Vedanta Limited has informed the Exchange that pursuant to the scheme of demerger being implemented, the Board of Directors has approved the revision of the Company s Dividend Distribution Policy, effective from FY 2027.
VEDL · price
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Vedanta Limited's Board meeting on April 29, 2026 approved three key items. First, M/s M S K A & Associates LLP was appointed as the new statutory auditor for a 5-year term, replacing S.R. Batliboi & Co. LLP after completing two consecutive terms. Second, Ms. Pallavi Joshi Bakhru resigned as Independent Director effective April 30, 2026, due to her association with Grant Thornton Bharat LLP to comply with independence requirements. Third, Dr. Meena Hemchandra, a former RBI Executive Director with 40 years of central banking experience, was appointed as an Additional Independent Director for 1 year effective May 1, 2026. Additionally, the Board approved revision of the Dividend Distribution Policy effective FY 2027, in line with the ongoing scheme of demerger, to establish a structured capital allocation framework balancing shareholder returns with deleveraging priorities.
The demerger-related dividend policy revision suggests shareholders may see changes in dividend payouts once the demerger is completed. The new RBI-experienced independent director strengthens governance oversight. No immediate material impact on stock price expected from these disclosures.