Hindustan Zinc Limited (HZL), a subsidiary of Vedanta, has received a penalty from the Ministry of Corporate Affairs. The penalty was levied by the Regional Director, North Western Region, Ahmedabad, for non-compliance with Section 158 of the Companies Act regarding the mentioning of Director Identification Numbers (DIN). The penalty amounts to ₹63,90,000.
Hindustan Zinc Penalty
Vedanta has announced that its subsidiary, Hindustan Zinc Limited (HZL), has been penalized by the Regional Director, North Western Region, Ahmedabad (RD), Ministry of Corporate Affairs. This penalty arises from non-compliance issues related to the Companies Act.
Details of the Non-Compliance
The penalty pertains to a violation of Section 158 of the Companies Act, 2013. This section requires companies to mention the Director Identification Number (DIN) of directors in various filings. The penalty was applied due to the omission of DINs in prior financial years. The specific period of non-compliance was during financial years 2014-15 to 2020-21.
Penalty Amount and Mitigation
An interim order dated December 17, 2025 specifies a total compounding fee of ₹63,90,000 imposed on the Company and its ex-Whole Time Directors. HZL acknowledged that the lapse was inadvertent and has since rectified the issue beginning in the financial year 2022. The initial order was received on December 17, 2025, at 11:35 AM IST.
Source: BSE
