UNO Minda Limited has informed the Exchange about Action(s) taken or orders passed on its Subsidiary Company
UNOMINDA · price
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Uno Minda's subsidiary Uno Mindarika Private Limited (MRPL) received an order from the Office of the Deputy Excise & Taxation Commissioner, Gurugram on March 30, 2026, regarding excess Input Tax Credit (ITC) claimed in GSTR-3B versus GSTR-2A for FY 2019-20. The total demand is approximately Rs. 62.63 lakhs, comprising Rs. 19.78 lakhs in tax, an equal amount as penalty, and Rs. 23.08 lakhs in interest. MRPL disagrees with the findings and intends to file an appeal. The parent company states there is no material impact on its financial, operational, or other activities.
The demand amount is small relative to UNO Minda's overall size, and the company expects no material financial or operational impact. Shareholders should note that the subsidiary is contesting the order, but a prolonged appeal or an unfavorable ruling could result in additional liabilities.