Vedanta Limited — Others, 21-01-2025: Action(s) taken or orders passed

Bharat Aluminium Company Limited (BALCO), a subsidiary of Vedanta Limited, has received a penalty order amounting to ₹22.00 lakh related to Input Tax Credit reconciliation for FY 2017-18 to FY 2020-21. BALCO plans to appeal the order, expressing optimism for a favorable resolution. Management does not anticipate a material financial impact as a result of this matter. Investors may view this development as a neutral impact, with potential risks mitigated by the company's proactive approach to challenge the order.