Uno Minda has received an order from the Commissioner (Appeals) Central Goods and Services Tax, Gurugram, regarding its appeal against a penalty order. The appellate authority has remanded the appeal applications back to the authority that passed the initial Penalty Order to re-determine the amount of tax, along with applicable interest and penalty. The company received this order on July 13, 2026.

The original dispute arose from an order by the Office of Commissioner of Goods and Services Tax, Faridabad, concerning the non-payment of GST on reimbursement of expenses to foreign entities, import of services on technical or business support services, and corporate or bank guarantees for foreign entities. The company was initially demanded to pay a penalty of Rs. 1,71,52,785 and applicable interest.

Uno Minda had filed appeals against this Penalty Order on May 02, 2025, and May 03, 2025. Following the recent remand, the matter will now be reviewed again by the original adjudicating authority. The company disclosed this information under Regulation 30 read with Schedule III of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

The company stated that it does not foresee any material impact on its financial, operational, or other activities as a result of the current status of the proceedings. The disclosure was signed by Tarun Kumar Srivastava, Company Secretary & Compliance Officer.

Uno Minda has announced a strategic expansion into the Four-Wheeler (4W) Passenger Vehicle Seating Systems segment with a proposed capital expenditure of approximately ₹320 crore. The Investment, Mergers & Acquisitions Committee of the Board approved the establishment of a greenfield manufacturing facility in Chhatrapati Sambhajinagar, Maharashtra, on July 7, 2026. This move marks the company's entry into one of the highest-value product categories in the automotive supply chain, aiming to increase per-vehicle revenue potential and deepen its footprint in the premium vehicle experience market.

The project will be executed under Uno Minda Tachi-S Seating Private Limited, a Joint Venture with TACHI-S Company Limited, Japan. The facility is expected to commence operations by Q4FY28, with a proposed capacity addition of 2,40,000 units per annum to be achieved in phases until FY 2030-31. The project will be financed through a mix of equity and term loans. In a strong early validation of this strategy, the JV has already secured an anchor customer order from a leading OEM.

Investment in Subsidiary

The Investment, Mergers & Acquisitions Committee of the Board also approved a further investment of up to ₹93 crore in the equity capital of Uno Minda Tachi-S Seating Private Limited. This infusion, to be disbursed in one or more tranches in cash until FY 2027-28, is proportionate to the current shareholding. Consequently, there will be no change in the percentage of shareholding or control in the target entity, where Uno Minda currently holds a 51% equity stake.

Financials of Target Entity

Uno Minda Tachi-S Seating Private Limited, incorporated on October 31, 2022, operates within the automotive industry in India. The entity has reported a steady increase in turnover over the past three financial years based on audited financial statements.

The transaction does not fall within related party transactions and will be conducted at arm's length. No prior governmental or regulatory approvals are required for the acquisition or the capacity expansion.