Hindustan Zinc receives ₹1.08 crore GST penalty order, plans appeal
Hindustan Zinc received a ₹1.08 crore GST penalty order for Cenvat credit issues from 2011. The company plans to appeal and expects no material financial impact.
The company explicitly stated that it does not expect the order to have any material financial impact, indicating a low financial and operational impact.
The company has received a penalty order but is confident in its appeal, expecting a favorable outcome and no material financial impact, which balances the negative aspect of the penalty itself.
* Hindustan Zinc Limited (HINDZINC) has received an Order from the Office of the Commissioner, Central Goods & Service Tax - Udaipur. * The order confirms a penalty of ₹1,08,04,533 along with tax demand and applicable interest. * The issue relates to the availment of Cenvat credit on invoices issued between March 2011 and April 2011. * The Order No 16/CE/UDR/2025-26 was dated October 30, 2025, and received by the company on October 31, 2025. * The company intends to file an appeal before the Appellate Authority within the prescribed time limit. * Hindustan Zinc is hopeful of a favorable outcome and does not expect the order to have any material financial impact on the company.
What to do with a filing like this
Hindustan Zinc Limited filed this with the NSE as a statutory disclosure, categorised under litigation updates. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Hindustan Zinc Limited. Read the original for the full detail.