Hindustan Zinc Shares Soar Over 5% Ahead of Board Meeting to Discuss Dividend Proposal

Shares of Hindustan Zinc experienced a rise of more than 5% on Monday ahead of the company's board meeting on dividend issuance. The Vedanta-owned firm announced that the board will consider and approve the first interim dividend on equity shares on June 11 (Wednesday).

At 12:02 pm, Hindustan Zinc shares were trading at ₹529.80, up by 5.49% on the National Stock Exchange.

"Pursuant to Regulation 29 of SEBI Listing Regulations, Notice is hereby given that the Board of Directors of the Company (“Board”) on Wednesday, June 11, 2025, will consider and approve the first Interim Dividend on equity shares, if any, for the Financial Year 2025-26," the company said in its exchange filing.

The record date to identify shareholders eligible for the dividend (if declared) is set for next week, June 17, 2025.

"Please note that the record date for the purpose of determining the entitlement of the equity shareholders for the said dividend, if declared, is being fixed as Tuesday, June 17, 2025," the exchange filing added.

For the quarter ending March, Hindustan Zinc reported a consolidated profit of ₹3,003 crore, indicating a 47% year-on-year (YoY) rise. The company holds a dominant market share of 77% in India's primary zinc market. The revenue from operations figure stood at ₹9,087 crore, signalling a 20% YoY rise.

Hindustan Zinc Share Price

So far this year, the shares of the metals and mining company have experienced a double-digit rise of 18% on the bourses. However, on an annual basis, the shares of the company have struggled to remain in the green territory.

The sudden uptrend in the shares is also owing to silver prices touching an all-time high. Hindustan Zinc is one of the leading producers of silver metal in India and is also among the top five producers globally.

In the last 6 months period, the shares of Hindustan Zinc have witnessed a single-digit surge of over 4%. The stock is currently trading down by more than 26% from its all-time high price level of ₹717 on the NSE.