Please refer the enclosed file.
Awaiting price reaction for this filing.
Vedanta Limited has received a notice from the Member Secretary of the State Pollution Control Board, Odisha, dated April 10, 2025, alleging unauthorized disposal of fly ash in violation of the Fly Ash Notification issued by the Ministry of Environment. The Board has asked the company to deposit an Environmental Compensation of approximately ₹71.17 crore. Vedanta has stated that the order was passed without considering its submissions and compliances, and that it believes it has a strong case on merits. The company intends to challenge the order before the appropriate legal forum and does not expect any material financial impact on its operations or financials.
For shareholders, this is a manageable environmental compliance issue rather than a major financial threat, given that Vedanta plans to contest the order and expects no material financial impact. However, the stock could see minor short-term volatility due to the ₹71 crore compensation demand and ongoing regulatory scrutiny of its operations in Odisha.