[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Viceroy [@viceroyresearch](/creator/twitter/viceroyresearch) on x 46.4K followers Created: 2025-07-25 04:05:54 UTC June 24, 2025 “Under Section XXX of the Companies Act, it is illegal for a company to pay dividends from any source other than profits. During the time frame 2017-18 till date, HZL has paid more than Rs XXXXXX crores, often in excess of yearly profits, implying diversion of its internal resources for that purpose. The Vedanta Group which has an equity share of XXXXX% has thus paid itself more than Rs XXXXXX Crores during that period, whereas the government with an equity share of XXXXX% would have received around Rs XXXXXX Crores. Your Ministry has evidently welcomed the inflow of such a large dividend amount into the public exchequer, ignoring the enormous damage caused on that account to the long-term financial health of HZL and its far reaching implications in terms of depletion of scarce but highly valuable Zinc reserves of the country.” $HZL $VEDL 7/ XXXXX engagements  **Related Topics** [$vedlbo](/topic/$vedlbo) [rs](/topic/rs) [Post Link](https://x.com/viceroyresearch/status/1948595540721074218)
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Viceroy @viceroyresearch on x 46.4K followers
Created: 2025-07-25 04:05:54 UTC
June 24, 2025
“Under Section XXX of the Companies Act, it is illegal for a company to pay dividends from any source other than profits. During the time frame 2017-18 till date, HZL has paid more than Rs XXXXXX crores, often in excess of yearly profits, implying diversion of its internal resources for that purpose. The Vedanta Group which has an equity share of XXXXX% has thus paid itself more than Rs XXXXXX Crores during that period, whereas the government with an equity share of XXXXX% would have received around Rs XXXXXX Crores. Your Ministry has evidently welcomed the inflow of such a large dividend amount into the public exchequer, ignoring the enormous damage caused on that account to the long-term financial health of HZL and its far reaching implications in terms of depletion of scarce but highly valuable Zinc reserves of the country.”
$HZL $VEDL 7/
XXXXX engagements
