Hindustan Zinc Limited announced it has received an Order from State Tax officer, Rudrapur, Uttarakhand, confirming the below demand on account of procedural issues. The demand pertains to the period 2023-2024: Demand issued: Penalty of INR 882,588. Considering the merits of the case, the Company intends to file appeal before the Appellate Authority within time-limit prescribed under the GST Law.

The Company is hopeful of a favourable outcome thereof and does not expect the said Order to have any material financial impact on the Company.