New Delhi, May 3 -- Vedanta Ltd is set to overhaul its dividend policy, moving away from a structure that guarantees a fixed minimum payout to a more flexible, board-driven approach, which may impact the sentiments of investors who have long relied on the company's predictable returns.

Earlier, the mining giant was committed to paying at least 30% of profits as dividends, and now the board will have the flexibility to pay 30% or the amount they deem fit, chief financial officer Ajay Goel disclosed the move during a post-earnings call with analysts last week.

Speaking on the change, Goel said the company's dividend framework will transition from a "prescriptive" model to a more "principle-based" one. Vedanta's FY26 dividend payout was th...