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CIN: U74900JH2015PLC003020

Registered Office: 3rd Floor, Gayways House Pee Pee Compound Ranchi Jharkhand 834001, India

Telephone No.: +91- 9304955502 ;




This Policy shall be called ‘Dividend Distribution Policy’.




This Policy is effective from the 05th Day of September 2022 as approved by the Board of Directors of the Company.




a.    This Policy is framed in accordance with the requirement under Regulation 43A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (including any amendments thereof).


b.   The Company shall make appropriate disclosures as required under the Listing Regulations.




a. “Board” means the Board of Directors of Vedant Asset Limited.


b. “Company” means Vedant Asset Limited.


c. “Policy” means this Policy, as amended from time to time.


d.  “Listing Regulations” means the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (including any amendments thereof).


e.   “Financial year” shall mean the period starting from 1st Day of April and ending on 31St Day of March every year.




The declaration of dividend (including interim dividend) would be subject to compliance with the applicable provisions of the Companies Act, 2013 and rules made thereunder as amended from time to time.




a. The circumstances under which the shareholders may or may not expect dividend:


The Company intends to offer maximum return on investment to the shareholders keeping in mind the underlying growth and future of the Company. However, the Board may consider not declaring any dividend or declare a lower rate of dividend based on the following:


1.  Prospective growth opportunities/threats/concerns of the Company;

2.  Inadequacy or absence of profits;

3.  Higher working capital requirements for business operations of the Company. 

b. Financial Parameters including Internal Factors that shall be considered while declaration of dividend:

The financial parameters which would be considered while declaration of dividend by the Board are as follows:

1.  Profits of the Company;

2.  Past dividend pattern;

3.  Major capital expenditure to be incurred by the Company;

4.  Cash flow requirements of the Company;

5.  Debt-equity ratio of the Company;

6.  Cost of borrowing of the Company, keeping in view the growth opportunities;

7.  Debt obligations of the Company;

8.  Investments in new business;

9.  Provisioning for financial implications arising out of unforeseen events and/o contingencies;

10. Reputation of the Company;

11. Restrictions/covenants if any, contained in any lender agreements or any other arrangement or agreement entered into by the Company. 

c. External Factors that shall be considered while declaration of dividend:


Certain external factors could compel the Board of the Company to reflect on the dividend payout for any financial year of the Company. Some of the external factors affecting the Company’s dividend payment are:


1.  Regulatory requirements;

2.  Economic environment;

3.  Political/geographical situations;

4.  Inflation rate;

5.  Industry Outlook for future years. 

d. Utilization of Retained Earnings:


The Company believes in cash retention for growth, expansion and diversification including acquisitions to be made by it, and also as a means to meet contingency. The retained earnings of the Company may be used in any of the following ways:


1.  Capital expenditure for working capital;

2.  Organic and/or in organic growth;

3.  Investment in new business(es);