Hindustan Zinc Approves FY26 Results and Declares ₹4648 Crore Interim Dividend
Hindustan Zinc Limited's Board approved audited financial results for Q4 and FY26 ended March 31, 2026, and declared first interim dividend of ₹11 per share for FY27, totaling ₹4648 crores with record date April 30, 2026. The Board also approved appointment of M/s M S K A & Associates LLP as new Statutory Auditors for five years, subject to shareholder approval. The company confirmed compliance with fund utilization requirements, showing ₹1400 crores raised through debentures were used as per original objectives without deviation.
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Hindustan Zinc Limited , a subsidiary of Vedanta Limited, has announced the approval of its audited financial results for the fourth quarter and year ended March 31, 2026, along with the declaration of a substantial interim dividend for shareholders.
Board Meeting Outcomes
The Board of Directors meeting held on April 24, 2026, approved several key decisions. The company submitted audited consolidated and standalone financial results for the fourth quarter and year ended March 31, 2026, which have been subjected to audit by statutory auditors M/s S.R. Batliboi & Co. LLP, Chartered Accountants.
| Decision: | Details |
|---|---|
| Meeting Duration: | 12:00 Noon to 2:00 PM IST |
| Results Period: | Fourth Quarter and Year ended March 31, 2026 |
| Audit Status: | Unmodified opinion from Statutory Auditors |
| Website Availability: | www.hzlindia.com |
Dividend Declaration
The Board declared the first interim dividend of ₹11 per equity share, representing 550% on the face value of ₹2 per share for Financial Year 2026-27. This dividend declaration amounts to ₹4648 crores in total.
| Dividend Parameter: | Details |
|---|---|
| Dividend per Share: | ₹11 |
| Percentage on Face Value: | 550% |
| Face Value: | ₹2 per share |
| Total Amount: | ₹4648 crores |
| Record Date: | April 30, 2026 |
| Financial Year: | 2026-27 |
The interim dividend will be paid within the stipulated timelines as prescribed under law.
Auditor Appointment
The Board approved the appointment of M/s M S K A & Associates LLP (formerly known as M S K A & Associates), Chartered Accountants, as the new Statutory Auditors of the company. The appointment is subject to shareholder approval at the upcoming Annual General Meeting.
| Auditor Details: | Information |
|---|---|
| Firm Name: | M/s M S K A & Associates LLP |
| Registration Number: | 105047W/W101187 |
| Term Duration: | Five consecutive years |
| Commencement: | Conclusion of 60th AGM |
| Conclusion: | Conclusion of 65th AGM |
| Approval Required: | Shareholders at AGM |
Fund Utilization Compliance
The company provided compliance confirmation under Regulation 52(7) and 52(7A) of the SEBI Listing Regulations for the quarter ended March 31, 2026. The compliance statement shows that funds raised through Non-Convertible Debentures have been utilized as per the original objects without any deviation.
| Fund Raising Details: | Amount |
|---|---|
| Total Amount Raised: | ₹1400 crores |
| Issue Date: | February 02, 2026 |
| Funds Utilized: | ₹1400 crores |
| Deviation: | No |
| Purpose: | Business operations, capital expenditure, debt repayment |
The funds were utilized for business operations including payment of operating expenses, taxes, mining royalties, power and fuel, transportation expenses, and repayment of short-term debt as originally disclosed.
Regulatory Compliance
The financial results and dividend declaration have been communicated to BSE Limited and National Stock Exchange of India Limited as per regulatory requirements. The company maintains its commitment to transparency and compliance with all applicable listing obligations and disclosure requirements.
Historical Stock Returns for Vedanta
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.99% | -5.71% | +13.95% | +49.82% | +76.68% | +213.75% |
Will Hindustan Zinc maintain this high dividend payout ratio of 550% in subsequent quarters of FY 2026-27?
How might the transition from S.R. Batliboi & Co. to M S K A & Associates as statutory auditors impact future financial reporting practices?
What specific capital expenditure projects will Hindustan Zinc prioritize following the successful utilization of ₹1400 crores from NCDs?
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