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

Hindustan Zinc Limited has received a penalty order from the Office of the Deputy Commissioner of State Tax, Udaipur, amounting to Rs. 35.35 crore, related to a dispute on Input Tax Credit from FY 2017-18. The Company intends to appeal the order and remains optimistic about a favorable outcome, assessing that this will not materially impact its financials. While investor sentiment may reflect caution due to the penalty, the potential for a successful appeal offers a positive outlook for the Company’s financial health.