VEDL De-Merger in Momentify

[bbrijesh]

Dear Momentify Investor,

We would like to inform you about the recently completed demerger of Vedanta Limited (VEDL) and its impact on your portfolio.
The record date was May 1, 2026, but since May 1 was a market holiday, the stock traded ex-spin-off on April 30, 2026. Vedanta opened at ₹289.50 on April 30, reflecting a ~63% drop from the previous close of ₹773.60. This drop was due to the subtraction of the demerged businesses' value from the stock price.
For every 1 share of Vedanta Ltd held, you will receive:
• 1 share in Vedanta Aluminium
• 1 share in Vedanta Oil & Gas
• 1 share in Vedanta Power
• 1 share in Vedanta Iron & Steel
So, if you hold 100 shares of Vedanta, you will receive 100 shares in each of the 4 new companies.
If Vedanta is part of your Momentify portfolio, here is how it will be handled.
Post demerger:
• The price of Vedanta Ltd will reduce (as value gets distributed across the new entities).
• You will receive additional shares in the demerged companies. These may take some time to reflect in your account. Based on company announcements, they are expected to list by mid-June 2026.
How we are handling this in Momentify
To ensure continuity and avoid any disruption in your strategy:
• We will adjust your entry price proportionately in the backend, using the ratio of the post-ex open to the pre-ex close. This ensures no impact on rebalancing and no unintended trigger of stop-loss or exit conditions.
• The value corresponding to the demerged entities will be adjusted from your current holding value in Vedanta Ltd.
• You will receive the additional shares separately, as per the demerger process.

This will reduce your Momentify investment value up to the value of the demerged entities. We believe this is the most appropriate approach to accurately reflect the demerger in your portfolio

If you prefer a different approach, you can manually update the price in Momentify as per your preference.

We hope this clarifies the process. No action is required from your end for this adjustment.
Please feel free to reach out in case of any questions or clarifications.