“Additional to our inventory alternate announcement yesterday, we wish to inform you that the board assembly was deferred. We wish to reiterate that the dividend is a matter for the board’s consideration. Additionally, there isn’t a change to our dividend coverage and we are going to adhere to it,” HZL mentioned in a press release.
HZL on Tuesday mentioned its board assembly scheduled on August 17 to contemplate interim dividend for FY2021-22 has been deferred. The corporate didn’t give the explanation for the deferment of the assembly.
Hindustan Zinc is a number one zinc-lead miner. The corporate is subsidiary of Vedanta Ltd which owns 64.9 per cent stake within the firm whereas the Centre retains a 29.5 per cent stake. HZL reported a forty five.9 per cent rise in internet revenue to Rs 1,983 crore for the quarter ended on June 30, 2021, pushed by a restoration in metallic costs and better volumes.