Please refer the enclosed file.
Awaiting price reaction for this filing.
Vedanta Limited has received an order from the Office of the Commissioner of GST and Central Excise (Appeals), Coimbatore, confirming a penalty demand of Rs. 1,87,60,764 along with tax and applicable interest. The dispute relates to the company's availing of CENVAT credit on inputs purchased between February 2010 and March 2011. The original order dated February 20, 2025 was received by the company on May 21, 2025. The company has stated that it is evaluating its next course of action, is hopeful of a favourable outcome, and does not expect the order to have any material financial impact on its operations.
Although the penalty order technically goes against the company, management has explicitly stated it does not expect any material financial impact and plans to contest the order. The Rs. 1.88 crore amount is negligible relative to Vedanta's overall size, and the stock is unlikely to react meaningfully unless the dispute escalates in subsequent appeals.