Vedanta Iron And Steel Limited (VISL) has made a regulatory disclosure under Regulation 30 read with Sub-para (8) of Para (B) of Part (A) of Schedule III of the SEBI LODR Regulations.

The disclosure concerns ESL Steel Limited (ESL), a subsidiary of VISL, which became aware around 3:00 PM on October 14, 2026, of a Demand-cum-Show Cause Notice issued by the Office of the Superintendent, Central Tax, GST & Central Excise, Lathikata Range, Rourkela. The notice was accessed through the Goods and Services Tax portal.

Details of the Notice:

  • Authority: Office of the Superintendent, Central Tax, GST & Central Excise, Lathikata Range, Rourkela
  • Nature of Dispute: Alleged short payment of GST under Reverse Charge Mechanism (RCM) on District Mineral Foundation (DMF) and National Mineral Exploration Trust (NMET) contributions
  • Period: Financial Year 2022-23
  • Amount: ₹7,77,094/- (comprising CGST: ₹3,88,547/- and SGST: ₹3,88,547/-)
  • Additional Liabilities: Applicable interest and penalty

Company Response:

ESL is currently examining the notice and will take appropriate steps in accordance with applicable laws within the prescribed timelines. The notice requires ESL to submit its response within the specified timeframe.

Financial Impact Assessment:

The company explicitly states that it does not envisage any significant financial and operational impact from this notice.

Annexure Details:

The annexure provides structured information as required by regulations:

1. Name of Authority: Office of the Superintendent, Central Tax, GST & Central Excise, Lathikata Range, Rourkela

2. Brief details: Demand-cum-Show Cause Notice alleging short payment of GST under RCM on DMF and NMET contributions for FY 2022-23

3. Violation details: Alleged short payment of GST amounting to ₹7,77,094/- under RCM on DMF and NMET contributions for FY 2022-23, together with applicable interest and penalty

4. Impact assessment: ESL is evaluating appropriate legal remedies and will take necessary actions. The company envisages no material impact on financial, operations or other activities

The disclosure was signed by Tina Lakhani, Company Secretary & Compliance Officer (Membership No.: A 34723) on October 15, 2026, at 13:45:00 +05:30.