Vietnam subsidiary gets tax penalty order of about 1.35 crore INR
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UNO Minda's Vietnam subsidiary, Minda Industries Vietnam, received an order from the Phu Tho Province Tax Department for administrative penalties on disallowances covering FY 2020-21 to 2025-26. Charges: 0.97 crore in tax, 0.19 crore in interest, 0.19 crore in penalty (about 1.35 crore total). Company says no material impact on financials or operations and is reviewing the order.
Minor one-time impact of about 1.35 crore INR from Vietnam tax penalty. Company says no material effect on operations or finances.