Subsidiary faces Rs 4.81 crore tax demand, plans to contest

Regulatory & Legal View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+1.8%Reaction day

₹1211.80

prior close

₹1211.70

announcement price

After-mkt

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Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+0.5%+1.4% vs market

Auto Components & Equipments peers, median of 107sector+0.3%+1.5% vs sector

On the reaction day the stock moved 1.4 pts more than Nifty Midcap 150 and 1.5 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.

Minutes after the announcementfrom the announcement price · no benchmark

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15m

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Reaction day

+1.8+0.5+1.4+0.3+1.5

Next day

+0.4-0.1+0.5-0.3+0.7

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15d

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+3.6+0.8+2.9-5.5+9.2

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UpDownMarket · Nifty Midcap 150Sector · Auto Components & Equipments peers, median of 107Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Maharashtra tax authorities ordered Uno Minda's step-down subsidiary, Mitil Polymer, to pay Rs 48.07 lakh for excess input tax credit claimed in 2019-20. This includes Rs 25.60 lakh tax, Rs 19.91 lakh interest and Rs 2.56 lakh penalty. MPPL received the order on October 15, 2025 and intends to contest it.

Likely market impact

The company expects no material financial or operational impact and plans to contest the order.