Vedanta Limited — Others, 19-08-2025: Action(s) taken or orders passed
19-08-2025 | 04:42 pm
19-08-2025 | 04:42 pm
Vedanta Limited's subsidiary, Bharat Aluminium Company (BALCO), has been issued a penalty order by the Income Tax Department for Assessment Year 2012-13, totaling Rs. 0.81 Cr. This penalty stems from an income tax assessment. BALCO intends to challenge the order by filing an appeal with the Appellate Authority and a rectification application. The company anticipates a favorable resolution and does not foresee any material financial impact on its operations due to this development. This update informs shareholders about a minor tax-related event.
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