Arun Misra, the Chief Executive Officer of Hindustan Zinc Ltd., is expected to take over as Group CEO of Vedanta Ltd. within the next two months, according to a media report citing sources familiar with the development. The reported leadership transition comes at a significant time for the Vedanta Group as it moves forward with a major corporate restructuring initiative aimed at simplifying its business operations and unlocking shareholder value.

The proposed appointment is closely linked to Vedanta's ongoing demerger plan led by founder and chairman Anil Agarwal. As part of the restructuring process, four newly demerged entities—Vedanta Aluminium Metal, Vedanta Oil & Gas, Vedanta Power, and Vedanta Iron & Steel—began trading separately on the National Stock Exchange and the Bombay Stock Exchange on Monday. The move is expected to create independent business verticals with greater operational flexibility and focused growth strategies.

Vedanta has stated that the demerger is designed to streamline its corporate structure while also supporting efforts to reduce debt and improve capital allocation. Agarwal has expressed confidence that each of the five companies emerging from the restructuring could eventually achieve a valuation of $100 billion. The development marks one of the most significant transformations in the group's recent history.

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According to Hindustan Zinc's annual report, shareholders were asked to approve a limited two-month extension of Misra's tenure as CEO from June 1 to July 31, 2026. Industry observers view the extension as a potential step toward facilitating his transition into the broader leadership role at Vedanta. The company has not officially announced the appointment, but reports suggest preparations are underway.

Sources cited in the report indicated that Amarendu Prakash, the former Chairman and Managing Director of Steel Authority of India Ltd. (SAIL), is among the leading candidates to succeed Misra at Hindustan Zinc. Prakash stepped down from his position at SAIL earlier this year after submitting his resignation on April 1, 2026, making him available for a new leadership assignment within the industry.

Misra joined Hindustan Zinc in 2019 as Deputy CEO and was elevated to CEO and Whole-Time Director in August 2020. During his tenure, the company recorded strong financial growth, with revenue from operations rising nearly 20 percent to Rs 40,844 crore in FY26, while profit increased 34 percent to Rs 13,832 crore. His leadership has been widely credited with strengthening the company's operational performance and reinforcing its position in India's zinc and silver sector.

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