Vedanta Appoints New Auditors, Director Resigns, Adopts Revised Dividend Policy
Vedanta Limited appointed M S K A & Associates LLP as new statutory auditors. Ms. Pallavi Joshi Bakhru resigned as Independent Director, effective April 30, 2026. Dr. Meena Hemchandra was appointed as Non-Executive Independent Director from May 1, 2026. The company also revised its Dividend Distribution Policy, effective FY 2027.
The appointment of new auditors and a new director, along with a revised dividend policy, are significant corporate governance and strategic decisions that can influence investor perception and future operations.
The announcement involves routine corporate actions like auditor changes, director resignation, and policy revision, with no significant positive or negative financial impact immediately evident from the provided text.
Vedanta Limited announced key changes following its Board of Directors meeting on April 29, 2026. The Board approved the appointment of M/s M S K A & Associates LLP as the new Statutory Auditors, succeeding M/s S.R. Batliboi & Co. LLP. M S K A & Associates LLP, established in 1978, has offices in 12 Indian cities and offers audit, tax, and advisory services.
In a separate development, Ms. Pallavi Joshi Bakhru will step down as an Independent Director from the close of business hours on April 30, 2026. This resignation is due to her association with Grant Thornton Bharat LLP and the potential appointment of Walker Chandiok & Co LLP, member firms of Grant Thornton International, as statutory auditors for certain Vedanta Group companies, to ensure compliance with independence and governance requirements.
Furthermore, the Board has approved the appointment of Dr. Meena Hemchandra as an Additional Director, designated as a Non-Executive Independent Director. Her term will be for one year, effective from May 1, 2026, to April 30, 2027, subject to shareholder approval. Dr. Hemchandra is a former Executive Director of the Reserve Bank of India with extensive experience in banking supervision, treasury management, and corporate governance.
Additionally, Vedanta Limited has approved the revision of its Dividend Distribution Policy, effective from FY 2027. This revised policy aims to provide a transparent framework for capital allocation, balancing shareholder returns with the company's growth, deleveraging, and financial resilience priorities.
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Vedanta Limited filed this with the NSE as a statutory disclosure, categorised under auditor changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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