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An update from Vedanta Limited ( (IN:VEDL) ) is now available.
Vedanta’s board has approved the appointment of M S K A & Associates LLP as its new statutory auditor for a five-year term starting after the 61st annual general meeting, replacing S.R. Batliboi & Co. upon completion of their mandated tenure. The change signals continuity in audit oversight, with the incoming firm bringing broad audit and assurance experience across sectors and geographies.
The board also noted that independent director Pallavi Joshi Bakhru will step down on 30 April 2026 to avoid conflicts arising from her role at Grant Thornton Bharat amid proposed auditor appointments within the Vedanta group. To strengthen its governance bench, Vedanta has appointed former Reserve Bank of India executive director and seasoned regulator Dr Meena Hemchandra as an additional non-executive independent director for a one-year term from 1 May 2026, leveraging her deep expertise in banking supervision, cyber security and corporate governance.
In a parallel move tied to its ongoing demerger, Vedanta has revised its dividend distribution policy effective from FY 2027, aiming to provide a more structured and transparent capital allocation framework. The updated policy is designed to balance sustainable shareholder payouts with the company’s priorities on growth, deleveraging and financial resilience as business conditions evolve.
More about Vedanta Limited
Vedanta Limited is a diversified natural resources company with interests spanning metals, mining, oil and gas, and power. The group focuses on producing commodities such as zinc, aluminum, iron ore and oil, with a significant presence in India and select overseas markets, and is listed on major Indian stock exchanges, targeting both domestic and global industrial demand.
Average Trading Volume: 951,783
Technical Sentiment Signal: Buy
Current Market Cap: 2903.9B INR
For detailed information about VEDL stock, go to TipRanks’ Stock Analysis page.