UNO Minda Limited has informed the Exchange about Action(s) taken or orders passed
UNOMINDA · price
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UNO Minda Limited has received a penalty order from the Excise & Taxation Department, Haryana under Section 74 of the HGST/CGST Act, 2017 for financial year 2018-19, alleging short payment of tax on outward supply. The total demand is approximately Rs. 1.16 crore, comprising a tax demand of Rs. 37.26 lakh, interest of Rs. 41.68 lakh, and a penalty of Rs. 37.26 lakh. The order was received by the company on December 31, 2025. The company has stated that it intends to contest the order based on the merits of the case. Management has clarified that it does not foresee any material impact on the company's financial, operational, or other activities.
The penalty amount is small relative to UNO Minda's overall size and the company plans to legally contest it, so the direct financial impact is likely negligible. Shareholders should monitor whether the dispute escalates, but no immediate material risk to earnings or operations is indicated.