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 Limited has received an order from the Office of the Commissioner of GST and Central Excise (Appeals), Coimbatore, confirming a penalty demand of Rs. 1.88 crore along with applicable tax and interest. The dispute relates to alleged wrongful availment of CENVAT credit on inputs purchased between February 2010 and March 2011. The original order was dated February 20, 2025, and Vedanta received it on May 21, 2025. The company is evaluating its next course of action, likely to appeal further, and has stated it does not expect any material financial impact from this order. The amount involved is relatively small compared to Vedanta's overall size.
Minor near-term impact; the penalty amount (~Rs. 1.88 crore) is negligible for a company of Vedanta's scale. However, prolonged tax disputes and unfavorable rulings could keep overhang on sentiment. Investors should watch for any further escalation or similar legacy tax issues surfacing.