uno minda received approval from the Ministry of Heavy Industries for a proposed investment by Inovance Automotive (HK) Investment Co. Ltd in its subsidiary, Uno Minda Auto Innovations Pvt Ltd. The approval, granted under Press Note 3 of 2020 issued by the Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, marks an interim step in the investment process. Uno Minda Auto Innovations Pvt Ltd is presently a wholly-owned subsidiary of Uno Minda Ltd.

The approval was received on June 19, 2026, following an earlier intimation dated February 17, 2025. While this clearance is significant, the proposed investment by Inovance HK remains contingent upon obtaining necessary regulatory, statutory, and governmental approvals in the respective foreign jurisdictions, specifically China and Hong Kong.

Key Details of the Transaction

The company disclosed that the transaction is not yet final and depends on compliance with foreign regulatory frameworks. The Ministry of Heavy Industries' approval is a prerequisite but not the sole condition for the investment to proceed.

Uno Minda has received an order from the Office of the Commissioner of Customs, Jawaharlal Nehru Custom House, Nhava-Sheva, Maharashtra, demanding payment of duty and penalty in connection with the import of machinery. The order, received on June 17, 2026, pertains to Anti-Dumping Duty and specifies a tax/duty amount of Rs. 48,81,256/- along with an equivalent penalty of Rs. 48,81,256/-. Interest is also applicable under Section 28AA of the Customs Act, 1962.

The company disclosed this development under Regulation 30 read with Schedule III of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. Uno Minda has stated its intention to contest the order based on the merits of the case. Management further clarified that the company does not foresee any material impact on its financial, operational, or other activities as a result of this order.

Breakdown of Demands

The order outlines the specific financial implications for the company regarding the import of machinery. The key components of the demand are detailed below:

The communication was addressed to the National Stock Exchange of India Ltd. and BSE Ltd. by Tarun Kumar Srivastava, Company Secretary & Compliance Officer of Uno Minda Limited.