Vedanta Board To Consider 2nd Interim Dividend Tomorrow, Record Date Fixed
Vedanta Ltd will hold a board meeting on August 21 to consider a second interim dividend for FY25. Shares fell 2.56% due to demerger delays and regulatory concerns.
Vedanta Ltd has scheduled a board meeting on Thursday, August 21, to consider a second interim dividend for FY25. The move comes after the company declared a first interim dividend of Rs 7 per share in June. The record date for shareholder eligibility has been fixed as August 27.
Known for its consistent shareholder rewards, the Anil Agarwal-led conglomerate paid out four interim dividends worth Rs 43.50 per share in the previous financial year.
Vedanta boasts nearly 20 lakh retail shareholders—those with authorised share capital up to Rs 2 lakh—who held an 11.25% stake in the company as of the end of the March quarter.
In a note dated May 1, brokerage firm JPMorgan projected that for the 2026 financial year, Vedanta's dividend payout might reduce by nearly half to Rs 25 per share, and is expected to remain stable in the 2027 financial year at Rs 27 per share.
'Pursuant to Regulation 29 of Listing Regulations, Notice is hereby given that the meeting of the Board of Directors of the Company (the 'Board") is proposed to be scheduled on Thursday, August 21, 2025, to consider and approve the Second Interim Dividend on equity shares, if any, for the Financial Year 2025-26. Please note that the record date for the purpose of determining the entitlement of the equity shareholders for the said dividend, if declared, is being fixed as Wednesday, August 27, 2025," the company said in the filing.
However, the positive momentum on payouts was overshadowed on Wednesday as Vedanta shares slid 2.56% to Rs 438.55 on the BSE, following reports of delays in its demerger plan. According to CNBC-TV18, the National Company Law Tribunal (NCLT) has postponed hearing on the scheme to September 17 after the Centre raised strong objections. The government alleged that the restructuring concealed crucial details, inflated revenue numbers, and masked liabilities, potentially affecting dues recovery.
Adding to the troubles, SEBI has raised red flags, accusing Vedanta of modifying its demerger proposal after receiving approvals from the regulator and stock exchanges. Labeling this a 'serious breach" of its rules, SEBI issued an administrative warning, the report said.
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