Hindustan Zinc Limited has informed the Exchange about Action(s) taken or orders passed
HINDZINC · price
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Hindustan Zinc has received an order from the Office of the Commissioner, Central Goods & Service Tax – Udaipur confirming a penalty of Rs. 1,08,04,533 (about Rs. 1.08 crore), along with a tax demand and applicable interest. The matter relates to the alleged wrongful availment of Cenvat credit on invoices issued during March 2011 to April 2011. The order was passed on 30 October 2025 and received by the company the next day. The company plans to file an appeal before the Appellate Authority within the prescribed time limit and believes it has strong grounds for a favourable outcome.
The company has stated it does not expect any material financial impact from this order as it intends to appeal. The financial hit, if any, is likely to be small relative to Hindustan Zinc's overall size, though investors should watch for updates on the appeal outcome.