Vedanta Reshapes Audit, Board and Dividend Policy Amid Demerger

Vedanta Limited ( (IN:VEDL) ) has shared an announcement.

Vedanta Limited’s board has approved the appointment of M S K A & Associates LLP as statutory auditors for a five-year term, replacing S.R. Batliboi & Co. LLP following completion of their permissible tenure under Indian company law. The move underscores continuity of external oversight while aligning with regulatory rotation requirements, as the incoming firm brings broad audit and assurance experience across sectors.

The company also announced governance changes, with independent director Pallavi Joshi Bakhru stepping down to avoid conflicts linked to Grant Thornton’s proposed audit roles within the Vedanta group, and the induction of former Reserve Bank of India executive Dr. Meena Hemchandra as an additional independent director, bolstering the board’s expertise in supervision, risk, and cyber governance. In parallel, Vedanta revised its dividend distribution policy from FY 2027 to create a more structured capital allocation framework that prioritizes sustainable shareholder payouts alongside deleveraging and long-term growth needs as it executes its demerger plan.

More about Vedanta Limited

Vedanta Limited is a diversified natural resources company with operations spanning metals, mining, and energy, and its securities are listed on both BSE and the National Stock Exchange of India. The group focuses on large-scale resource extraction and processing, serving industrial and infrastructure demand in India and other markets, and is a prominent constituent of India’s corporate sector.

Average Trading Volume: 951,783

Technical Sentiment Signal: Buy

Current Market Cap: 2903.9B INR

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