UNO Minda Limited has informed the Exchange about Disclosure under Sub-Para 20 of Para A of Part A of Schedule Ill of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
UNOMINDA · price
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On the reaction day the stock moved 1.6 pts less than Nifty Midcap 150 and 1.8 pts less 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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UNO Minda has received an order from the Office of the Commissioner of Customs, Chennai-11, alleging misclassification of HSN codes on imported goods. The customs authority has demanded differential duty of Rs. 42.97 lakh (already deposited by the company), an equal amount as penalty (Rs. 42.97 lakh), a redemption fine of Rs. 10 lakh, and applicable interest under Section 28AA of the Customs Act, 1962. The total quantifiable demand is roughly Rs. 95.94 lakh excluding interest. The company received the order on July 10, 2025, and has stated it intends to contest the order on merits. UNO Minda has clarified that it does not foresee any material impact on its financial, operational, or other activities from this order.
The financial impact is minimal — under Rs. 1 crore in total exposure for a large auto components company, and the differential duty is already paid. Near-term share price impact is likely negligible, though an adverse final order after contesting could add to costs.