Uno Minda Limited has informed stock exchanges about receiving a significant GST penalty order from tax authorities regarding HSN (Harmonized System of Nomenclature) misclassification issues. The company disclosed this development through a regulatory filing under SEBI LODR Regulation 30 on March 11, 2026.

GST Penalty Details

The Office of the Commissioner of Goods & Service Tax and Central Excise, Salem, Tamil Nadu, has imposed penalties covering two distinct time periods. The order addresses HSN misclassification issues spanning from November 2017 to October 2023.

Company's Response and Impact Assessment

Uno Minda Limited received the order on March 11, 2026 at approximately 09:00 A.M. (IST). The company has indicated its intention to contest the order based on the merits of the case.

Financial and Operational Impact

The company has assessed the potential implications of this development:

• Financial Impact: Company does not foresee any material impact on its financial activities
• Operational Impact: No anticipated material impact on operational activities
• Other Activities: No expected material impact on other business activities
• Legal Strategy: Plans to contest the order through appropriate legal channels

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Sub-Para 20 of Para A of Part A of Schedule III of SEBI LODR regulations. The filing was signed by Tarun Kumar Srivastava, Company Secretary & Compliance Officer, and submitted from the company's Manesar, Gurugram location.

Key Order Components

Beyond the specified penalty amounts, the GST order also includes:

• Interest charges: As applicable according to GST regulations
• Tax demands: Totaling ₹1,26.19 crore across both periods
• Classification issues: Related to HSN misclassification practices

The company's regulatory filing emphasizes its commitment to contesting the order while maintaining transparency with stakeholders about potential regulatory challenges.

Uno Minda has issued a formal clarification to the National Stock Exchange and BSE regarding media reports about its trumpet horn range launch. The automotive component manufacturer submitted the clarification on March 10, 2026, addressing market speculation following a news article published in Economic Times Auto.

Stock Exchange Communication

The company's clarification was submitted to both major stock exchanges following inquiries about the news item titled "Uno Minda launches advanced trumpet horn range for aftermarket" published on March 09, 2026. The communication was signed by Company Secretary Tarun Kumar Srivastava and addressed concerns about potential share price movements.

Product Classification Details

The company emphasized that the trumpet horn range is not a new product introduction. Uno Minda has been manufacturing trumpet horns for more than a decade, and the recent media attention resulted from routine aftermarket promotional activities. The product falls within the existing basket of product categories that the company already manufactures and sells.

Market Context and Competition

Uno Minda clarified that electronic horns and similar products are widely available in the aftermarket segment. Several industry participants and competitors currently offer comparable products, indicating that this promotion does not represent a new technological development or unique market introduction.

Regulatory Compliance Statement

The company confirmed that there are no negotiations, arrangements, or agreements related to the trumpet horn product requiring disclosure under Regulation 30 of SEBI LODR Regulations, 2015. The product update forms part of normal business operations, and the expected revenue is insignificant in terms of materiality.

Uno Minda stated there is no unpublished price sensitive information or material events undisclosed to stock exchanges that could explain share price movements on March 09, 2026. The company reaffirmed its commitment to complying with all applicable disclosure requirements and will promptly inform exchanges of any material developments when required.