Vedanta Limited’s board has moved to refresh its governance slate, naming Meena Hemchandra as an additional Non-Executive Independent Director for a one-year term from May 1, 2026 to April 30, 2027, subject to shareholder approval. Hemchandra brings four decades of public-sector experience, including a long tenure at the Reserve Bank of India where she led supervision of banks and non-banking financial companies, and steered efforts on cyber security governance. The appointment follows a recommendation from the Audit and Risk Management Committee and underscores Vedanta’s emphasis on independent oversight.
Separately, Pallavi Joshi Bakhru will step down from the board at the close of business on April 30, 2026, in order to ensure compliance with independence and governance norms given her association with Grant Thornton Bharat LLP and a proposed audit arrangement with Walker Chandiok & Co. LLP. The company expresses its appreciation for her contributions during her tenure.
On the governance front, the board also approved a revision to Vedanta’s Dividend Distribution Policy in connection with the ongoing demerger scheme, aiming to balance sustainable shareholder returns with the group’s growth, deleveraging and resilience priorities. The revised policy will be published on Vedanta’s website and will take effect from FY 2027, subject to shareholder approvals and applicable law.
Taken together, the moves reflect Vedanta’s intent to maintain robust board oversight as it navigates structural changes while continuing to pursue value creation for shareholders.