This disclosure is a follow-up to a prior intimation submitted under reference number VISL/SEC./SE/2026-27/24 dated August 8, 2026. The key update is that the amount under dispute in the notice has been substantially reduced to approximately ₹6,73,39,655 (specifically IGST of ₹6,73,39,655) from the previously mentioned amount of ₹51,23,19,275.
The notice alleges that ESL committed excess availment of Input Tax Credit (ITC) on the import of goods during Financial Years 2021-22 and 2022-23, aggregating to the disputed amount of ₹6,73,39,655.
ESL is currently examining the notice and has stated it will take appropriate legal steps in accordance with applicable laws within the prescribed timelines. The company, through its parent VISL, has explicitly stated that it does not envisage any significant financial, operational, or other impact from this notice.
The disclosure is made in compliance with SEBI Master Circular No. SEBI circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
The notice was signed by Tina Lakhani, Company Secretary & Compliance Officer (Membership No.: A 34723) of Vedanta Iron And Steel Limited.