Vedanta declares first interim dividend of ₹7 per share for FY26
In a regulatory filing to the stock exchanges under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, Vedanta confirmed that the interim dividend is based on a face value of ₹ 1 per equity share.
The company had earlier notified that Tuesday, June 24, 2025, would be the record date to determine the eligibility of shareholders for the interim dividend. The dividend payout will be made within the timelines prescribed by law.
'The Board of Directors of Vedanta Limited, at its meeting held on June 18, 2025, has considered and approved the First Interim Dividend of ₹ 7 per share, amounting to around ₹ 2,737 crore,' the company said in its stock exchange communication.
The board meeting commenced at 12:30 p.m. IST and concluded at 1:00 p.m. IST.
Vedanta has a long-standing reputation for delivering consistent and high dividends to its shareholders, making it one of the preferred dividend-paying stocks on Dalal Street. The latest dividend further reinforces the company's commitment to rewarding its investors even amid ongoing capital expenditure plans and demerger-related developments.
Vedanta Ltd on June 18 confirmed selling a 1.6 percent stake in Hindustan Zinc Ltd (HZL) via block deals to institutional investors, raising ₹ 3,028 crore. The move is part of Vedanta's broader deleveraging strategy aimed at strengthening its balance sheet.
Earlier in the day, about 7.2 crore shares, or 1.71 percent equity, changed hands at ₹ 460.5 apiece, totalling ₹ 3,323 crore, according to CNBC-TV18. Vedanta later clarified that it had sold 66.7 million shares through an accelerated bookbuild process.
In addition to the stake sale, Vedanta is expected to receive ₹ 2,679.54 crore from Hindustan Zinc's recently declared ₹ 10 per share dividend. The twin cash inflows will support Vedanta's financial goals amid ongoing corporate restructuring and focus on capital discipline.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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