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.

Vedanta Limited has disclosed receiving multiple GST penalty orders from various tax authorities across different locations. The company made comprehensive disclosures under Regulation 30 of SEBI Listing Regulations on December 30 and 31, 2025, revealing three separate penalty orders totaling ₹2.61 crores.

Multiple GST Penalty Orders

The mining giant has received penalty orders from three different tax jurisdictions within a span of two days. The penalties relate to various GST compliance issues spanning multiple financial years from 2018-19 to 2020-21.

Nature of Tax Violations

Each penalty order addresses different aspects of GST compliance violations:

Jharsuguda Order: The penalty stems from issues related to Input Tax Credit reversal in proportion to exempt supplies under sections 17(2) and 17(3) of the CGST Act, 2017.

Delhi South Order: This penalty of ₹18.53 lakhs pertains to disputes on Input Tax Credit under Section 17(5) for the period covering FY 2018-19 to FY 2020-21.

Rourkela Order: The largest penalty of ₹1.76 crores was issued under Section 74 of the CGST Act, 2017, relating to differences in turnover reported in GSTR-9C between GST turnover and audited financial statements turnover for FY 2018-19.

Company's Response Strategy

Vedanta Limited has maintained a consistent approach across all three penalty orders. The company intends to file appeals against each order with the appropriate appellate authorities. Management has expressed confidence in achieving favorable outcomes through the appeal process.

Financial Impact Assessment

Despite the substantial combined penalty amount of ₹2.61 crores, Vedanta Limited has stated that it does not expect these orders to have any material financial impact on the company's operations or financial performance. The company's confidence stems from its belief in the strength of its position and the likelihood of success in the appellate process.

The disclosures fulfill the company's regulatory obligations under SEBI Listing Regulations, ensuring transparency with investors and market participants regarding significant regulatory developments affecting the mining conglomerate.