Vedanta group dividend: Vedanta Group’s aluminium arm, Vedanta Aluminium Metal, is set to turn ex-record date for dividend tomorrow, August 5. So, naturally, today is the last day for investors to buy the shares to qualify for the interim dividend payout.
Notably, this will be the company’s first dividend payout after its demerger from the conglomerate.
First interim dividend of Rs 8 per equity share
The company’s board approved the first interim dividend of Rs 8 per equity share on face value of Rs 1 per equity share for the financial year 2026-27 amounting to Rs 3,128.55 crore on July 30, 2026.
The record date to determine the eligibility of shareholders for the dividend payout has been set as August 5.
“The Board has considered and approved the First Interim Dividend of ₹ 8/- per equity share on face value of Rs 1/- per equity share for the Financial Year 2026-27 amounting to Rs 3,128.55 crores,” the company said in its regulatory filing.
“We have commenced our new, independent chapter with robust operational and financial performance in this quarter, reflecting the success of our approach which merges business resilience, disciplined execution, and a long-term vision.
“In an increasingly dynamic geopolitical environment, our strategic focus on resource security, operational integration, and value-added products continues to strengthen our competitive position while enhancing our ability to deliver sustainable growth,” company’s Whole-Time Director & CEO Rajesh Kumar was quoted as saying in a statement by PTI.
VAML is the country’s leading producer of aluminium, catering to discerning customers in over 60 countries, the PTI report said.
The company operates a 5 million tonne per annum (MTPA) capacity alumina refinery in Lanjigarh, Odisha since 2007 and an associated 155 MW captive power plant, the report added.
VAML stocks
At 9:59 AM today, shares of VAML were trading at Rs 468.00, up 1.74 per cent from the previous close on the BSE.
(Disclaimer: The above article is meant for informational purposes only and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
