Vedanta Limited — Others, 11-02-2025: Action(s) taken or orders passed

Vedanta Limited has received an order from the GST and Central Excise authority, imposing a penalty of ₹1.08 crore, along with tax demand and interest, concerning GST payments under the reverse charge mechanism for the period from FY 2017-18 to FY 2019-20. The company plans to appeal the order, expressing confidence in a favorable outcome. Management anticipates that this matter will not materially impact the company's financial health. This development may lead to neutral investor sentiment, with potential risks if the appeal is unsuccessful, but also an opportunity for recovery if resolved favorably.