Hindustan Zinc Limited — Others, 05-02-2025: Action(s) taken or orders passed

Hindustan Zinc Limited has received orders from the Central Goods & Service Tax authorities imposing penalties totaling approximately Rs. 6.07 crore related to the disallowance and ineligible availment of Input Tax Credit for various financial years. Despite this, the company plans to appeal these orders, expressing optimism for a favorable outcome. The management believes that these issues will not materially affect the company's financial health. Investors might view this as a neutral impact but should remain aware of potential risks in regulatory compliance and monetary penalties affecting sentiment.