Uno Minda Limited has announced the allotment of 5,420 equity shares under its Employee Stock Option Scheme 2019, following approval from the Nomination & Remuneration Committee on March 17, 2026. The allotment represents the exercise of stock options by eligible employees under the company's established ESOP framework.

Share Allotment Details

The allotted equity shares carry a face value of Rs. 2 each and were issued at multiple exercise price points to accommodate different grant categories. The company has initiated the process for listing these newly allotted shares on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

Impact on Share Capital

The allotment has resulted in an increase in the company's paid-up equity share capital structure. The total issued share count has expanded correspondingly, reflecting the successful exercise of employee stock options under the 2019 scheme.

Regulatory Compliance

The allotment complies with SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021, under Regulation 10(c). The company has confirmed that this allotment is not material in nature and has been disclosed under Regulation 30 of SEBI (LODR) Regulations, 2015.

Key regulatory aspects include:

• The shares will rank pari passu with existing equity shares
• No lock-in period applicable to the allotted shares
• ISIN number INE405E01023 assigned for demat issuance
• Original ESOP scheme filed with exchanges in April 2019

Scheme Background

The Uno Minda Employees Stock Option Scheme 2019 was originally filed with NSE and BSE on April 12, 2019, under filing numbers 20611 and 93347 respectively. The scheme enables eligible employees to acquire equity shares at predetermined exercise prices, aligning employee interests with shareholder value creation.

The company has made the disclosure available on its website at www.unominda.com and submitted the required documentation to both stock exchanges for the listing process of the newly allotted shares.

Uno Minda Limited has issued a corrigendum to its earlier regulatory filing regarding the GST penalty order received from tax authorities. The company clarified that the tax amount of ₹126.19 crore involved in the case had already been paid before the inception of the tax dispute, with authorities only imposing interest and penalty components.

Corrigendum Details and Clarifications

The corrigendum, submitted on March 11, 2026, addresses the penalty order from the Office of the Commissioner of Goods & Service Tax and Central Excise, Salem, Tamil Nadu. The company emphasized that the adjudicated authority has duly appropriated the tax demand and imposed only interest and penalty charges.

Amnesty Scheme Adoption

A significant development revealed in the corrigendum is the company's adoption of an amnesty scheme for the earlier period. For the period from November 15, 2017 to March 2020, Uno Minda has adopted the amnesty scheme, resulting in no exposure of the penalty amount on the company.

Impact Assessment Update

The company maintains its position regarding the potential impact:

Regulatory Compliance and Filing Details

The corrigendum was filed pursuant to Regulation 30 of SEBI LODR regulations, specifically addressing Sub-Para 20 of Para A of Part A of Schedule III. The filing was digitally signed by Tarun Kumar Srivastava, Company Secretary & Compliance Officer, at 21:45:33 IST from the company's Manesar, Gurugram location.

Key Clarifications

The corrigendum provides important clarifications that distinguish it from the original filing:

• Pre-payment of Tax: The entire tax demand of ₹126.19 crore was paid before the dispute arose
• Amnesty Benefit: The company has availed amnesty scheme benefits for the 2017-2020 period
• Actual Exposure: Only interest and penalty components remain as potential liabilities
• Contest Strategy: Company continues to plan legal challenge based on case merits

The updated disclosure demonstrates the company's commitment to providing accurate and complete information to stakeholders while addressing the HSN misclassification issues through appropriate legal and regulatory channels.