Vedanta Limited has informed the Exchange about Action(s) taken or orders passed
VEDL · price
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Awaiting price reaction for this filing.
Vedanta Limited has received an order from the Office of the Assistant Commissioner, GST & Central Excise, Jharsuguda, confirming a penalty of Rs. 15,43,762 along with a tax demand and applicable interest. The matter relates to the alleged wrongful availment and utilization of CENVAT credit for payment of Central Excise Duty during FY 2016-17. The order was dated June 19, 2025, and was received by the company on July 23, 2025. The company plans to appeal the order before the Appellate Authorities. Management has stated that it expects a favorable outcome and does not foresee any material financial impact on the company.
The penalty amount is small (around Rs. 15.4 lakhs) relative to Vedanta's overall size, and the company is contesting the order. Shareholders are unlikely to see any meaningful impact on earnings or stock price from this development.