Vedanta Limited — Others, 09-01-2025: Action(s) taken or orders passed

Hindustan Zinc Limited (HZL), a subsidiary of Vedanta Limited, has disclosed that it received a penalty order of ₹35.35 crore from the Office of the Deputy Commissioner of State Tax, Udaipur, pertaining to a dispute on Input Tax Credit for FY 2017-18. HZL plans to appeal this decision, expressing confidence in a favorable outcome, which may mitigate any substantial financial impact. This development could generate investor interest, as the company's proactive approach to resolving the issue suggests stability and potential resilience against regulatory challenges.