Vedanta Limited — Others, 24-10-2024: Action(s) taken or orders passed

Hindustan Zinc Limited, a subsidiary of Vedanta Limited, has disclosed a penalty of ₹1.78 crore imposed by the Office of the Commissioner of Central Excise and Central Goods Service Tax. This penalty relates to the reversal of Cenvat Credit for exempted and non-taxable supplies from FY 2011-12. The company plans to appeal the decision and does not anticipate a significant financial impact. For further details, the announcement is available on the stock exchange websites.