANTA LIMITED
Extracts from notes to Standalone Financial Statements for the year ended 31st March, 2026
Note 3(d): Acquisitions, Restructuring and Disposal of Subsidiary
