Vedanta Limited has informed the Exchange regarding Change in Auditors of the company.
VEDL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Vedanta's Board has approved the appointment of M/s M S K A & Associates LLP as the new Statutory Auditor for a five-year term (61st to 66th AGM), replacing S.R. Batliboi & Co. LLP which has completed two consecutive terms as mandated under the Companies Act, 2013. Independent Director Ms. Pallavi Joshi Bakhru will step down on April 30, 2026, as she is a Designated Partner at Grant Thornton Bharat LLP, and another Grant Thornton network firm (Walker Chandiok) is being appointed as auditor for some group companies — a move to maintain auditor-independence norms. In her place, the Board has appointed Dr. Meena Hemchandra, a former RBI Executive Director with 40 years of central banking experience, as a Non-Executive Independent Director for a one-year term. The Board also revised the Dividend Distribution Policy effective FY 2027, in line with the ongoing demerger scheme, to provide a structured capital allocation framework balancing shareholder returns with deleveraging and growth needs.
This is a routine governance update with no negative implications for shareholders. The auditor change is a mandatory rotation after two terms, the outgoing director's exit is a proactive compliance step, and the incoming director (ex-RBI ED) strengthens the Board's financial and governance oversight. The revised dividend policy linked to the demerger could reshape future payout patterns, making it worth tracking.