Uno Minda has received an order from the Commissioner of Customs (Appeals-II), Chennai, stating that its appeal against a duty demand was not considered. The company, which disputes the demand of ₹42,97,510, intends to contest the order and does not anticipate any material impact on its financial or operational activities. The order was received on June 24, 2026, at 19:00 PM IST.

The dispute relates to an earlier order from the Office of Commissioner of Customs, Chennai-11, Import, alleging misclassification of HSN on imported goods. The original demand included a differential duty of ₹42,97,510, which was deposited and appropriated, interest under Section 28AA of the Customs Act, 1962, a penalty of ₹42,97,510, and a redemption fine of ₹10,00,000.

Uno Minda had filed an appeal against this initial order. However, the Commissioner of Customs (Appeals-II) has now communicated that the said appeal has not been considered. The company disclosed this development under Regulation 30 read with Schedule III of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

The table below outlines the key details of the order and the associated demands:

In its filing, Uno Minda clarified that it intends to contest against the order received from the appellate authority. The company further asserted that it does not anticipate any material impact on its financial, operational, or other activities as a result of this development.

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.