Vedanta Limited has received an Order from the Office of the Additional Commissioner, GST & Central Excise Commissionerate, confirming Penalty of INR 279.7 million along with Tax demand and applicable Interest. The dispute pertains to Input Tax Credit reconciliations during the period Fiscal year 2018-2019 to Fiscal year 2020-2021. 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.