Hindustan Zinc on June 11 announced that its board has approved the first interim dividend of Rs 10 for the ongoing financial year 2026. The shares of the Vedanta Group company tumbled nearly 3 percent to close at Rs 519.20 apiece.
The record date to determine the eligibility of the shareholders set to receive the payment has been set on June 17. Notably, Hindustan Zinc had already announced the record date earlier this month, while intimating stock exchanges about its board meeting which took place today.
"We wish to inform you that the Board of Directors of the Company through a resolution passed by circulation on Wednesday, June 11, 2025, at 12:56 pm, have approved the first Interim Dividend of Rs. 10 per equity share i.e. 500% on face value of Rs. 2/- per equity share for the Financial Year 2025-26," the company's exchange filing reads.
With today's fall in share price, Hindustan Zinc shares have snapped a four-day gaining streak. The sharp rally had come on the back of rising silver prices. Hindustan Zinc is the largest producer of silver in India, and produces refined silver with a minimum 99.9 percent purity.
Also read: Silver ETF AUM doubles in a year, outpaces gold ETFs despite lower returns
While the stock gained nearly 11 percent in the past five days, it dropped over 25 percent in the past one year. It is however up nearly 17 percent in 2025 so far.
During an interaction with Moneycontrol, Hindustan Zinc's chief executive officer (CEO) Arun Misra said that the firm as well as its parent group are looking at opportunities to bid for and develop mines with rare earth minerals, as and when the mine blocks come up for auction in India, or if opportunities emerge overseas.
"In the case of rare earth mines, our exploration team judges every property, and we go in if the mine is viable. However, it is a case of one step forward and one step back. We had a gold block that was taken back, and a tungsten block in Tamil Nadu also went back due to some issues. I think that in a year or so, the auction process, or the expectation from the auctions, will be reset. Unlike expectations of 100-120 percent premiums in iron ore and bauxite mines, governments will probably get 1-2 percent premiums because of the low quantities," Misra said.
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