Vedanta Limited has made a regulatory disclosure regarding a GST penalty order received by its subsidiary Hindustan Zinc Limited (HZL). The disclosure was made under Regulation 30 of SEBI Listing Regulations, with Vedanta informing stock exchanges about the penalty levy on December 15, 2025.

Regulatory Disclosure Framework

Vedanta Limited filed the disclosure pursuant to Regulation 30 read with Schedule III of SEBI Listing Regulations. The parent company informed both BSE Limited and National Stock Exchange that HZL had made the required disclosure under Clause 20 of Para A of Part A of Schedule III for penalty levy by tax authorities.

GST Penalty Order Details

The penalty order was issued by the Office of the Assistant Commissioner, Central Goods and Service Tax Division-Rudrapur against Hindustan Zinc Limited. The comprehensive order details are:

Nature of Tax Violation

The penalty relates to alleged contraventions in Input Tax Credit availment practices under specific GST provisions:

• Section 16 of CGST Act, 2017
• Section 20 of IGST Act, 2017
• Issues pertaining to financial years 2018-19 and 2019-20

The tax authorities have questioned the company's Input Tax Credit availment practices during these financial years.

Company Response and Appeal Strategy

Hindustan Zinc Limited has outlined its response approach to contest the penalty order. The subsidiary intends to file an appeal before the Appellate Authority within the time limit prescribed under the law. The company expressed confidence in achieving a favorable outcome through the appellate process.

Financial Impact Assessment

Regarding potential financial implications, Hindustan Zinc Limited stated that considering the merits of the case, it does not expect the order to have any material financial impact on the company. Both HZL and parent company Vedanta appear confident in their position for the appeal process.

The disclosure documents are available on stock exchange websites at www.bseindia.com and www.nseindia.com , as well as on HZL's website at www.hzlindia.com .

Hindustan Zinc Limited has received its ESG (Environmental, Social, and Governance) rating for FY2024-25 from NSE Sustainability Ratings and Analytics Limited. The company disclosed this development through a regulatory filing under Regulation 30 of the SEBI Listing Regulations on December 12, 2025.

ESG Rating Assessment

NSE Sustainability Ratings and Analytics Limited, a subsidiary of NSE Indices Limited and a SEBI-registered ESG Rating Provider, has assigned a consolidated ESG rating of 67 to Hindustan Zinc Limited for FY2024-25. The rating communication was received by the company via email on December 12, 2025, at 10:48 AM IST.

Independent Evaluation Process

The ESG rating assessment was conducted independently by NSE Sustainability as part of its evaluation of listed companies in India. The rating agency utilized publicly available information disclosed by Hindustan Zinc Limited for its analysis. The company specifically clarified that it did not engage NSE Sustainability for the evaluation or issuance of its ESG ratings.

Rating Methodology and Transparency

The methodology employed for these ESG ratings is detailed in the Rating Rationale Report provided by NSE Sustainability. Additionally, the rating methodology is available on NSE's dedicated ESG rating website at https://www.nse-esgrating.com/esg-ratings , ensuring transparency in the evaluation process.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI Listing Regulations, read with relevant SEBI circulars issued regarding ESG rating intimations. This regulatory framework requires listed companies to inform stock exchanges about ESG ratings received from SEBI-registered ESG Rating Providers.

The intimation was sent to both BSE Limited and National Stock Exchange of India Limited, where Hindustan Zinc Limited shares are listed.