Vedanta Limited has announced significant governance changes, including the appointment of M/s M S K A & Associates LLP as new statutory auditors. Additionally, Dr. Meena Hemchandra has been appointed as an Independent Director, while Ms. Pallavi Joshi Bakhru steps down from the Board. The company also confirmed a revision to its Dividend Distribution Policy, effective from FY 2027, to better align with its long-term growth and capital allocation strategy.
Leadership and Governance Changes
Vedanta Limited has overhauled its board composition and audit oversight. Effective from the conclusion of the 61st Annual General Meeting, M/s M S K A & Associates LLP will serve as the company’s new statutory auditors for a five-year term. This transition follows the completion of consecutive terms by the outgoing firm.
On the board front, the company announced that Ms. Pallavi Joshi Bakhru will step down as an Independent Director, effective at the close of business on April 30, 2026. To strengthen its board, the company has appointed Dr. Meena Hemchandra as an Additional Director and Non-Executive Independent Director for an initial term of one year, starting May 01, 2026, subject to shareholder approval.
Strategic Policy Revision
Alongside leadership changes, the Board has approved a comprehensive revision of the company’s Dividend Distribution Policy. This update is scheduled to become effective starting from FY 2027. The revised framework is designed to provide a more structured approach to capital allocation. It aims to balance the delivery of sustainable shareholder returns with the company’s broader financial priorities, including long-term growth initiatives, systematic deleveraging, and enhanced overall financial resilience in light of evolving market conditions.
Source: BSE
