Vedanta Limited has received an order from the Office of the Additional Commissioner, GST & Central Excise Commissionerate, Rourkela confirming penalty of INR 34.8 million along with Tax demand and applicable Interest. The issue pertains to Input Tax Credit availment during the period fiscal year 2018-2019 to Fiscal year 2019-2020. The Company intends to file an appeal against the said order with the Appellate Authorities.

The Company is hopeful of a favorable outcome thereof and does not expect the said Order to have any material financial impact on the Company. The Company was in the process of assessing the reasons for the aforementioned order and examining its veracity.