Vedanta Limited has informed the Exchange regarding 'Intimation under Regulation 30(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015'.
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Awaiting price reaction for this filing.
Vedanta Limited informed the exchanges that its subsidiary Hindustan Zinc Limited (HZL) has approved a 1st Interim Dividend of ₹10 per equity share, which is 500% on the face value of ₹2 per share, for FY 2025-26. The dividend was approved by HZL's Board through a resolution passed by circulation on June 11, 2025. The record date for the dividend has been set as Tuesday, June 17, 2025, and the payment will be made within the timelines prescribed under the law. Since Vedanta is a major shareholder of HZL, this dividend will result in a significant cash inflow for Vedanta Limited.
Positive for Vedanta shareholders as the large dividend from its subsidiary HZL will boost Vedanta's cash flows and earnings, potentially supporting dividend payments or debt reduction at the parent level. HZL shareholders will receive a substantial interim payout.