Vedanta Limited has informed stock exchanges about a significant GST penalty order received by its subsidiary ESL (Electrosteel Steels Limited) from tax authorities. The disclosure was made under Regulation 30 of SEBI Listing Regulations on December 31, 2025.

GST Penalty Details

ESL received an order from the Joint Commissioner of CGST & CX, Headquarters Ranchi, confirming a penalty of ₹54,61,78,958 along with tax demand and applicable interest. The penalty order was issued on December 29, 2025, and received by ESL on December 30, 2025.

Nature of Violations

The penalty pertains to two main GST-related issues spanning a five-year period from FY 2018-19 to FY 2022-23:

• Payment of GST on various financial income
• Reversal of input tax credit on account of defaulting vendors

The order was issued by the Office of the Principal Commissioner of Central Goods & Service Tax & Central Excise, located at Central Revenue Building, 5A, Main Road, Ranchi – 834001.

Company's Response and Impact Assessment

Vedanta has outlined its strategy to contest the penalty order through legal channels. The company intends to file a writ before the court or an appeal against the order with Appellate Authorities.

The disclosure was signed by Prerna Halwasiya, Company Secretary & Compliance Officer, and submitted to both BSE Limited and National Stock Exchange of India Limited as per regulatory requirements.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Schedule III of SEBI Listing Regulations, specifically under Clause 20 of Para A of Part A of Schedule III. This regulation requires listed companies to inform stock exchanges about material events that could impact the company's operations or financial position.

Vedanta Limited has notified stock exchanges regarding a regulatory matter involving its subsidiary Hindustan Zinc Limited (HZL). The company disclosed that HZL received a final order from the Ministry of Corporate Affairs concerning a compounding application under the Companies Act, 2013.

Regulatory Disclosure Details

The disclosure pertains to a final order received from the Office of Regional Director, North Western Region, Ministry of Corporate Affairs. This order relates to HZL's application for compounding under Section 441 of the Companies Act, 2013.

Compliance Framework

The disclosure was made pursuant to Regulation 30 read with Schedule III of SEBI Listing Regulations. Specifically, HZL's disclosure falls under Clause 20 of Para A of Part A of Schedule III of SEBI Listing Regulations, which mandates disclosure of material events and information.

Vedanta, as the parent company, communicated this development to both BSE Limited and National Stock Exchange of India Limited on December 31, 2025, fulfilling its regulatory obligations under SEBI Listing Regulations.

Documentation and Accessibility

The complete filing made by HZL has been made available through multiple channels for stakeholder access:

• BSE website: www.bseindia.com
• NSE website: www.nseindia.com
• HZL corporate website: www.hzlindia.com

The documentation was signed by Prerna Halwasiya, Company Secretary and Compliance Officer of Vedanta Limited, and Aashhima V Khanna, Company Secretary & Compliance Officer of Hindustan Zinc Limited, ensuring proper authorization and compliance with corporate governance requirements.