Vedanta Limited has announced significant changes to its board, including the appointment of Dr. Meena Hemchandra as an Independent Director and a leadership transition for the firm’s statutory audit. Additionally, the company has officially approved a revised Dividend Distribution Policy, which will take effect from FY 2027. These strategic updates are designed to enhance corporate governance and provide a clear framework for long-term capital allocation and sustainable shareholder returns.
Leadership and Governance Updates
The company has initiated a transition in its statutory audit oversight. M/s M S K A & Associates LLP has been appointed as the new statutory auditor for a five-year term, succeeding M/s S.R. Batliboi & Co. LLP upon the conclusion of the 61st Annual General Meeting. This change follows the completion of two consecutive terms by the outgoing firm, ensuring continued compliance with corporate standards.
Simultaneously, the Board has announced that Ms. Pallavi Joshi Bakhru will step down as an Independent Director effective April 30, 2026. To bolster its leadership expertise, Dr. Meena Hemchandra has been appointed as an Additional Director, serving as a Non-Executive Independent Director for an initial term of one year, running from May 01, 2026, to April 30, 2027. Dr. Hemchandra brings over four decades of experience as a career central banker at the Reserve Bank of India.
Strategic Dividend Policy Revision
In alignment with its ongoing demerger process, the Board has approved a comprehensive revision of the Dividend Distribution Policy, effective from FY 2027. This updated framework is intended to offer a more transparent and structured approach to capital allocation. The policy aims to strike an optimal balance between delivering consistent shareholder value and maintaining the company’s focus on long-term growth, deleveraging, and overall financial resilience.
Source: BSE
