Minda Corporation Limited has informed the Exchange about General Updates
MINDACORP · price
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On the reaction day the stock moved 0.2 pts less than Nifty Smallcap 250 and 0.4 pts more than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Minda Corporation's material subsidiary, Minda Instruments Limited (MIL), has received a tax order from the Deputy Commissioner of State Tax in Pune, Maharashtra. The order confirms a GST demand of INR 17.26 crore (including a penalty of INR 1.80 crore) for FY 2021-22, related to disputes over classification of goods and excess Input Tax Credit claimed. The order was passed on 30.12.2025 and received by the subsidiary on 31.12.2025. The company plans to file an appeal before the Appellate Authority within the prescribed time limit. Management has stated it does not expect any material financial impact on the company from this order.
The demand of INR 17.26 crore is not considered material by the company, and an appeal is planned. Short-term stock impact is likely limited, though investors should watch for updates on the appeal outcome as an adverse ruling could affect financials.