Vedanta board meeting stands cancelled, stock down 2%

Anil Agarwal-led Vedanta’s board on Wednesday informed that the company’s board meeting, in which fourth interim had to be declared and approved, has now been cancelled due to ‘unforeseen circumstances’, following which the stock tumbled 2% to day’s low of Rs 487.

“Further to our Letters VEDL/Sec./SE/24-25/167 dated September 25, 2024 and VEDL/Sec./SE/24- 25/177 dated October 08, 2024, we wish to inform that due to unforeseen circumstances we withdraw the Notice of Board Meeting proposed to be held on October 9, 2024 and accordingly the Board meeting hereby stands cancelled,” informed the company via an exchange filing.

No further information has been provided by the company.


The meeting, initially set for Tuesday, October 8, was postponed for unknown reasons. The company announced on Tuesday that it has been rescheduled for Wednesday, October 9.

The company had earlier informed that in case the said dividend is declared, the record date for determining the eligibility of the shareholders will be October 16.

In the past 12 months, Vedanta has declared equity dividends amounting to Rs 46 per share and at the share price of Rs 491, the company’s dividend yield is 9.37%, according to the data available on Trendlyne.

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The metal major, in the last week, announced that the company has achieved its highest-ever quarterly and half-yearly aluminium production of 1205 kt in the first half of the financial year.

The company’s alumina production has also jumped 21% on a year-on-year basis (YoY).

Vedanta also announced that the company witnessed its highest-ever second quarter mined and refined metal production in Zinc India. The company recorded a new high for mined metal while the production of refined metal increased by 5% YoY to 524 kt in the first half of the year.

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