Vedanta Limited has informed the Exchange about Action(s) taken or orders passed
VEDL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Vedanta's subsidiary Bharat Aluminium Company Limited (BALCO) has received a penalty order of about Rs. 1.03 crore (Rs. 1,02,80,349) from the Income Tax Department's Assessment Unit for Assessment Year 2011-12, levied under Section 271(1)(c) of the Income Tax Act, 1961. The penalty follows an earlier assessment order passed under Section 254 read with Section 143(3) of the Act. The order was issued on August 13, 2025 and received by BALCO on August 14, 2025. BALCO plans to appeal the order before the Appellate Authority and also file a rectification application. The company says it expects a favourable outcome and does not foresee any material financial impact from this order.
The penalty amount is small relative to Vedanta's overall size, and the company has stated it will appeal, so the immediate financial hit for shareholders is limited. The main risk is if the appeal fails, but management has indicated no material impact is expected.