Key Quantitative Figures
The company has been levied a surcharge of ₹28,46,261 (Twenty Eight Lakh Forty Six Thousand Two Hundred Sixty One Rupees) for financial years 2022-23 and 2023-24.
Dates of Action
The order was received on September 01, 2026, at approximately 11:01 am.
Parties Involved
- Issuing Authority: Regional Provident Fund Commissioner, Goa
- Recipient: Vedanta Iron And Steel Limited (the Company)
Nature of Violation
The order was issued pursuant to an inquiry under Section 125 of the Code of Social Security 2020 read with Section 7A of the erstwhile Employees' Provident Fund & Miscellaneous Provisions Act, 1952. The violation relates to deviations from notified investment patterns in the company's provident fund trust operations.
Company's Response and Legal Position
The company states it has a good case on merits against the order and is examining the same to explore further legal remedies. The company is considering challenging the order before the appropriate forum.
Financial and Operational Impact Assessment
The company explicitly states that it does not envisage any material impact on its business or operations, nor on the company/trust from this order.
Additional Documentation
The disclosure includes Annexure I providing structured details as required by the SEBI Master Circular, covering authority name, nature of action, date of receipt, violation details, and impact assessment.
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