“Further to our stock exchange announcement yesterday, we would like to inform you that the board meeting was deferred. We would like to reiterate that the dividend is a matter for the board’s consideration. Also, there is no change to our dividend policy and we will adhere to it,” HZL said in a statement.
HZL on Tuesday said its board meeting scheduled on August 17 to consider interim dividend for FY2021-22 has been deferred. The company did not give the reason for the deferment of the meeting.
Hindustan Zinc is a leading zinc-lead miner. The company is subsidiary of Vedanta Ltd which owns 64.9 per cent stake in the company while the Centre retains a 29.5 per cent stake. HZL reported a 45.9 per cent rise in net profit to Rs 1,983 crore for the quarter ended on June 30, 2021, driven by a recovery in metal prices and higher volumes.
