Vedanta board to announce first interim dividend for FY 24 on May 22nd

18 May 2023 , 02:11 AM

 Vedanta Limited’s board will meet on Monday May 22nd to consider and approve first interim dividend of FY24. 

The record date for the purpose of determining the entitlement of the equity shareholders has been fixed as May 30, 2023, the company filing said. The announcement was made late on Wednesday.

The company had announced an interim dividend of Rs 20.50 on April 6, 2023, taking the FY23 dividend payout to Rs 101.50 per share.

The mining major had last week reported a 67.5% year-on-year drop in its March quarter net profit at Rs 1,881 crore. The company’s revenue from operations dropped 5.4% YoY.

In the BSE filing, the company said that its board meeting is, “proposed to be scheduled on Monday, May 22, 2023, to consider and approve the first interim dividend on equity shares, if any, for the financial year 2023-24. 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 Tuesday, May 30, 2023.”